PHUN vs SEZL: Correlation
Measured on weekly returns over the past three years, Phunware, Inc. (PHUN) and Sezzle Inc. (SEZL) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHUN and SEZL?
On 3 years of weekly data the PHUN/SEZL correlation comes out at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.44 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 9380.4 %².
SEZL is one of the assets that tracks PHUN most closely: it ranks #3 out of the 13 assets we track against PHUN. Correlation aside, the last 12 months split them widely, with SEZL ahead by 55.8 points (-20.1% versus +35.7%).
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.
PHUN vs SEZL: side by side
| PHUN (Phunware, Inc.) | SEZL (Sezzle Inc.) | |
|---|---|---|
| 1-year return | -20.1% | +35.7% |
| 5-year return | -96.0% | n/a |
| Volatility (ann.) | 162.6% | 139.3% |
| Beta vs S&P 500 | 1.61 | 3.39 |
| Max drawdown (3Y) | -92.6% | -90.0% |
| Market cap | – | $4.2B |
| P/E (trailing) | – | 27.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHUN | SEZL |
|---|---|---|
| 2022 | -70.6% | – |
| 2023 | -89.4% | – |
| 2024 | +26.8% | +1146.6% |
| 2025 | -64.4% | +48.9% |
| 2026 | +14.1% | +98.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHUN and SEZL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PHUN and SEZL?
As of 2026-08-27, the correlation of weekly returns between PHUN and SEZL is 0.41 over 3 years, 0.44 over 1 year and n/a over 5 years.
Is SEZL a good diversifier for PHUN?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/phun-vs-sezl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/phun-vs-sezl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PHUN correlations · SEZL correlations
