DSL vs PGP: Correlation
Measured on weekly returns over the past three years, DoubleLine Income Solutions Fund (DSL) and Pimco Global StocksPlus & Income Fund (PGP) carry a correlation of 0.69, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSL and PGP?
On 3 years of weekly data the DSL/PGP correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 142.3 %².
By 3-year correlation, PGP places #17 of the 30 assets tracked against DSL. Their recent paths diverged sharply: over the last 12 months PGP outperformed by 17.2 percentage points (-3.7% for DSL against +13.5% for PGP).
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 PGP: side by side
| DSL (DoubleLine Income Solutions Fund) | PGP (Pimco Global StocksPlus & Income Fund) | |
|---|---|---|
| 1-year return | -3.7% | +13.5% |
| 5-year return | +5.8% | +30.7% |
| Volatility (ann.) | 12.2% | 16.8% |
| Beta vs S&P 500 | 0.49 | 0.58 |
| Max drawdown (3Y) | -13.5% | -16.1% |
| Market cap | $1.2B | – |
| P/E (trailing) | 33.2 | 4.2 |
| Dividend yield | 0.00% | 9.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DSL | PGP |
|---|---|---|
| 2022 | -22.6% | -29.2% |
| 2023 | +23.4% | +21.3% |
| 2024 | +14.0% | +15.5% |
| 2025 | -0.0% | +29.9% |
| 2026 | +2.1% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSL and PGP good diversifiers for each other?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between DSL and PGP?
The DSL/PGP correlation stands at 0.69 on a 3-year window (1 year: 0.65, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is PGP a good diversifier for DSL?
To a limited degree. At 0.69 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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-pgp.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dsl-vs-pgp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DSL correlations · PGP correlations
