308 Polyxo is classified as a rare T-type asteroid, with a spectrum that bears some similarity to the Tagish Lake meteorite. A spectral feature at a wavelength of suggests aqueous alteration of some surface materials. Photometric measurements reported in 1983 give a rotation period of 12.03 hours and a brightness variation of 0.20 in magnitude. The adaptive optics instrument at the W. M. Keck Observatory shows an oblate object with a diameter of 130 km. The size ratio between the major and minor axes is 1.26 ± 0.11. Light curves for this object suggests it has a very irregular shape.
