PHGE vs SOLV: Correlation
BiomX Inc. (PHGE) and Solventum (SOLV) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHGE and SOLV?
Across a 3-year window, the weekly returns of PHGE and SOLV correlate at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.29 over 1 year against -0.20 over 3. Stretching to 5 years gives n/a, with an annualized covariance of -840.5 %².
By 3-year correlation, SOLV places #14 of the 21 assets tracked against PHGE. Correlation aside, the last 12 months split them widely, with SOLV ahead by 123.4 points (-98.7% versus +24.7%). Risk is not evenly split, since PHGE carries 4.8 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.
PHGE vs SOLV: side by side
| PHGE (BiomX Inc.) | SOLV (Solventum) | |
|---|---|---|
| 1-year return | -98.7% | +24.7% |
| 5-year return | -100.0% | n/a |
| Volatility (ann.) | 147.0% | 30.4% |
| Beta vs S&P 500 | 0.33 | 0.62 |
| Max drawdown (3Y) | -99.9% | -40.0% |
| Market cap | – | $15.5B |
| P/E (trailing) | – | 11.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | PHGE | SOLV |
|---|---|---|
| 2022 | -88.3% | – |
| 2023 | +49.7% | – |
| 2024 | -73.9% | – |
| 2025 | -86.5% | +20.0% |
| 2026 | -92.9% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHGE and SOLV good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PHGE and SOLV?
The PHGE/SOLV correlation stands at -0.20 on a 3-year window (1 year: -0.29, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SOLV a good diversifier for PHGE?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 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/phge-vs-solv.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phge-vs-solv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PHGE correlations · SOLV correlations
