BF.B vs PHI: Correlation
How closely do Brown–Forman (BF.B) and PLDT Inc. Sponsored ADR (PHI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BF.B and PHI?
Across a 3-year window, the weekly returns of BF.B and PHI correlate at 0.39, moderate. The link has tightened recently: the 1-year correlation (0.51) runs above the 3-year figure (0.39). Stretching to 5 years gives 0.29, with an annualized covariance of 319.5 %².
By 3-year correlation, PHI places #18 of the 36 assets tracked against BF.B. Their 12-month results are close: -7.4% for BF.B against -8.2% for PHI.
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.
BF.B vs PHI: side by side
| BF.B (Brown–Forman) | PHI (PLDT Inc. Sponsored ADR) | |
|---|---|---|
| 1-year return | -7.4% | -8.2% |
| 5-year return | -56.8% | -17.6% |
| Volatility (ann.) | 34.0% | 24.0% |
| Beta vs S&P 500 | 0.51 | 0.22 |
| Max drawdown (3Y) | -64.8% | -33.7% |
| Market cap | $12.5B | – |
| P/E (trailing) | 18.3 | 9.4 |
| Dividend yield | 3.26% | 494.13% |
| Sector / category | Consumer Staples | US Listed |
Year-by-year returns
| Year | BF.B | PHI |
|---|---|---|
| 2022 | -8.9% | -31.7% |
| 2023 | -11.9% | +11.9% |
| 2024 | -32.2% | +0.8% |
| 2025 | -29.3% | +1.5% |
| 2026 | +6.6% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BF.B and PHI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BF.B and PHI?
The BF.B/PHI correlation stands at 0.39 on a 3-year window (1 year: 0.51, 5 years: 0.29), computed from weekly returns as of 2026-08-27.
Is PHI a good diversifier for BF.B?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bf-b-vs-phi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bf-b-vs-phi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BF.B correlations · PHI correlations
