Pimco Municipal Correlations

PML Fund

USD 8.80 0.02 0.23%

The current 90-days correlation between Pimco Municipal Income and Blackrock Muni Intermediate is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pimco Municipal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pimco Municipal Income moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pimco Municipal Correlation With Market

Average diversification

The correlation between Pimco Municipal Income and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pimco Municipal Income and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Pimco Municipal Income. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Pimco Fund

0.71	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.67	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.62	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.64	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Pimco Fund

0.51	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.45	DIS	Walt Disney	Pair Corr
0.44	GUT	Gabelli Utility Closed	Pair Corr
0.43	CLM	Cornerstone Strategic	Pair Corr
0.38	WMT	Walmart Aggressive Push	Pair Corr
0.36	CRF	Cornerstone Strategic	Pair Corr
0.36	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.35	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.33	BDJ	Blackrock Enhanced Equity	Pair Corr

Related Correlations Analysis

	MUI	MQY	MYI	DTF	MVT	MHD	MQT	MVF	KTF
MUI		0.26	0.12	0.21	0.12	0.26	0.1	0.26	0.6	MUI
MQY	0.26		0.95	-0.06	0.89	0.95	0.88	0.87	0.33	MQY
MYI	0.12	0.95		-0.03	0.92	0.96	0.92	0.92	0.31	MYI
DTF	0.21	-0.06	-0.03		0.07	0.04	-0.04	0.14	0.64	DTF
MVT	0.12	0.89	0.92	0.07		0.92	0.87	0.89	0.25	MVT
MHD	0.26	0.95	0.96	0.04	0.92		0.89	0.93	0.39	MHD
MQT	0.1	0.88	0.92	-0.04	0.87	0.89		0.86	0.23	MQT
MVF	0.26	0.87	0.92	0.14	0.89	0.93	0.86		0.47	MVF
KTF	0.6	0.33	0.31	0.64	0.25	0.39	0.23	0.47		KTF
	MUI	MQY	MYI	DTF	MVT	MHD	MQT	MVF	KTF

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MHD	+ 0.96	MYI
MYI	+ 0.95	MQY
MHD	+ 0.95	MQY
MVF	+ 0.93	MHD
MVT	+ 0.92	MYI
MQT	+ 0.92	MYI

High negative correlations

DTF	- 0.06	MQY
MQT	- 0.04	DTF
DTF	- 0.03	MYI

Risk-Adjusted Indicators

There is a big difference between Pimco Fund performing well and Pimco Municipal Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pimco Municipal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
MUI	0.30	0.04	(0.10)	0.64	0.46	(0.34)	0.73	(0.64)	3.31
MQY	0.44	0.03	(0.14)	(3.48)	0.57	(0.45)	0.98	(1.07)	2.74
MYI	0.42	0.02	(0.16)	(5.85)	0.51	(0.46)	1.12	(0.94)	2.59
DTF	0.23	0.01	(0.37)	0.00	0.25	(0.28)	0.54	(0.36)	1.96
MVT	0.48	0.02	(0.15)	(0.47)	0.57	(0.54)	1.17	(1.09)	2.79
MHD	0.51	0.05	(0.08)	(2.98)	0.74	(0.48)	1.12	(1.14)	3.11
MQT	0.45	0.01	(0.11)	0.17	0.58	(0.45)	0.95	(0.92)	2.73
MVF	0.52	0.04	(0.10)	(3.62)	0.64	(0.58)	0.95	(1.09)	2.81
KTF	0.45	0.07	(0.08)	(2.01)	0.47	(0.54)	1.12	(0.61)	3.40

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