MAMO vs PSX: Correlation
Measured on weekly returns over the past three years, Massimo Group (MAMO) and Phillips 66 (PSX) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MAMO and PSX?
Over the past 3 years, MAMO and PSX moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.29) than the 3-year average (-0.18). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -541.1 %².
Among the 23 assets we track against MAMO, PSX ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PSX outperformed by 152.3 percentage points (-66.1% for MAMO against +86.2% for PSX). One caveat on sizing: MAMO is 2.6 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.
MAMO vs PSX: side by side
| MAMO (Massimo Group) | PSX (Phillips 66) | |
|---|---|---|
| 1-year return | -66.1% | +86.2% |
| 5-year return | n/a | +301.8% |
| Volatility (ann.) | 87.3% | 33.4% |
| Beta vs S&P 500 | 0.53 | 0.58 |
| Max drawdown (3Y) | -83.6% | -44.4% |
| Market cap | – | $96.1B |
| P/E (trailing) | 10.0 | 13.8 |
| Dividend yield | 0.00% | 2.04% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | MAMO | PSX |
|---|---|---|
| 2022 | – | +49.6% |
| 2023 | – | +33.1% |
| 2024 | – | -11.6% |
| 2025 | +54.9% | +17.5% |
| 2026 | -74.9% | +89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MAMO and PSX good diversifiers for each other?
Yes. With a correlation of -0.18, MAMO and PSX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MAMO and PSX?
As of 2026-08-27, the correlation of weekly returns between MAMO and PSX is -0.18 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is PSX a good diversifier for MAMO?
Yes. With a correlation of -0.18, MAMO and PSX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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/mamo-vs-psx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mamo-vs-psx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MAMO correlations · PSX correlations
