PFX vs SWBI: Correlation
How closely do PhenixFIN Corporation (PFX) and Smith & Wesson Brands, Inc. (SWBI) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFX and SWBI?
Across a 3-year window, the weekly returns of PFX and SWBI correlate at -0.26, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.37) than the 3-year average (-0.26). Stretching to 5 years gives -0.13, with an annualized covariance of -238.8 %².
SWBI is close to the least connected end of PFX's tracked universe, ranking #14 of 18. Their recent paths diverged sharply: over the last 12 months SWBI outperformed by 58.5 percentage points (+7.9% for PFX against +66.4% for SWBI). Note the risk asymmetry: SWBI runs 1.7 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.
PFX vs SWBI: side by side
| PFX (PhenixFIN Corporation) | SWBI (Smith & Wesson Brands, Inc.) | |
|---|---|---|
| 1-year return | +7.9% | +66.4% |
| 5-year return | +36.0% | -34.9% |
| Volatility (ann.) | 22.8% | 39.8% |
| Beta vs S&P 500 | 0.08 | 0.30 |
| Max drawdown (3Y) | -29.6% | -54.2% |
| Market cap | $0.1B | $0.6B |
| P/E (trailing) | 22.7 | 32.7 |
| Dividend yield | 0.00% | 3.89% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFX | SWBI |
|---|---|---|
| 2022 | -25.5% | -49.6% |
| 2023 | +36.1% | +62.2% |
| 2024 | +23.3% | -22.5% |
| 2025 | -10.1% | +3.1% |
| 2026 | +19.6% | +34.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFX and SWBI good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between PFX and SWBI?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.37 over the last year and -0.13 over 5 years.
Is SWBI a good diversifier for PFX?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/pfx-vs-swbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pfx-vs-swbi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PFX correlations · SWBI correlations
