EPRX vs PFN: Correlation
Measured on weekly returns over the past three years, Eupraxia Pharmaceuticals Inc. (EPRX) and PIMCO Income Strategy Fund II (PFN) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EPRX and PFN?
On 3 years of weekly data the EPRX/PFN correlation comes out at 0.44, moderate. Recent behaviour matches the longer record: 0.49 over 1 year against 0.44 over 3. The 5-year figure is n/a, and annualized covariance runs at 211.0 %².
In EPRX's tracked universe of 13 assets, PFN sits right near the top at #1. Their recent paths diverged sharply: over the last 12 months EPRX outperformed by 35.3 percentage points (+39.4% for EPRX against +4.1% for PFN). Risk is not evenly split, since EPRX carries 4.0 times the volatility of the other side.
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.
EPRX vs PFN: side by side
| EPRX (Eupraxia Pharmaceuticals Inc.) | PFN (PIMCO Income Strategy Fund II) | |
|---|---|---|
| 1-year return | +39.4% | +4.1% |
| 5-year return | n/a | +9.3% |
| Volatility (ann.) | 49.2% | 12.2% |
| Beta vs S&P 500 | 1.06 | 0.40 |
| Max drawdown (3Y) | -35.9% | -11.1% |
| Market cap | $0.5B | $0.7B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 12.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EPRX | PFN |
|---|---|---|
| 2022 | – | -17.6% |
| 2023 | – | +15.5% |
| 2024 | – | +15.8% |
| 2025 | +138.2% | +13.1% |
| 2026 | -2.5% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EPRX and PFN good diversifiers for each other?
Reasonably. At 0.44, EPRX and PFN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EPRX and PFN?
The EPRX/PFN correlation stands at 0.44 on a 3-year window (1 year: 0.49, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PFN a good diversifier for EPRX?
Reasonably. At 0.44, EPRX and PFN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 mean?
A reading of 0.44 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/eprx-vs-pfn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eprx-vs-pfn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EPRX correlations · PFN correlations
