DSL vs PFL: Correlation
How closely do DoubleLine Income Solutions Fund (DSL) and PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and PFL?
On 3 years of weekly data the DSL/PFL correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.66 over 1 year against 0.76 over 3. The 5-year figure is 0.73, and annualized covariance runs at 110.7 %².
By 3-year correlation, PFL places #6 of the 30 assets tracked against DSL. Their 12-month results are close: -3.7% for DSL 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.
DSL vs PFL: side by side
| DSL (DoubleLine Income Solutions Fund) | PFL (PIMCO Income Strategy Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -3.7% | +1.1% |
| 5-year return | +5.8% | +1.9% |
| Volatility (ann.) | 12.2% | 12.0% |
| Beta vs S&P 500 | 0.49 | 0.39 |
| Max drawdown (3Y) | -13.5% | -11.1% |
| Market cap | $1.2B | – |
| P/E (trailing) | 33.2 | 9.6 |
| Dividend yield | 0.00% | 12.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | PFL |
|---|---|---|
| 2022 | -22.6% | -18.0% |
| 2023 | +23.4% | +17.2% |
| 2024 | +14.0% | +11.4% |
| 2025 | -0.0% | +13.0% |
| 2026 | +2.1% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and PFL good diversifiers for each other?
Only partially. A correlation of 0.76 means DSL and PFL 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 PFL?
The DSL/PFL correlation stands at 0.76 on a 3-year window (1 year: 0.66, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is PFL a good diversifier for DSL?
Only partially. A correlation of 0.76 means DSL and PFL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
A reading of 0.76 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-pfl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dsl-vs-pfl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DSL correlations · PFL correlations
