This paper analytically proves the equivalence between two main oscillator phase noise theories, which are based on the ISF, and Floquet vector, respectively. For this purpose, this study obtains the power spectral density matrix from the ISF-based phase noise theory. As a result, one can prove that the power spectral density matrix obtained from the ISF-based phase noise theory is essentially equivalent to the power spectral density matrix presented by the Floquet vector-based phase noise theory, which manifests the equivalence of the two main theories. This study is intended to provide deeper insight into the relations between the two main theories.