Pimco Total Correlations

PTTNX Fund

USD 8.61 0.01 0.12%

The current 90-days correlation between Pimco Total Return and Redwood Real Estate is 0.04 (i.e., Significant diversification). The correlation of Pimco Total 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 Total Correlation With Market

Modest diversification

The correlation between Pimco Total Return and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Total Return 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 Total Return. 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 board of governors.

Moving together with Pimco Mutual Fund

0.99	MWTNX	Metropolitan West Total	Pair Corr
1.0	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
1.0	PTRRX	Total Return	Pair Corr
1.0	PTRAX	Total Return	Pair Corr
1.0	PTTRX	Total Return	Pair Corr
0.96	FIWGX	Strategic Advisers	Pair Corr
1.0	DODIX	Dodge Income	Pair Corr
0.96	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.71	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.68	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.85	KO	Coca Cola Aggressive Push	Pair Corr

Moving against Pimco Mutual Fund

0.78	INPIX	Internet Ultrasector	Pair Corr
0.78	INPSX	Internet Ultrasector	Pair Corr
0.72	RYVYX	Nasdaq 100 2x	Pair Corr
0.69	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.69	RYVLX	Nasdaq 100 2x	Pair Corr
0.69	UOPIX	Ultra Nasdaq 100	Pair Corr
0.69	RYCCX	Nasdaq 100 2x	Pair Corr
0.69	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.79	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.76	BAC	Bank of America Aggressive Push	Pair Corr
0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.61	DIS	Walt Disney Aggressive Push	Pair Corr
0.6	PRDSX	T Rowe Price	Pair Corr
0.57	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.57	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.47	T	ATT Inc Sell-off Trend	Pair Corr
0.41	HD	Home Depot	Pair Corr

Related Correlations Analysis

	CREMX	CNREX	TRRSX	ACIWX	FREEX	FHETX	TIRRX
CREMX		0.2	-0.06	0.02	-0.11	0.01	-0.4	CREMX
CNREX	0.2		0.59	0.78	0.7	0.69	0.57	CNREX
TRRSX	-0.06	0.59		0.91	0.97	0.96	0.91	TRRSX
ACIWX	0.02	0.78	0.91		0.95	0.94	0.86	ACIWX
FREEX	-0.11	0.7	0.97	0.95		0.96	0.93	FREEX
FHETX	0.01	0.69	0.96	0.94	0.96		0.9	FHETX
TIRRX	-0.4	0.57	0.91	0.86	0.93	0.9		TIRRX
	CREMX	CNREX	TRRSX	ACIWX	FREEX	FHETX	TIRRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FREEX	+ 0.97	TRRSX
FHETX	+ 0.96	TRRSX
FHETX	+ 0.96	FREEX
FREEX	+ 0.95	ACIWX
FHETX	+ 0.94	ACIWX
TIRRX	+ 0.93	FREEX

High negative correlations

TIRRX	- 0.4	CREMX
FREEX	- 0.11	CREMX
TRRSX	- 0.06	CREMX

Risk-Adjusted Indicators

There is a big difference between Pimco Mutual Fund performing well and Pimco Total 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 Total'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
CREMX	0.02	0.02	0.00	(3.42)	0.00	0.00	0.08	0.00	0.08
CNREX	0.62	0.01	(0.08)	0.16	0.78	(0.65)	1.22	(1.53)	3.86
TRRSX	0.70	0.04	(0.08)	0.43	0.80	(0.76)	1.24	(1.34)	3.58
ACIWX	0.60	0.03	(0.08)	0.25	0.73	(0.63)	1.28	(1.42)	3.13
FREEX	0.68	0.05	(0.07)	1.09	0.81	(0.68)	1.17	(1.24)	3.92
FHETX	0.66	0.06	(0.06)	0.66	0.72	(0.68)	1.39	(1.19)	3.54
TIRRX	0.70	0.02	(0.09)	0.24	0.85	(0.72)	1.33	(1.31)	3.78

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