PHILLIPS 66 (PSX) — Stock Correlations & Overview
Over the past year, PSX has moved most closely with MPC, VLO, NRGU. Explore the stocks most correlated and inversely correlated with PSX below, along with its price, financials, and company profile.
Stocks correlated with PSX
Correlation of daily returns. Higher positive values move with PSX; negative values move opposite it. Informational only, not investment advice.
Most correlated with PSX
| Symbol | Company | Correlation |
|---|---|---|
| MPC | MARATHON PETROLEUM CORPORATIONPETROLEUM REFINING | 0.85 |
| VLO | Valero Energy CorporationPETROLEUM REFINING | 0.83 |
| NRGU | MicroSectors U.S. Big Oil 3x Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | 0.81 |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 0.79 |
| WTIU | MicroSectors Energy 3x Leveraged ETNsCOMMERCIAL BANKS, NEC | 0.77 |
Most inversely correlated with PSX
| Symbol | Company | Correlation |
|---|---|---|
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.81 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.78 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.77 |
| DUG | ProShares UltraShort Energy | -0.76 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.74 |
Frequently asked questions about PSX correlations
- Which stocks are most correlated with PSX?
- Based on one year of daily returns, the stocks most correlated with PHILLIPS 66 (PSX) are MPC (0.85), VLO (0.83) and NRGU (0.81). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PSX?
- Over the past year, the stocks most inversely correlated with PHILLIPS 66 (PSX) are NRGD (-0.81), WTID (-0.78) and ERY (-0.77). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PSX correlations calculated?
- We compute the correlation of daily returns between PSX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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