PAPL vs PSX: Correlation
How closely do Pineapple Financial Inc. (PAPL) and Phillips 66 (PSX) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PAPL and PSX?
Across a 3-year window, the weekly returns of PAPL and PSX correlate at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.18) runs above the 3-year figure (-0.19). Stretching to 5 years gives n/a, with an annualized covariance of -1144.6 %².
By 3-year correlation, PSX places #23 of the 51 assets tracked against PAPL. Their recent paths diverged sharply: over the last 12 months PSX outperformed by 156.9 percentage points (-70.7% for PAPL against +86.2% for PSX). Note the risk asymmetry: PAPL runs 5.4 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.
PAPL vs PSX: side by side
| PAPL (Pineapple Financial Inc.) | PSX (Phillips 66) | |
|---|---|---|
| 1-year return | -70.7% | +86.2% |
| 5-year return | n/a | +301.8% |
| Volatility (ann.) | 181.2% | 33.4% |
| Beta vs S&P 500 | -0.73 | 0.58 |
| Max drawdown (3Y) | -99.4% | -44.4% |
| Market cap | – | $96.1B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.00% | 2.04% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | PAPL | PSX |
|---|---|---|
| 2022 | – | +49.6% |
| 2023 | – | +33.1% |
| 2024 | -74.7% | -11.6% |
| 2025 | -84.4% | +17.5% |
| 2026 | -25.5% | +89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PAPL and PSX good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PAPL and PSX?
The PAPL/PSX correlation stands at -0.19 on a 3-year window (1 year: 0.18, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is PSX a good diversifier for PAPL?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/papl-vs-psx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/papl-vs-psx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PAPL correlations · PSX correlations
