PHR vs PODD: Correlation
Measured on weekly returns over the past three years, Phreesia, Inc. (PHR) and Insulet Corporation (PODD) carry a correlation of 0.45, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHR and PODD?
Across a 3-year window, the weekly returns of PHR and PODD correlate at 0.45, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.07 versus 0.45 over 3 years. Stretching to 5 years gives 0.45, with an annualized covariance of 997.8 %².
By 3-year correlation, PODD places #6 of the 13 assets tracked against PHR. On 12-month performance PODD holds a 5.8-point edge, -62.9% against -57.1%.
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.
PHR vs PODD: side by side
| PHR (Phreesia, Inc.) | PODD (Insulet Corporation) | |
|---|---|---|
| 1-year return | -62.9% | -57.1% |
| 5-year return | -83.5% | -51.6% |
| Volatility (ann.) | 57.6% | 38.9% |
| Beta vs S&P 500 | 1.57 | 0.67 |
| Max drawdown (3Y) | -75.2% | -62.2% |
| Market cap | $0.7B | $9.9B |
| P/E (trailing) | 74.1 | 26.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | PHR | PODD |
|---|---|---|
| 2022 | -22.3% | +10.6% |
| 2023 | -28.5% | -26.3% |
| 2024 | +8.7% | +20.3% |
| 2025 | -32.8% | +8.9% |
| 2026 | -29.9% | -49.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHR and PODD good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PHR and PODD?
The PHR/PODD correlation stands at 0.45 on a 3-year window (1 year: 0.07, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is PODD a good diversifier for PHR?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/phr-vs-podd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/phr-vs-podd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PHR correlations · PODD correlations
