PCM vs PDI: Correlation
Measured on weekly returns over the past three years, PCM Fund, Inc. (PCM) and PIMCO Dynamic Income Fund (PDI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PCM and PDI?
Over the past 3 years, PCM and PDI moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.61) sits close to the 3-year figure. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 148.3 %².
Among the 11 assets we track against PCM, PDI ranks #4 by 3-year correlation. Their 12-month results are close: -2.9% for PCM against -7.6% for PDI.
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.
PCM vs PDI: side by side
| PCM (PCM Fund, Inc.) | PDI (PIMCO Dynamic Income Fund) | |
|---|---|---|
| 1-year return | -2.9% | -7.6% |
| 5-year return | -19.9% | +11.0% |
| Volatility (ann.) | 19.0% | 14.3% |
| Beta vs S&P 500 | 0.46 | 0.52 |
| Max drawdown (3Y) | -27.1% | -14.4% |
| Market cap | – | $7.1B |
| P/E (trailing) | 9.6 | 7.5 |
| Dividend yield | 14.25% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PCM | PDI |
|---|---|---|
| 2022 | -19.7% | -17.0% |
| 2023 | +12.4% | +12.0% |
| 2024 | +8.8% | +17.2% |
| 2025 | -10.1% | +11.1% |
| 2026 | -4.0% | -3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PCM and PDI good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between PCM and PDI?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.61 over the last year and 0.58 over 5 years.
Is PDI a good diversifier for PCM?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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/pcm-vs-pdi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pcm-vs-pdi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PCM correlations · PDI correlations
