JZXN vs PHIO: Correlation
How closely do Jiuzi Holdings, Inc. (JZXN) and Phio Pharmaceuticals Corp. (PHIO) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JZXN and PHIO?
Over the past 3 years, JZXN and PHIO moved with a correlation of 0.28, which is weak. The link has loosened recently: the 1-year correlation (0.10) runs below the 3-year figure (0.28). Over 5 years the correlation is 0.16, and the annualized covariance of weekly returns is 5439.9 %².
Within JZXN's tracked universe of 10 assets, PHIO comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PHIO ahead by 51.8 points (-96.6% versus -44.8%). One caveat on sizing: JZXN is 1.5 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.
JZXN vs PHIO: side by side
| JZXN (Jiuzi Holdings, Inc.) | PHIO (Phio Pharmaceuticals Corp.) | |
|---|---|---|
| 1-year return | -96.6% | -44.8% |
| 5-year return | -100.0% | -99.5% |
| Volatility (ann.) | 171.7% | 113.9% |
| Beta vs S&P 500 | 2.26 | 1.91 |
| Max drawdown (3Y) | -100.0% | -96.3% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JZXN | PHIO |
|---|---|---|
| 2022 | -92.0% | -62.8% |
| 2023 | -58.7% | -83.0% |
| 2024 | -87.7% | -73.7% |
| 2025 | -96.9% | -41.7% |
| 2026 | -34.7% | +6.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JZXN and PHIO good diversifiers for each other?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between JZXN and PHIO?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.10 over the last year and 0.16 over 5 years.
Is PHIO a good diversifier for JZXN?
A fair diversifier. At 0.28, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.28 mean?
On the −1 to +1 scale, 0.28 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.
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Related comparisons
Hubs: JZXN correlations · PHIO correlations
