Which stocks are most correlated with PAI?

Based on one year of daily returns, the stocks most correlated with Western Asset Investment Grade Income Fund Inc. (PAI) are HYI (0.54), JPIB (0.53) and PCEF (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with PAI?

Over the past year, the stocks most inversely correlated with Western Asset Investment Grade Income Fund Inc. (PAI) are SJB (-0.47), EFZ (-0.45) and SH (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Western Asset Investment Grade Income Fund Inc. (PAI) — Stock Correlations & Overview

Over the past year, PAI has moved most closely with HYI, JPIB, PCEF. Explore the stocks most correlated and inversely correlated with PAI below, along with its price, financials, and company profile.

Stocks correlated with PAI

Correlation of daily returns. Higher positive values move with PAI; negative values move opposite it. Informational only, not investment advice.

Most correlated with PAI

Symbol	Company	Correlation
HYI	Western Asset High Yield Opportunity Fund Inc.	0.54
JPIB	JPMorgan International Bond Opportunities ETF	0.53
PCEF	Invesco CEF Income Composite ETFINVESTMENT ADVICE	0.52
JPMB	JPMorgan USD Emerging Markets Sovereign Bond ETF	0.51
AOK	iShares Core 30/70 Conservative Allocation ETF	0.51

Most inversely correlated with PAI

Symbol	Company	Correlation
SJB	ProShares Short High Yield	-0.47
EFZ	ProShares Trust Short MSCI EAFE	-0.45
SH	ProShares Short S&P500	-0.45
SPXU	ProShares UltraPro Short S&P 500	-0.44
SDS	ProShares UltraShort S&P500	-0.44

Frequently asked questions about PAI correlations

Which stocks are most correlated with PAI?: Based on one year of daily returns, the stocks most correlated with Western Asset Investment Grade Income Fund Inc. (PAI) are HYI (0.54), JPIB (0.53) and PCEF (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with PAI?: Over the past year, the stocks most inversely correlated with Western Asset Investment Grade Income Fund Inc. (PAI) are SJB (-0.47), EFZ (-0.45) and SH (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these PAI correlations calculated?: We compute the correlation of daily returns between PAI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.