PIMCO Dynamic Income Strategy Fund (PDX) — Stock Correlations & Overview
Over the past year, PDX has moved most closely with MREO, BGLD, BFAP. Explore the stocks most correlated and inversely correlated with PDX below, along with its price, financials, and company profile.
Stocks correlated with PDX
Correlation of daily returns. Higher positive values move with PDX; negative values move opposite it. Informational only, not investment advice.
Most correlated with PDX
| Symbol | Company | Correlation |
|---|---|---|
| MREO | Mereo BioPharma Group plc American Depositary SharesPHARMACEUTICAL PREPARATIONS | 0.72 |
| BGLD | FT Vest Gold Strategy Quarterly Buffer ETF | 0.70 |
| BFAP | FT Vest Bitcoin Strategy Floor15 ETF - April | 0.55 |
| COMB | GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 0.54 |
| ROMO | Strategy Shares Newfound/ReSolve Robust Momentum ETF | 0.47 |
Most inversely correlated with PDX
| Symbol | Company | Correlation |
|---|---|---|
| BNAIW | Brand Engagement Network Inc. WarrantSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | -0.35 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.27 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.26 |
| DUG | ProShares UltraShort Energy | -0.26 |
Frequently asked questions about PDX correlations
- Which stocks are most correlated with PDX?
- Based on one year of daily returns, the stocks most correlated with PIMCO Dynamic Income Strategy Fund (PDX) are MREO (0.72), BGLD (0.70) and BFAP (0.55). 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 PDX?
- Over the past year, the stocks most inversely correlated with PIMCO Dynamic Income Strategy Fund (PDX) are BNAIW (-0.35), DRIP (-0.27) and OILD (-0.27). 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 PDX correlations calculated?
- We compute the correlation of daily returns between PDX 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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