Which stocks are most correlated with PDO?

Based on one year of daily returns, the stocks most correlated with PIMCO Dynamic Income Opportunities Fund (PDO) are PFL (0.73), PCN (0.71) and PAXS (0.71). 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 PDO?

Over the past year, the stocks most inversely correlated with PIMCO Dynamic Income Opportunities Fund (PDO) are EPV (-0.42), SDD (-0.39) and SMDD (-0.39). A negative correlation means the two stocks have tended to move in opposite directions.

PIMCO Dynamic Income Opportunities Fund (PDO) — Stock Correlations & Overview

Over the past year, PDO has moved most closely with PFL, PCN, PAXS. Explore the stocks most correlated and inversely correlated with PDO below, along with its price, financials, and company profile.

Stocks correlated with PDO

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

Most correlated with PDO

Symbol	Company	Correlation
PFL	PIMCO Income Strategy Fund	0.73
PCN	PIMCO Corporate & Income Strategy Fund	0.71
PAXS	PIMCO Access Income Fund	0.71
PFN	PIMCO Income Strategy Fund II	0.71
PDI	PIMCO Dynamic Income Fund	0.69

Most inversely correlated with PDO

Symbol	Company	Correlation
EPV	ProShares UltraShort FTSE Europe	-0.42
SDD	ProShares UltraShort SmallCap600	-0.39
SMDD	ProShares UltraPro Short MidCap400	-0.39
MZZ	ProShares UltraShort MidCap400	-0.39
SCC	ProShares UltraShort Consumer Discretionary	-0.39

Frequently asked questions about PDO correlations

Which stocks are most correlated with PDO?: Based on one year of daily returns, the stocks most correlated with PIMCO Dynamic Income Opportunities Fund (PDO) are PFL (0.73), PCN (0.71) and PAXS (0.71). 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 PDO?: Over the past year, the stocks most inversely correlated with PIMCO Dynamic Income Opportunities Fund (PDO) are EPV (-0.42), SDD (-0.39) and SMDD (-0.39). 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 PDO correlations calculated?: We compute the correlation of daily returns between PDO 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.

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