DSL vs PCN: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and Pimco Corporate & Income Strategy Fund (PCN) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and PCN?
Across a 3-year window, the weekly returns of DSL and PCN correlate at 0.72, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.72 over 3. Stretching to 5 years gives 0.71, with an annualized covariance of 130.7 %².
Within DSL's tracked universe of 30 assets, PCN comes in at #15 by 3-year correlation. Their 12-month results are close: -3.7% for DSL against +1.1% for PCN.
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 PCN: side by side
| DSL (DoubleLine Income Solutions Fund) | PCN (Pimco Corporate & Income Strategy Fund) | |
|---|---|---|
| 1-year return | -3.7% | +1.1% |
| 5-year return | +5.8% | +8.7% |
| Volatility (ann.) | 12.2% | 14.8% |
| Beta vs S&P 500 | 0.49 | 0.48 |
| Max drawdown (3Y) | -13.5% | -22.0% |
| Market cap | $1.2B | – |
| P/E (trailing) | 33.2 | 9.2 |
| Dividend yield | 0.00% | 11.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | PCN |
|---|---|---|
| 2022 | -22.6% | -22.9% |
| 2023 | +23.4% | +16.3% |
| 2024 | +14.0% | +19.6% |
| 2025 | -0.0% | +5.6% |
| 2026 | +2.1% | -0.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and PCN good diversifiers for each other?
Only partially. A correlation of 0.72 means DSL and PCN 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 PCN?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.68 over the last year and 0.71 over 5 years.
Is PCN a good diversifier for DSL?
Only partially. A correlation of 0.72 means DSL and PCN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.72 mean?
A reading of 0.72 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/dsl-vs-pcn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dsl-vs-pcn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSL correlations · PCN correlations
