FTV vs PHGE: Correlation
Fortive (FTV) and BiomX Inc. (PHGE) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTV and PHGE?
Across a 3-year window, the weekly returns of FTV and PHGE correlate at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.45 versus -0.17 over 3 years. Stretching to 5 years gives -0.04, with an annualized covariance of -587.9 %².
Within FTV's tracked universe of 36 assets, PHGE comes in at #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FTV ahead by 122.6 points (+23.9% versus -98.7%). Risk is not evenly split, since PHGE carries 6.2 times the volatility of the other side.
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.
FTV vs PHGE: side by side
| FTV (Fortive) | PHGE (BiomX Inc.) | |
|---|---|---|
| 1-year return | +23.9% | -98.7% |
| 5-year return | +9.6% | -100.0% |
| Volatility (ann.) | 23.8% | 147.0% |
| Beta vs S&P 500 | 0.92 | 0.33 |
| Max drawdown (3Y) | -28.0% | -99.9% |
| Market cap | $18.1B | – |
| P/E (trailing) | 31.9 | – |
| Dividend yield | 0.20% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | FTV | PHGE |
|---|---|---|
| 2022 | -15.4% | -88.3% |
| 2023 | +15.1% | +49.7% |
| 2024 | +2.3% | -73.9% |
| 2025 | -1.9% | -86.5% |
| 2026 | +8.8% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTV and PHGE good diversifiers for each other?
Yes. With a correlation of -0.17, FTV and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FTV and PHGE?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.45 over the last year and -0.04 over 5 years.
Is PHGE a good diversifier for FTV?
Yes. With a correlation of -0.17, FTV and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.17 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/ftv-vs-phge.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ftv-vs-phge/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTV correlations · PHGE correlations
