CPBI vs PFL: Correlation
How closely do Central Plains Bancshares, Inc. (CPBI) and PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPBI and PFL?
Across a 3-year window, the weekly returns of CPBI and PFL correlate at 0.33, moderate. The past 12 months show a weaker link (0.22) than the 3-year average (0.33). Stretching to 5 years gives n/a, with an annualized covariance of 57.6 %².
Among the 11 assets we track against CPBI, PFL ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CPBI outperformed by 33.9 percentage points (+35.0% for CPBI against +1.1% for PFL).
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.
CPBI vs PFL: side by side
| CPBI (Central Plains Bancshares, Inc.) | PFL (PIMCO Income Strategy Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | +35.0% | +1.1% |
| 5-year return | n/a | +1.9% |
| Volatility (ann.) | 15.5% | 12.0% |
| Beta vs S&P 500 | 0.16 | 0.39 |
| Max drawdown (3Y) | -8.4% | -11.1% |
| Market cap | $0.1B | – |
| P/E (trailing) | 17.7 | 9.6 |
| Dividend yield | 0.00% | 12.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPBI | PFL |
|---|---|---|
| 2022 | – | -18.0% |
| 2023 | – | +17.2% |
| 2024 | +46.7% | +11.4% |
| 2025 | +13.1% | +13.0% |
| 2026 | +23.7% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPBI and PFL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CPBI and PFL?
The CPBI/PFL correlation stands at 0.33 on a 3-year window (1 year: 0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PFL a good diversifier for CPBI?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cpbi-vs-pfl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpbi-vs-pfl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPBI correlations · PFL correlations
