GSHD vs PHGE: Correlation
How closely do Goosehead Insurance, Inc. (GSHD) and BiomX Inc. (PHGE) trade together? Their weekly returns over three years give a correlation of -0.24, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GSHD and PHGE?
Over the past 3 years, GSHD and PHGE moved with a correlation of -0.24, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.24 over 3 years. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -1922.5 %².
Among the 15 assets we track against GSHD, PHGE sits near the bottom by co-movement, at rank #13. The last year tells two different stories: GSHD led by 80.2 percentage points, -18.5% for GSHD against -98.7% for PHGE. Note the risk asymmetry: PHGE runs 2.7 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.
GSHD vs PHGE: side by side
| GSHD (Goosehead Insurance, Inc.) | PHGE (BiomX Inc.) | |
|---|---|---|
| 1-year return | -18.5% | -98.7% |
| 5-year return | -47.2% | -100.0% |
| Volatility (ann.) | 55.1% | 147.0% |
| Beta vs S&P 500 | 0.42 | 0.33 |
| Max drawdown (3Y) | -72.2% | -99.9% |
| Market cap | $2.5B | – |
| P/E (trailing) | 51.4 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GSHD | PHGE |
|---|---|---|
| 2022 | -73.6% | -88.3% |
| 2023 | +120.7% | +49.7% |
| 2024 | +41.5% | -73.9% |
| 2025 | -27.4% | -86.5% |
| 2026 | -4.3% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GSHD and PHGE good diversifiers for each other?
Yes. With a correlation of -0.24, GSHD and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GSHD and PHGE?
Using weekly returns as of 2026-08-27: -0.24 over 3 years, with -0.42 over the last year and -0.04 over 5 years.
Is PHGE a good diversifier for GSHD?
Yes. With a correlation of -0.24, GSHD and PHGE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 mean?
On the −1 to +1 scale, -0.24 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/gshd-vs-phge.json
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[](https://www.pairbook.io/pair/gshd-vs-phge/)
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Related comparisons
Hubs: GSHD correlations · PHGE correlations
