CF vs PSX: Correlation
CF Industries (CF) and Phillips 66 (PSX) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CF and PSX?
Over the past 3 years, CF and PSX moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 605.6 %².
Among the 50 assets we track against CF, PSX ranks #17 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PSX ahead by 37.6 points (+48.6% versus +86.2%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.40 and 0.63.
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.
CF vs PSX: side by side
| CF (CF Industries) | PSX (Phillips 66) | |
|---|---|---|
| 1-year return | +48.6% | +86.2% |
| 5-year return | +211.5% | +301.8% |
| Volatility (ann.) | 32.8% | 33.4% |
| Beta vs S&P 500 | -0.20 | 0.58 |
| Max drawdown (3Y) | -29.2% | -44.4% |
| Market cap | $19.0B | $96.1B |
| P/E (trailing) | 9.3 | 13.8 |
| Dividend yield | 1.59% | 2.04% |
| Sector / category | Materials | Energy |
Year-by-year returns
| Year | CF | PSX |
|---|---|---|
| 2022 | +22.3% | +49.6% |
| 2023 | -4.7% | +33.1% |
| 2024 | +10.1% | -11.6% |
| 2025 | -7.2% | +17.5% |
| 2026 | +64.9% | +89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CF and PSX good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CF and PSX?
The CF/PSX correlation stands at 0.55 on a 3-year window (1 year: 0.62, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is PSX a good diversifier for CF?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 mean?
A reading of 0.55 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cf-vs-psx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cf-vs-psx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CF correlations · PSX correlations
