AISP vs PHGE: Correlation
Airship AI Holdings, Inc (AISP) and BiomX Inc. (PHGE) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AISP and PHGE?
On 3 years of weekly data the AISP/PHGE correlation comes out at 0.40, moderate. The past 12 months show a weaker link (0.11) than the 3-year average (0.40). The 5-year figure is 0.36, and annualized covariance runs at 13768.5 %².
Within AISP's tracked universe of 29 assets, PHGE comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AISP outperformed by 45.7 percentage points (-53.0% for AISP against -98.7% for PHGE). Note the risk asymmetry: AISP runs 1.6 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.
AISP vs PHGE: side by side
| AISP (Airship AI Holdings, Inc) | PHGE (BiomX Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -98.7% |
| 5-year return | -77.4% | -100.0% |
| Volatility (ann.) | 233.1% | 147.0% |
| Beta vs S&P 500 | 1.24 | 0.33 |
| Max drawdown (3Y) | -87.4% | -99.9% |
| Market cap | $0.1B | – |
| P/E (trailing) | 3.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AISP | PHGE |
|---|---|---|
| 2022 | +3.0% | -88.3% |
| 2023 | -83.1% | +49.7% |
| 2024 | +268.2% | -73.9% |
| 2025 | -53.8% | -86.5% |
| 2026 | -24.6% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AISP and PHGE good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AISP and PHGE?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.11 over the last year and 0.36 over 5 years.
Is PHGE a good diversifier for AISP?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/aisp-vs-phge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aisp-vs-phge/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AISP correlations · PHGE correlations
