PFX vs. CION
PFX (PhenixFIN Corporation) and CION (CION Investment Corporation) are both stocks. Both operate in the Asset Management industry within the Financial Services sector. Over the past 3 years, PFX returned 6.86%/yr vs 1.14%/yr for CION. At a 0.08 correlation, their price movements are largely independent.
Performance
PFX vs. CION - Performance Comparison
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Returns By Period
In the year-to-date period, PFX achieves a -1.59% return, which is significantly higher than CION's -23.99% return.
PFX
- 1D
- -1.03%
- 1M
- -2.47%
- YTD
- -1.59%
- 6M
- -3.49%
- 1Y
- -12.65%
- 3Y*
- 6.86%
- 5Y*
- 1.94%
- 10Y*
- -7.02%
CION
- 1D
- -3.36%
- 1M
- 5.10%
- YTD
- -23.99%
- 6M
- -23.03%
- 1Y
- -14.77%
- 3Y*
- 1.14%
- 5Y*
- —
- 10Y*
- —
PFX vs. CION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PFX PhenixFIN Corporation | -1.59% | -10.14% | 23.30% | 36.06% | -25.52% | -2.51% |
CION CION Investment Corporation | -23.99% | -2.26% | 14.82% | 35.42% | -14.80% | 3.97% |
Correlation
The correlation between PFX and CION is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2021 | 0.08 |
Fundamentals
PFX:
$85.63M
CION:
$321.59M
PFX:
-$1.09
CION:
$0.67
PFX:
0.02
CION:
1.51
PFX:
0.00
CION:
27.36
PFX:
$4.15B
CION:
$217.31M
PFX:
$3.13B
CION:
$189.35M
PFX:
$2.35B
CION:
$112.53M
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Return for Risk
PFX vs. CION — Risk / Return Rank
PFX
CION
PFX vs. CION - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PhenixFIN Corporation (PFX) and CION Investment Corporation (CION). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PFX | CION | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.93 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.44 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.95 | -0.92 | -0.03 |
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Drawdowns
PFX vs. CION - Drawdown Comparison
The maximum PFX drawdown since its inception was -95.38%, which is greater than CION's maximum drawdown of -45.39%. Use the drawdown chart below to compare losses from any high point for PFX and CION.
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Drawdown Indicators
| PFX | CION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.38% | -45.39% | -49.99% |
Max Drawdown (1Y)Largest decline over 1 year | -24.38% | -33.39% | +9.01% |
Max Drawdown (3Y)Largest decline over 3 years | -29.57% | -37.62% | +8.05% |
Max Drawdown (5Y)Largest decline over 5 years | -29.57% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.31% | — | — |
Current DrawdownCurrent decline from peak | -69.47% | -32.51% | -36.96% |
Average DrawdownAverage peak-to-trough decline | -46.88% | -15.24% | -31.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.30% | 16.12% | -2.82% |
Volatility
PFX vs. CION - Volatility Comparison
The current volatility for PhenixFIN Corporation (PFX) is 9.07%, while CION Investment Corporation (CION) has a volatility of 12.27%. This indicates that PFX experiences smaller price fluctuations and is considered to be less risky than CION based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PFX | CION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.07% | 12.27% | -3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 28.55% | 24.70% | +3.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.96% | 28.99% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.19% | 29.97% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 29.97% | +20.29% |
Dividends
PFX vs. CION - Dividend Comparison
PFX's dividend yield for the trailing twelve months is around 0.17%, less than CION's 28.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CION CION Investment Corporation | 28.26% | 14.89% | 13.33% | 14.24% | 14.87% | 3.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PFX PhenixFIN Corporation | 0.17% | 3.24% | 2.59% | 0.00% | 0.39% | 0.00% | 0.00% | 4.72% | 17.29% | 13.41% | 13.85% | 15.96% |
Financials
PFX vs. CION - Financials Comparison
This section allows you to compare key financial metrics between PhenixFIN Corporation and CION Investment Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PFX vs. CION - Profitability Comparison
PFX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, PhenixFIN Corporation reported a gross profit of 3.12B and revenue of 4.13B. Therefore, the gross margin over that period was 75.4%.
CION - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CION Investment Corporation reported a gross profit of 0.00 and revenue of 49.54M. Therefore, the gross margin over that period was 0.0%.
PFX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PhenixFIN Corporation reported an operating income of 2.34B and revenue of 4.13B, resulting in an operating margin of 56.7%.
CION - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CION Investment Corporation reported an operating income of 0.00 and revenue of 49.54M, resulting in an operating margin of 0.0%.
PFX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PhenixFIN Corporation reported a net income of 0.00 and revenue of 4.13B, resulting in a net margin of 0.0%.
CION - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CION Investment Corporation reported a net income of 12.86M and revenue of 49.54M, resulting in a net margin of 26.0%.
Frequently Asked Questions
PFX and CION have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CION has higher volatility (12.27%) compared to PFX (9.07%). In terms of maximum drawdown, PFX dropped -95.38% vs CION's -45.39%.
PFX currently has the higher Sharpe Ratio (-0.40 vs -0.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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