PHUN vs VBF: Correlation
How closely do Phunware, Inc. (PHUN) and Invesco Bond Fund (VBF) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHUN and VBF?
Across a 3-year window, the weekly returns of PHUN and VBF correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.44 versus -0.26 over 3 years. Stretching to 5 years gives 0.07, with an annualized covariance of -391.9 %².
VBF is close to the least connected end of PHUN's tracked universe, ranking #12 of 13. Correlation aside, the last 12 months split them widely, with VBF ahead by 20.8 points (-20.1% versus +0.7%). Risk is not evenly split, since PHUN carries 17.7 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.
PHUN vs VBF: side by side
| PHUN (Phunware, Inc.) | VBF (Invesco Bond Fund) | |
|---|---|---|
| 1-year return | -20.1% | +0.7% |
| 5-year return | -96.0% | -4.4% |
| Volatility (ann.) | 162.6% | 9.2% |
| Beta vs S&P 500 | 1.61 | 0.19 |
| Max drawdown (3Y) | -92.6% | -11.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 14.4 |
| Dividend yield | 0.00% | 5.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PHUN | VBF |
|---|---|---|
| 2022 | -70.6% | -17.8% |
| 2023 | -89.4% | +2.3% |
| 2024 | +26.8% | +7.0% |
| 2025 | -64.4% | +5.5% |
| 2026 | +14.1% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHUN and VBF good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PHUN and VBF?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with 0.44 over the last year and 0.07 over 5 years.
Is VBF a good diversifier for PHUN?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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-vbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/phun-vs-vbf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PHUN correlations · VBF correlations
