AWRE vs PFL: Correlation
Measured on weekly returns over the past three years, Aware, Inc. (AWRE) and PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWRE and PFL?
On 3 years of weekly data the AWRE/PFL correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.23 versus 0.41 over 3 years. The 5-year figure is 0.34, and annualized covariance runs at 321.4 %².
By 3-year correlation, PFL places #5 of the 11 assets tracked against AWRE. Their recent paths diverged sharply: over the last 12 months PFL outperformed by 45.9 percentage points (-44.8% for AWRE against +1.1% for PFL). Note the risk asymmetry: AWRE runs 5.5 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.
AWRE vs PFL: side by side
| AWRE (Aware, Inc.) | PFL (PIMCO Income Strategy Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -44.8% | +1.1% |
| 5-year return | -69.6% | +1.9% |
| Volatility (ann.) | 65.6% | 12.0% |
| Beta vs S&P 500 | 1.56 | 0.39 |
| Max drawdown (3Y) | -62.9% | -11.1% |
| Market cap | – | – |
| P/E (trailing) | – | 9.6 |
| Dividend yield | 0.00% | 12.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWRE | PFL |
|---|---|---|
| 2022 | -45.7% | -18.0% |
| 2023 | -2.9% | +17.2% |
| 2024 | +17.5% | +11.4% |
| 2025 | -5.1% | +13.0% |
| 2026 | -33.5% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWRE and PFL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AWRE and PFL?
The AWRE/PFL correlation stands at 0.41 on a 3-year window (1 year: 0.23, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is PFL a good diversifier for AWRE?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/awre-vs-pfl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awre-vs-pfl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AWRE correlations · PFL correlations
