PSX vs SYPR: Correlation
Measured on weekly returns over the past three years, Phillips 66 (PSX) and Sypris Solutions, Inc. (SYPR) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSX and SYPR?
Across a 3-year window, the weekly returns of PSX and SYPR correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.20). Stretching to 5 years gives -0.03, with an annualized covariance of -400.8 %².
Out of 34 assets tracked against PSX, SYPR lands near the bottom at #32. Their recent paths diverged sharply: over the last 12 months PSX outperformed by 100.7 percentage points (+86.2% for PSX against -14.5% for SYPR). Risk is not evenly split, since SYPR carries 1.8 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.
PSX vs SYPR: side by side
| PSX (Phillips 66) | SYPR (Sypris Solutions, Inc.) | |
|---|---|---|
| 1-year return | +86.2% | -14.5% |
| 5-year return | +301.8% | -55.9% |
| Volatility (ann.) | 33.4% | 59.0% |
| Beta vs S&P 500 | 0.58 | 0.58 |
| Max drawdown (3Y) | -44.4% | -59.1% |
| Market cap | $96.1B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 2.04% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | PSX | SYPR |
|---|---|---|
| 2022 | +49.6% | -16.7% |
| 2023 | +33.1% | -1.0% |
| 2024 | -11.6% | -12.3% |
| 2025 | +17.5% | +37.1% |
| 2026 | +89.7% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSX and SYPR good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSX and SYPR?
As of 2026-08-27, the correlation of weekly returns between PSX and SYPR is -0.20 over 3 years, -0.31 over 1 year and -0.03 over 5 years.
Is SYPR a good diversifier for PSX?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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/psx-vs-sypr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psx-vs-sypr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSX correlations · SYPR correlations
