CNH vs PHI: Correlation
CNH Industrial N.V. (CNH) and PLDT Inc. Sponsored ADR (PHI) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNH and PHI?
On 3 years of weekly data the CNH/PHI correlation comes out at 0.36, moderate. The relationship has been stable: the 1-year correlation (0.42) sits close to the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 288.8 %².
By 3-year correlation, PHI places #10 of the 15 assets tracked against CNH. Their 12-month results are close: -4.4% for CNH 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.
CNH vs PHI: side by side
| CNH (CNH Industrial N.V.) | PHI (PLDT Inc. Sponsored ADR) | |
|---|---|---|
| 1-year return | -4.4% | -8.2% |
| 5-year return | -12.0% | -17.6% |
| Volatility (ann.) | 33.5% | 24.0% |
| Beta vs S&P 500 | 0.73 | 0.22 |
| Max drawdown (3Y) | -33.2% | -33.7% |
| Market cap | $18.4B | – |
| P/E (trailing) | 45.7 | 9.4 |
| Dividend yield | 0.86% | 494.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNH | PHI |
|---|---|---|
| 2022 | -3.2% | -31.7% |
| 2023 | -22.0% | +11.9% |
| 2024 | -3.1% | +0.8% |
| 2025 | -17.1% | +1.5% |
| 2026 | +25.2% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNH and PHI good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CNH and PHI?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.42 over the last year and 0.28 over 5 years.
Is PHI a good diversifier for CNH?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/cnh-vs-phi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cnh-vs-phi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNH correlations · PHI correlations
