PFX vs ZD: Correlation
Measured on weekly returns over the past three years, PhenixFIN Corporation (PFX) and Ziff Davis, Inc. (ZD) carry a correlation of -0.28, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PFX and ZD?
On 3 years of weekly data the PFX/ZD correlation comes out at -0.28, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.40) runs below the 3-year figure (-0.28). The 5-year figure is -0.19, and annualized covariance runs at -334.7 %².
Among the 18 assets we track against PFX, ZD sits near the bottom by co-movement, at rank #17. The last year tells two different stories: ZD led by 39.8 percentage points, +7.9% for PFX against +47.7% for ZD. One caveat on sizing: ZD is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZD: side by side
| PFX (PhenixFIN Corporation) | ZD (Ziff Davis, Inc.) | |
|---|---|---|
| 1-year return | +7.9% | +47.7% |
| 5-year return | +36.0% | -53.5% |
| Volatility (ann.) | 22.8% | 52.4% |
| Beta vs S&P 500 | 0.08 | 1.08 |
| Max drawdown (3Y) | -29.6% | -62.6% |
| Market cap | $0.1B | $1.9B |
| P/E (trailing) | 22.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PFX | ZD |
|---|---|---|
| 2022 | -25.5% | -28.6% |
| 2023 | +36.1% | -15.1% |
| 2024 | +23.3% | -19.1% |
| 2025 | -10.1% | -35.3% |
| 2026 | +19.6% | +58.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PFX and ZD good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between PFX and ZD?
The PFX/ZD correlation stands at -0.28 on a 3-year window (1 year: -0.40, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is ZD a good diversifier for PFX?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
A reading of -0.28 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/pfx-vs-zd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pfx-vs-zd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PFX correlations · ZD correlations
