PIMCO Multi Sector Bond Active ETF (PYLD) — Stock Correlations & Overview
Over the past year, PYLD has moved most closely with BOND, CORP, VCIT. Explore the stocks most correlated and inversely correlated with PYLD below, along with its price, financials, and company profile.
Stocks correlated with PYLD
Correlation of daily returns. Higher positive values move with PYLD; negative values move opposite it. Informational only, not investment advice.
Most correlated with PYLD
| Symbol | Company | Correlation |
|---|---|---|
| BOND | PIMCO Active Bond Exchange-Traded Fund | 0.90 |
| CORP | PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund | 0.89 |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | 0.89 |
| JCPB | JPMorgan Core Plus Bond ETF | 0.89 |
| GIGL | Goldman Sachs Corporate Bond ETF | 0.89 |
Most inversely correlated with PYLD
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.77 |
| TYO | Direxion Daily 7-10 Year Treasury Bear 3X ETF | -0.75 |
| TBX | ProShares Short 7-10 Year Treasury | -0.73 |
| TMV | Direxion Daily 20+ Year Treasury Bear 3X ETF | -0.70 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.70 |
Frequently asked questions about PYLD correlations
- Which stocks are most correlated with PYLD?
- Based on one year of daily returns, the stocks most correlated with PIMCO Multi Sector Bond Active ETF (PYLD) are BOND (0.90), CORP (0.89) and VCIT (0.89). 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 PYLD?
- Over the past year, the stocks most inversely correlated with PIMCO Multi Sector Bond Active ETF (PYLD) are PST (-0.77), TYO (-0.75) and TBX (-0.73). 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 PYLD correlations calculated?
- We compute the correlation of daily returns between PYLD 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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