ESLT vs PFX: Correlation
How closely do Elbit Systems Ltd. (ESLT) and PhenixFIN Corporation (PFX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESLT and PFX?
Across a 3-year window, the weekly returns of ESLT and PFX correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.20 over 3. Stretching to 5 years gives -0.14, with an annualized covariance of -169.3 %².
PFX is close to the least connected end of ESLT's tracked universe, ranking #11 of 13. The last year tells two different stories: ESLT led by 40.6 percentage points, +48.5% for ESLT against +7.9% for PFX. One caveat on sizing: ESLT is 1.6 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.
ESLT vs PFX: side by side
| ESLT (Elbit Systems Ltd.) | PFX (PhenixFIN Corporation) | |
|---|---|---|
| 1-year return | +48.5% | +7.9% |
| 5-year return | +410.2% | +36.0% |
| Volatility (ann.) | 36.5% | 22.8% |
| Beta vs S&P 500 | 0.26 | 0.08 |
| Max drawdown (3Y) | -29.3% | -29.6% |
| Market cap | $33.7B | $0.1B |
| P/E (trailing) | 54.4 | 22.7 |
| Dividend yield | 0.52% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ESLT | PFX |
|---|---|---|
| 2022 | -4.8% | -25.5% |
| 2023 | +31.3% | +36.1% |
| 2024 | +22.2% | +23.3% |
| 2025 | +125.1% | -10.1% |
| 2026 | +24.7% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESLT and PFX good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ESLT and PFX?
The ESLT/PFX correlation stands at -0.20 on a 3-year window (1 year: -0.28, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is PFX a good diversifier for ESLT?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/eslt-vs-pfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eslt-vs-pfx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ESLT correlations · PFX correlations
