FRNM vs PFX: Correlation
How closely do Freenome, Inc. (FRNM) and PhenixFIN Corporation (PFX) trade together? Their weekly returns over three years give a correlation of 0.35, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRNM and PFX?
On 3 years of weekly data the FRNM/PFX correlation comes out at 0.35, moderate. Recent behaviour matches the longer record: 0.38 over 1 year against 0.35 over 3. The 5-year figure is n/a, and annualized covariance runs at 179.6 %².
Within FRNM's tracked universe of 34 assets, PFX comes in at #7 by 3-year correlation. The last year tells two different stories: FRNM led by 24.4 percentage points, +32.3% for FRNM against +7.9% for PFX.
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.
FRNM vs PFX: side by side
| FRNM (Freenome, Inc.) | PFX (PhenixFIN Corporation) | |
|---|---|---|
| 1-year return | +32.3% | +7.9% |
| 5-year return | n/a | +36.0% |
| Volatility (ann.) | 21.1% | 22.8% |
| Beta vs S&P 500 | 0.03 | 0.08 |
| Max drawdown (3Y) | -29.6% | -29.6% |
| Market cap | $1.5B | $0.1B |
| P/E (trailing) | – | 22.7 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRNM | PFX |
|---|---|---|
| 2022 | – | -25.5% |
| 2023 | – | +36.1% |
| 2024 | – | +23.3% |
| 2025 | +28.0% | -10.1% |
| 2026 | +7.0% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRNM and PFX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FRNM and PFX?
Using weekly returns as of 2026-08-27: 0.35 over 3 years, with 0.38 over the last year and n/a over 5 years.
Is PFX a good diversifier for FRNM?
Yes, to a useful degree: a correlation of 0.35 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.35 mean?
A reading of 0.35 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/frnm-vs-pfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frnm-vs-pfx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRNM correlations · PFX correlations
