Which stocks are most correlated with PGP?

Based on one year of daily returns, the stocks most correlated with PIMCO Global StockPLUS & Income Fund (PGP) are PCEF (0.57), CEFD (0.55) and DMAY (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 PGP?

Over the past year, the stocks most inversely correlated with PIMCO Global StockPLUS & Income Fund (PGP) are SPXU (-0.51), SDS (-0.51) and SPXS (-0.51). A negative correlation means the two stocks have tended to move in opposite directions.

PIMCO Global StockPLUS & Income Fund (PGP) — Stock Correlations & Overview

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

Stocks correlated with PGP

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

Most correlated with PGP

Symbol	Company	Correlation
PCEF	Invesco CEF Income Composite ETFINVESTMENT ADVICE	0.57
CEFD	ETRACS Monthly Pay 1.5X Leveraged Closed-End Fund Index ETN	0.55
DMAY	FT Vest U.S. Equity Deep Buffer ETF - May	0.55
MAYM	FT Vest U.S. Equity Max Buffer ETF - May	0.55
UJUN	Innovator U.S. Equity Ultra Buffer ETF - June	0.54

Most inversely correlated with PGP

Symbol	Company	Correlation
SPXU	ProShares UltraPro Short S&P 500	-0.51
SDS	ProShares UltraShort S&P500	-0.51
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.51
SH	ProShares Short S&P500	-0.51
SPDN	Direxion Daily S&P 500 Bear 1X ETF	-0.50

Frequently asked questions about PGP correlations

Which stocks are most correlated with PGP?: Based on one year of daily returns, the stocks most correlated with PIMCO Global StockPLUS & Income Fund (PGP) are PCEF (0.57), CEFD (0.55) and DMAY (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 PGP?: Over the past year, the stocks most inversely correlated with PIMCO Global StockPLUS & Income Fund (PGP) are SPXU (-0.51), SDS (-0.51) and SPXS (-0.51). 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 PGP correlations calculated?: We compute the correlation of daily returns between PGP 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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