OXSQ vs PFX: Correlation
Oxford Square Capital Corp. - Closed End Fund (OXSQ) and PhenixFIN Corporation (PFX) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXSQ and PFX?
On 3 years of weekly data the OXSQ/PFX correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.38 lands near the 3-year figure. The 5-year figure is -0.13, and annualized covariance runs at -166.2 %².
Within OXSQ's tracked universe of 20 assets, PFX comes in at #14 by 3-year correlation. The last year tells two different stories: PFX led by 28.8 percentage points, -20.9% for OXSQ against +7.9% for PFX.
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.
OXSQ vs PFX: side by side
| OXSQ (Oxford Square Capital Corp. - Closed End Fund) | PFX (PhenixFIN Corporation) | |
|---|---|---|
| 1-year return | -20.9% | +7.9% |
| 5-year return | -29.3% | +36.0% |
| Volatility (ann.) | 26.1% | 22.8% |
| Beta vs S&P 500 | 0.39 | 0.08 |
| Max drawdown (3Y) | -46.0% | -29.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 22.7 |
| Dividend yield | 31.11% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OXSQ | PFX |
|---|---|---|
| 2022 | -14.4% | -25.5% |
| 2023 | +9.2% | +36.1% |
| 2024 | -1.9% | +23.3% |
| 2025 | -13.3% | -10.1% |
| 2026 | -8.5% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXSQ and PFX good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between OXSQ and PFX?
Using weekly returns as of 2026-08-27: -0.28 over 3 years, with -0.38 over the last year and -0.13 over 5 years.
Is PFX a good diversifier for OXSQ?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/oxsq-vs-pfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/oxsq-vs-pfx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OXSQ correlations · PFX correlations
