PDI vs RCS: Correlation
How closely do PIMCO Dynamic Income Fund (PDI) and PIMCO Strategic Income Fund, Inc. (RCS) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PDI and RCS?
Across a 3-year window, the weekly returns of PDI and RCS correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.50, with an annualized covariance of 185.0 %².
Among the 13 assets we track against PDI, RCS sits near the bottom by co-movement, at rank #9. The trailing year gives PDI the advantage: -7.6% versus -20.8%, a 13.2-point spread. One caveat on sizing: RCS is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PDI vs RCS: side by side
| PDI (PIMCO Dynamic Income Fund) | RCS (PIMCO Strategic Income Fund, Inc.) | |
|---|---|---|
| 1-year return | -7.6% | -20.8% |
| 5-year return | +11.0% | +5.4% |
| Volatility (ann.) | 14.3% | 27.0% |
| Beta vs S&P 500 | 0.52 | 0.77 |
| Max drawdown (3Y) | -14.4% | -32.9% |
| Market cap | $7.1B | $0.2B |
| P/E (trailing) | 7.5 | 6.9 |
| Dividend yield | 0.00% | 9.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PDI | RCS |
|---|---|---|
| 2022 | -17.0% | -19.5% |
| 2023 | +12.0% | +37.6% |
| 2024 | +17.2% | +37.5% |
| 2025 | +11.1% | -21.5% |
| 2026 | -3.2% | +0.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PDI and RCS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PDI and RCS?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.43 over the last year and 0.50 over 5 years.
Is RCS a good diversifier for PDI?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/pdi-vs-rcs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pdi-vs-rcs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PDI correlations · RCS correlations
