Pimco Floating Correlations

PFIAX Fund

USD 8.33 0.01 0.12%

The current 90-days correlation between Pimco Floating Income and Edgewood Growth Fund is 0.03 (i.e., Significant diversification). The correlation of Pimco Floating is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Pimco Floating Correlation With Market

Very poor diversification

The correlation between Pimco Floating Income and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Floating Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pimco Floating Income. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Pimco Mutual Fund

0.66	PWLEX	Pimco Rae Worldwide	Pair Corr
0.69	PWLMX	Pimco Rae Worldwide	Pair Corr
0.9	PFATX	Pimco Fundamental	Pair Corr
0.85	PFANX	Pimco Capital Sec	Pair Corr
0.98	PFIIX	Pimco Floating Income	Pair Corr
0.61	PFUIX	Foreign Bond	Pair Corr
0.61	PFUPX	Pimco Foreign Bond	Pair Corr
0.91	PXTIX	Fundamental Indexplus	Pair Corr
0.93	PGAIX	Pimco Global Multi	Pair Corr
0.95	PHIYX	High Yield Fund	Pair Corr
0.67	PDI	Pimco Dynamic Income	Pair Corr
0.94	PZCRX	Pimco Credit Absolute	Pair Corr
0.95	PHSIX	Pimco High Yield	Pair Corr
0.94	PHYAX	High Yield Fund	Pair Corr
0.94	PZRAX	Pimco Rae Fundamental	Pair Corr
0.92	PIPAX	Pimco International	Pair Corr
0.93	PISIX	Pimco International	Pair Corr
0.75	PMBIX	Total Return	Pair Corr
0.91	PMJIX	Pimco Rae Fundamental	Pair Corr
0.94	PMZPX	Pimco Mortgage Oppor	Pair Corr
0.96	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.73	PNYAX	New York Municipal	Pair Corr
0.97	PONCX	Pimco Income	Pair Corr
0.92	PPYPX	Pimco Rae Fundamental	Pair Corr
0.93	PQTAX	Pimco Trends Managed	Pair Corr
0.89	PRBMX	Pimco Realpath Blend	Pair Corr

Moving against Pimco Mutual Fund

0.57	PFGAX	Long Term Government	Pair Corr
0.62	PRAIX	Real Return Asset	Pair Corr
0.33	PRTCX	Real Return Fund	Pair Corr
0.31	PSNNX	Pimco Stocksplus Short	Pair Corr

Related Correlations Analysis

	PFIIX	PFBPX	PFOAX	PFORX	FQIFX	FSRIX	BLPFX	SGOIX	FAOTX	EGFIX
PFIIX		0.41	0.19	0.41	0.84	0.88	0.91	0.91	0.91	0.4	PFIIX
PFBPX	0.41		0.87	1.0	0.6	0.63	0.52	0.47	0.5	0.43	PFBPX
PFOAX	0.19	0.87		0.87	0.41	0.43	0.32	0.31	0.3	0.29	PFOAX
PFORX	0.41	1.0	0.87		0.6	0.63	0.52	0.47	0.5	0.43	PFORX
FQIFX	0.84	0.6	0.41	0.6		0.96	0.98	0.91	0.97	0.66	FQIFX
FSRIX	0.88	0.63	0.43	0.63	0.96		0.96	0.89	0.95	0.64	FSRIX
BLPFX	0.91	0.52	0.32	0.52	0.98	0.96		0.95	1.0	0.58	BLPFX
SGOIX	0.91	0.47	0.31	0.47	0.91	0.89	0.95		0.95	0.34	SGOIX
FAOTX	0.91	0.5	0.3	0.5	0.97	0.95	1.0	0.95		0.56	FAOTX
EGFIX	0.4	0.43	0.29	0.43	0.66	0.64	0.58	0.34	0.56		EGFIX
	PFIIX	PFBPX	PFOAX	PFORX	FQIFX	FSRIX	BLPFX	SGOIX	FAOTX	EGFIX

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Floating Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pimco Floating's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PFIIX	0.09	0.01	(0.33)	0.37	0.00	(0.19)	0.24	(0.12)	0.73
PFBPX	0.11	(0.01)	(0.37)	(0.07)	0.11	(0.15)	0.20	(0.20)	0.71
PFOAX	0.10	(0.01)	(0.39)	(0.54)	0.13	(0.14)	0.20	(0.20)	0.71
PFORX	0.11	(0.01)	(0.37)	(0.07)	0.11	(0.15)	0.20	(0.20)	0.71
FQIFX	0.30	0.01	(0.06)	0.09	0.33	(0.34)	0.65	(0.69)	1.77
FSRIX	0.14	0.00	(0.24)	0.08	0.08	(0.17)	0.25	(0.33)	0.83
BLPFX	0.38	0.03	0.00	0.12	0.38	(0.44)	0.88	(0.73)	2.20
SGOIX	0.47	0.15	0.21	0.37	0.08	(0.56)	1.09	(0.77)	2.29
FAOTX	0.26	0.02	(0.07)	0.11	0.23	(0.29)	0.51	(0.50)	1.49
EGFIX	0.67	(0.08)	0.00	(0.02)	0.00	0.00	1.48	(1.82)	3.91

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC