BXP vs PHGE: Correlation
How closely do BXP, Inc. (BXP) and BiomX Inc. (PHGE) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BXP and PHGE?
Over the past 3 years, BXP and PHGE moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.03, and the annualized covariance of weekly returns is -864.3 %².
Out of 45 assets tracked against BXP, PHGE lands near the bottom at #42. Their recent paths diverged sharply: over the last 12 months BXP outperformed by 101.6 percentage points (+2.9% for BXP against -98.7% for PHGE). One caveat on sizing: PHGE is 4.4 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.
BXP vs PHGE: side by side
| BXP (BXP, Inc.) | PHGE (BiomX Inc.) | |
|---|---|---|
| 1-year return | +2.9% | -98.7% |
| 5-year return | -18.9% | -100.0% |
| Volatility (ann.) | 33.1% | 147.0% |
| Beta vs S&P 500 | 1.02 | 0.33 |
| Max drawdown (3Y) | -39.0% | -99.9% |
| Market cap | $12.7B | – |
| P/E (trailing) | 37.8 | – |
| Dividend yield | 3.98% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | BXP | PHGE |
|---|---|---|
| 2022 | -38.6% | -88.3% |
| 2023 | +11.0% | +49.7% |
| 2024 | +12.3% | -73.9% |
| 2025 | -4.7% | -86.5% |
| 2026 | +6.2% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BXP and PHGE good diversifiers for each other?
Yes. With a correlation of -0.18, BXP and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BXP and PHGE?
The BXP/PHGE correlation stands at -0.18 on a 3-year window (1 year: -0.43, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is PHGE a good diversifier for BXP?
Yes. With a correlation of -0.18, BXP and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 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/bxp-vs-phge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bxp-vs-phge/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BXP correlations · PHGE correlations
