PBF vs PSX: Correlation
Measured on weekly returns over the past three years, PBF Energy Inc. (PBF) and Phillips 66 (PSX) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBF and PSX?
Over the past 3 years, PBF and PSX moved with a correlation of 0.74, which is strong. The relationship has been stable: the 1-year correlation (0.77) sits close to the 3-year figure. Over 5 years the correlation is 0.69, and the annualized covariance of weekly returns is 1441.6 %².
Within PBF's tracked universe of 12 assets, PSX comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PBF ahead by 80.8 points (+167.0% versus +86.2%). Risk is not evenly split, since PBF carries 1.8 times the volatility of the other side.
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.
PBF vs PSX: side by side
| PBF (PBF Energy Inc.) | PSX (Phillips 66) | |
|---|---|---|
| 1-year return | +167.0% | +86.2% |
| 5-year return | +642.1% | +301.8% |
| Volatility (ann.) | 58.6% | 33.4% |
| Beta vs S&P 500 | 0.47 | 0.58 |
| Max drawdown (3Y) | -76.0% | -44.4% |
| Market cap | $8.1B | $96.1B |
| P/E (trailing) | 6.1 | 13.8 |
| Dividend yield | 1.58% | 2.04% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | PBF | PSX |
|---|---|---|
| 2022 | +215.8% | +49.6% |
| 2023 | +10.0% | +33.1% |
| 2024 | -38.0% | -11.6% |
| 2025 | +6.8% | +17.5% |
| 2026 | +157.6% | +89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBF and PSX good diversifiers for each other?
Only partially. A correlation of 0.74 means PBF and PSX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PBF and PSX?
The PBF/PSX correlation stands at 0.74 on a 3-year window (1 year: 0.77, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is PSX a good diversifier for PBF?
Only partially. A correlation of 0.74 means PBF and PSX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
A reading of 0.74 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/pbf-vs-psx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pbf-vs-psx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PBF correlations · PSX correlations
