ACXP vs PHK: Correlation
Acurx Pharmaceuticals, Inc. (ACXP) and Pimco High Income Fund (PHK) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACXP and PHK?
Across a 3-year window, the weekly returns of ACXP and PHK correlate at -0.29, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.58 versus -0.29 over 3 years. Stretching to 5 years gives -0.16, with an annualized covariance of -590.2 %².
Out of 32 assets tracked against ACXP, PHK lands near the bottom at #29. Correlation aside, the last 12 months split them widely, with PHK ahead by 74.6 points (-70.0% versus +4.6%). One caveat on sizing: ACXP is 14.5 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.
ACXP vs PHK: side by side
| ACXP (Acurx Pharmaceuticals, Inc.) | PHK (Pimco High Income Fund) | |
|---|---|---|
| 1-year return | -70.0% | +4.6% |
| 5-year return | -98.5% | +18.6% |
| Volatility (ann.) | 170.6% | 11.8% |
| Beta vs S&P 500 | -0.66 | 0.36 |
| Max drawdown (3Y) | -98.8% | -14.5% |
| Market cap | – | – |
| P/E (trailing) | – | 9.0 |
| Dividend yield | 0.00% | 12.74% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACXP | PHK |
|---|---|---|
| 2022 | -7.9% | -14.4% |
| 2023 | -3.8% | +18.8% |
| 2024 | -78.7% | +9.5% |
| 2025 | -84.7% | +12.6% |
| 2026 | -41.4% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACXP and PHK good diversifiers for each other?
Yes. With a correlation of -0.29, ACXP and PHK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ACXP and PHK?
As of 2026-08-27, the correlation of weekly returns between ACXP and PHK is -0.29 over 3 years, -0.58 over 1 year and -0.16 over 5 years.
Is PHK a good diversifier for ACXP?
Yes. With a correlation of -0.29, ACXP and PHK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.29 mean?
A reading of -0.29 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ACXP correlations · PHK correlations
