ALOY vs PDX: Correlation
Measured on weekly returns over the past three years, REalloys Inc. (ALOY) and PIMCO Dynamic Income Strategy Fund (PDX) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALOY and PDX?
Over the past 3 years, ALOY and PDX moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.14 lands near the 3-year figure. Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -610.4 %².
PDX is close to the least connected end of ALOY's tracked universe, ranking #9 of 11. Their recent paths diverged sharply: over the last 12 months ALOY outperformed by 89.1 percentage points (+100.0% for ALOY against +10.9% for PDX). Note the risk asymmetry: ALOY runs 4.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ALOY vs PDX: side by side
| ALOY (REalloys Inc.) | PDX (PIMCO Dynamic Income Strategy Fund) | |
|---|---|---|
| 1-year return | +100.0% | +10.9% |
| 5-year return | -4.5% | +203.4% |
| Volatility (ann.) | 125.1% | 26.1% |
| Beta vs S&P 500 | 1.27 | 0.40 |
| Max drawdown (3Y) | -72.9% | -37.2% |
| Market cap | $0.8B | $1.0B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALOY | PDX |
|---|---|---|
| 2022 | -91.6% | +23.0% |
| 2023 | +135.0% | +44.5% |
| 2024 | -22.0% | +37.0% |
| 2025 | +268.0% | -10.6% |
| 2026 | +41.1% | +21.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALOY and PDX good diversifiers for each other?
Yes. With a correlation of -0.19, ALOY and PDX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ALOY and PDX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.14 over the last year and -0.06 over 5 years.
Is PDX a good diversifier for ALOY?
Yes. With a correlation of -0.19, ALOY and PDX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aloy-vs-pdx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aloy-vs-pdx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ALOY correlations · PDX correlations
