CLYM vs PHG: Correlation
Measured on weekly returns over the past three years, Climb Bio, Inc. (CLYM) and Koninklijke Philips N.V. NY Registry Shares (PHG) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLYM and PHG?
Across a 3-year window, the weekly returns of CLYM and PHG correlate at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 1906.2 %².
In CLYM's tracked universe of 12 assets, PHG sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months CLYM outperformed by 558.1 percentage points (+559.1% for CLYM against +1.0% for PHG). Note the risk asymmetry: CLYM runs 4.0 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.
CLYM vs PHG: side by side
| CLYM (Climb Bio, Inc.) | PHG (Koninklijke Philips N.V. NY Registry Shares) | |
|---|---|---|
| 1-year return | +559.1% | +1.0% |
| 5-year return | -46.2% | -32.8% |
| Volatility (ann.) | 132.2% | 33.4% |
| Beta vs S&P 500 | 1.11 | 0.92 |
| Max drawdown (3Y) | -88.9% | -33.8% |
| Market cap | $0.9B | $26.3B |
| P/E (trailing) | – | 20.2 |
| Dividend yield | 0.00% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLYM | PHG |
|---|---|---|
| 2022 | -64.9% | -57.6% |
| 2023 | -26.4% | +55.6% |
| 2024 | -33.3% | +8.5% |
| 2025 | +122.2% | +11.2% |
| 2026 | +276.5% | +3.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLYM and PHG good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CLYM and PHG?
The CLYM/PHG correlation stands at 0.43 on a 3-year window (1 year: 0.34, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is PHG a good diversifier for CLYM?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 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.
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Related comparisons
Hubs: CLYM correlations · PHG correlations
