NIKI vs PHGE: Correlation
How closely do Niki BioSolutions, Inc. (NIKI) and BiomX Inc. (PHGE) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NIKI and PHGE?
Across a 3-year window, the weekly returns of NIKI and PHGE correlate at 0.39, moderate. The link has loosened recently: the 1-year correlation (0.09) runs below the 3-year figure (0.39). Stretching to 5 years gives 0.35, with an annualized covariance of 13160.1 %².
Among the 20 assets we track against NIKI, PHGE ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NIKI ahead by 32.2 points (-66.5% versus -98.7%). Note the risk asymmetry: NIKI runs 1.5 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.
NIKI vs PHGE: side by side
| NIKI (Niki BioSolutions, Inc.) | PHGE (BiomX Inc.) | |
|---|---|---|
| 1-year return | -66.5% | -98.7% |
| 5-year return | -97.1% | -100.0% |
| Volatility (ann.) | 227.3% | 147.0% |
| Beta vs S&P 500 | 0.93 | 0.33 |
| Max drawdown (3Y) | -94.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NIKI | PHGE |
|---|---|---|
| 2022 | -63.3% | -88.3% |
| 2023 | -55.5% | +49.7% |
| 2024 | +14.3% | -73.9% |
| 2025 | -62.1% | -86.5% |
| 2026 | -28.9% | -92.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NIKI and PHGE good diversifiers for each other?
Reasonably. At 0.39, NIKI and PHGE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between NIKI and PHGE?
Using weekly returns as of 2026-08-27: 0.39 over 3 years, with 0.09 over the last year and 0.35 over 5 years.
Is PHGE a good diversifier for NIKI?
Reasonably. At 0.39, NIKI and PHGE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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
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Related comparisons
Hubs: NIKI correlations · PHGE correlations
