PHNX.L vs. AV.L

Last updated Apr 2, 2026

Compare and contrast key facts about Phoenix Group Holdings PLC (PHNX.L) and Aviva plc (AV.L).

Performance

PHNX.L vs. AV.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Phoenix Group Holdings PLC (PHNX.L) and Aviva plc (AV.L). The values are adjusted to include any dividend payments, if applicable.

PHNX.L vs. AV.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PHNX.L Phoenix Group Holdings PLC	4.07%	44.64%	-0.56%	-11.98%	-0.38%	-1.13%	-0.59%	36.82%	-15.42%	12.33%
AV.L Aviva plc	-5.60%	56.31%	15.75%	6.36%	16.85%	35.20%	-17.94%	23.37%	-19.90%	10.95%

Fundamentals

Market Cap PHNX.L : £7.68B AV.L : £23.17B
EPS PHNX.L : -£1.54 AV.L : £0.49
PS Ratio PHNX.L : 0.16 AV.L : 0.25
PB Ratio PHNX.L : 31.48 AV.L : 2.39
Total Revenue (TTM) PHNX.L : £47.56B AV.L : £80.81B
Gross Profit (TTM) PHNX.L : £49.72B AV.L : £84.57B
EBITDA (TTM) PHNX.L : -£530.00M AV.L : £2.85B

Returns By Period

PHNX.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AV.L

• 1D: 3.10%
• 1M: -5.12%
• YTD: -5.60%
• 6M: -6.47%
• 1Y: 23.84%
• 3Y*: 23.68%
• 5Y*: 17.93%
• 10Y*: 11.56%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PHNX.L vs. AV.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AV.L

AV.L Risk / Return Rank: 72
AV.L Sharpe Ratio Rank: 74
AV.L Sortino Ratio Rank: 64
AV.L Omega Ratio Rank: 68
AV.L Calmar Ratio Rank: 76
AV.L Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PHNX.L vs. AV.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Phoenix Group Holdings PLC (PHNX.L) and Aviva plc (AV.L). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PHNX.L	AV.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.04	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.81	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.00	—

Correlation

The correlation between PHNX.L and AV.L is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PHNX.L vs. AV.L - Dividend Comparison

PHNX.L's dividend yield for the trailing twelve months is around 0.07%, less than AV.L's 10.19% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PHNX.L Phoenix Group Holdings PLC	0.07%	0.07%	4.44%	0.10%	6.83%	6.19%	5.59%	2.65%	6.71%	5.26%	5.17%	2.47%
AV.L Aviva plc	10.19%	5.39%	7.30%	7.32%	6.69%	6.93%	5.32%	9.62%	10.02%	6.38%	5.88%	4.90%

Drawdowns

Drawdown Indicators

	PHNX.L	AV.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-99.99%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.28%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.61%	—
Current Drawdown Current decline from peak	—	-6.71%	—
Average Drawdown Average peak-to-trough decline	—	-11.10%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.70%	—

Volatility

Volatility by Period

	PHNX.L	AV.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.48%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.80%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	22.23%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.89%	—

Financials

PHNX.L vs. AV.L - Profitability Comparison

The chart below illustrates the profitability comparison between Phoenix Group Holdings PLC and Aviva plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PHNX.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Phoenix Group Holdings PLC reported a gross profit of 26.14B and revenue of 26.14B. Therefore, the gross margin over that period was 100.0%.

AV.L - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Aviva plc reported a gross profit of 38.52B and revenue of 38.52B. Therefore, the gross margin over that period was 100.0%.

PHNX.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Phoenix Group Holdings PLC reported an operating income of 12.00M and revenue of 26.14B, resulting in an operating margin of 0.1%.

AV.L - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Aviva plc reported an operating income of 576.00M and revenue of 38.52B, resulting in an operating margin of 1.5%.

PHNX.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Phoenix Group Holdings PLC reported a net income of -275.00M and revenue of 26.14B, resulting in a net margin of -1.1%.

AV.L - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Aviva plc reported a net income of 226.00M and revenue of 38.52B, resulting in a net margin of 0.6%.