PHGE vs WCN: Correlation
Measured on weekly returns over the past three years, BiomX Inc. (PHGE) and Waste Connections, Inc. (WCN) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHGE and WCN?
Across a 3-year window, the weekly returns of PHGE and WCN correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.21). Stretching to 5 years gives -0.09, with an annualized covariance of -562.1 %².
Among the 21 assets we track against PHGE, WCN ranks #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months WCN outperformed by 89.7 percentage points (-98.7% for PHGE against -9.0% for WCN). Note the risk asymmetry: PHGE runs 8.1 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.
PHGE vs WCN: side by side
| PHGE (BiomX Inc.) | WCN (Waste Connections, Inc.) | |
|---|---|---|
| 1-year return | -98.7% | -9.0% |
| 5-year return | -100.0% | +33.1% |
| Volatility (ann.) | 147.0% | 18.2% |
| Beta vs S&P 500 | 0.33 | 0.23 |
| Max drawdown (3Y) | -99.9% | -24.9% |
| Market cap | – | $41.7B |
| P/E (trailing) | – | 40.3 |
| Dividend yield | 0.00% | 0.82% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHGE | WCN |
|---|---|---|
| 2022 | -88.3% | -2.0% |
| 2023 | +49.7% | +13.5% |
| 2024 | -73.9% | +15.7% |
| 2025 | -86.5% | +2.7% |
| 2026 | -92.9% | -4.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHGE and WCN good diversifiers for each other?
Yes. With a correlation of -0.21, PHGE and WCN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PHGE and WCN?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.34 over the last year and -0.09 over 5 years.
Is WCN a good diversifier for PHGE?
Yes. With a correlation of -0.21, PHGE and WCN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: PHGE correlations · WCN correlations
