MFIN vs PFN: Correlation
How closely do Medallion Financial Corp. (MFIN) and PIMCO Income Strategy Fund II (PFN) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MFIN and PFN?
Over the past 3 years, MFIN and PFN moved with a correlation of 0.53, which is moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.53). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 209.4 %².
In MFIN's tracked universe of 14 assets, PFN sits right near the top at #3. On 12-month performance MFIN holds a 14.3-point edge, +18.4% against +4.1%. Note the risk asymmetry: MFIN runs 2.6 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.
MFIN vs PFN: side by side
| MFIN (Medallion Financial Corp.) | PFN (PIMCO Income Strategy Fund II) | |
|---|---|---|
| 1-year return | +18.4% | +4.1% |
| 5-year return | +74.5% | +9.3% |
| Volatility (ann.) | 32.3% | 12.2% |
| Beta vs S&P 500 | 0.90 | 0.40 |
| Max drawdown (3Y) | -30.8% | -11.1% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | 8.8 | 13.4 |
| Dividend yield | 4.27% | 12.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MFIN | PFN |
|---|---|---|
| 2022 | +28.4% | -17.6% |
| 2023 | +44.0% | +15.5% |
| 2024 | +0.1% | +15.8% |
| 2025 | +15.1% | +13.1% |
| 2026 | +19.5% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MFIN and PFN good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MFIN and PFN?
As of 2026-08-27, the correlation of weekly returns between MFIN and PFN is 0.53 over 3 years, 0.40 over 1 year and 0.41 over 5 years.
Is PFN a good diversifier for MFIN?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/mfin-vs-pfn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mfin-vs-pfn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MFIN correlations · PFN correlations
