KXIN vs PFL: Correlation
How closely do Kaixin Holdings (KXIN) and PIMCO Income Strategy Fund Shares of Beneficial Interest (PFL) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KXIN and PFL?
On 3 years of weekly data the KXIN/PFL correlation comes out at 0.38, moderate. The link has loosened recently: the 1-year correlation (0.02) runs below the 3-year figure (0.38). The 5-year figure is 0.29, and annualized covariance runs at 1247.6 %².
By 3-year correlation, PFL places #5 of the 15 assets tracked against KXIN. Their recent paths diverged sharply: over the last 12 months PFL outperformed by 100.6 percentage points (-99.5% for KXIN against +1.1% for PFL). Note the risk asymmetry: KXIN runs 22.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
KXIN vs PFL: side by side
| KXIN (Kaixin Holdings) | PFL (PIMCO Income Strategy Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -99.5% | +1.1% |
| 5-year return | -100.0% | +1.9% |
| Volatility (ann.) | 272.9% | 12.0% |
| Beta vs S&P 500 | 2.71 | 0.39 |
| Max drawdown (3Y) | -100.0% | -11.1% |
| Market cap | – | – |
| P/E (trailing) | – | 9.6 |
| Dividend yield | 0.00% | 12.86% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KXIN | PFL |
|---|---|---|
| 2022 | -74.3% | -18.0% |
| 2023 | -80.0% | +17.2% |
| 2024 | -97.1% | +11.4% |
| 2025 | -88.6% | +13.0% |
| 2026 | -98.1% | -2.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KXIN and PFL good diversifiers for each other?
Reasonably. At 0.38, KXIN and PFL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between KXIN and PFL?
The KXIN/PFL correlation stands at 0.38 on a 3-year window (1 year: 0.02, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is PFL a good diversifier for KXIN?
Reasonably. At 0.38, KXIN and PFL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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/kxin-vs-pfl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kxin-vs-pfl/)
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Related comparisons
Hubs: KXIN correlations · PFL correlations
