DSL vs PAXS: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and PIMCO Access Income Fund (PAXS) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and PAXS?
On 3 years of weekly data the DSL/PAXS correlation comes out at 0.68, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. The 5-year figure is 0.53, and annualized covariance runs at 121.7 %².
By 3-year correlation, PAXS places #18 of the 30 assets tracked against DSL. Their 12-month results are close: -3.7% for DSL against -0.3% for PAXS.
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.
DSL vs PAXS: side by side
| DSL (DoubleLine Income Solutions Fund) | PAXS (PIMCO Access Income Fund) | |
|---|---|---|
| 1-year return | -3.7% | -0.3% |
| 5-year return | +5.8% | +20.5% |
| Volatility (ann.) | 12.2% | 14.6% |
| Beta vs S&P 500 | 0.49 | 0.48 |
| Max drawdown (3Y) | -13.5% | -13.4% |
| Market cap | $1.2B | $0.7B |
| P/E (trailing) | 33.2 | 7.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | PAXS |
|---|---|---|
| 2022 | -22.6% | – |
| 2023 | +23.4% | +9.3% |
| 2024 | +14.0% | +19.5% |
| 2025 | -0.0% | +12.5% |
| 2026 | +2.1% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and PAXS good diversifiers for each other?
Only partially. A correlation of 0.68 means DSL and PAXS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DSL and PAXS?
As of 2026-08-27, the correlation of weekly returns between DSL and PAXS is 0.68 over 3 years, 0.71 over 1 year and 0.53 over 5 years.
Is PAXS a good diversifier for DSL?
Only partially. A correlation of 0.68 means DSL and PAXS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 mean?
On the −1 to +1 scale, 0.68 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/dsl-vs-paxs.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsl-vs-paxs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSL correlations · PAXS correlations
