PHR vs TREE: Correlation
How closely do Phreesia, Inc. (PHR) and LendingTree, Inc. (TREE) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHR and TREE?
Over the past 3 years, PHR and TREE moved with a correlation of 0.51, which is moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.51). Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 2225.4 %².
In PHR's tracked universe of 13 assets, TREE sits right near the top at #2. Neither side won the trailing year by much: -62.9% against -58.2%.
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 TREE: side by side
| PHR (Phreesia, Inc.) | TREE (LendingTree, Inc.) | |
|---|---|---|
| 1-year return | -62.9% | -58.2% |
| 5-year return | -83.5% | -83.0% |
| Volatility (ann.) | 57.6% | 76.1% |
| Beta vs S&P 500 | 1.57 | 1.99 |
| Max drawdown (3Y) | -75.2% | -63.0% |
| Market cap | $0.7B | $0.4B |
| P/E (trailing) | 74.1 | 2.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHR | TREE |
|---|---|---|
| 2022 | -22.3% | -82.6% |
| 2023 | -28.5% | +42.1% |
| 2024 | +8.7% | +27.8% |
| 2025 | -32.8% | +37.0% |
| 2026 | -29.9% | -46.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHR and TREE good diversifiers for each other?
Only partially. A correlation of 0.51 means PHR and TREE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PHR and TREE?
The PHR/TREE correlation stands at 0.51 on a 3-year window (1 year: 0.32, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is TREE a good diversifier for PHR?
Only partially. A correlation of 0.51 means PHR and TREE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.51 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-tree.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phr-vs-tree/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PHR correlations · TREE correlations
