CCEP vs PFX: Correlation
Measured on weekly returns over the past three years, Coca-Cola Europacific Partners plc (CCEP) and PhenixFIN Corporation (PFX) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEP and PFX?
On 3 years of weekly data the CCEP/PFX correlation comes out at 0.30, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.30 over 3. The 5-year figure is 0.23, and annualized covariance runs at 130.7 %².
Among the 17 assets we track against CCEP, PFX ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CCEP ahead by 16.6 points (+24.5% versus +7.9%).
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.
CCEP vs PFX: side by side
| CCEP (Coca-Cola Europacific Partners plc) | PFX (PhenixFIN Corporation) | |
|---|---|---|
| 1-year return | +24.5% | +7.9% |
| 5-year return | +115.3% | +36.0% |
| Volatility (ann.) | 19.3% | 22.8% |
| Beta vs S&P 500 | 0.39 | 0.08 |
| Max drawdown (3Y) | -18.2% | -29.6% |
| Market cap | $47.4B | $0.1B |
| P/E (trailing) | 21.0 | 22.7 |
| Dividend yield | 1.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CCEP | PFX |
|---|---|---|
| 2022 | +2.3% | -25.5% |
| 2023 | +24.5% | +36.1% |
| 2024 | +18.4% | +23.3% |
| 2025 | +21.2% | -10.1% |
| 2026 | +19.6% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEP and PFX good diversifiers for each other?
Reasonably. At 0.30, CCEP and PFX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CCEP and PFX?
The CCEP/PFX correlation stands at 0.30 on a 3-year window (1 year: 0.34, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is PFX a good diversifier for CCEP?
Reasonably. At 0.30, CCEP and PFX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
On the −1 to +1 scale, 0.30 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/ccep-vs-pfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccep-vs-pfx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CCEP correlations · PFX correlations
