CRDO vs PSQH: Correlation
How closely do Credo Technology Group Holding Ltd (CRDO) and PSQ Holdings, Inc. (PSQH) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRDO and PSQH?
Across a 3-year window, the weekly returns of CRDO and PSQH correlate at 0.49, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. Stretching to 5 years gives 0.30, with an annualized covariance of 4120.0 %².
Among the 20 assets we track against CRDO, PSQH ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CRDO outperformed by 170.2 percentage points (+95.7% for CRDO against -74.5% for PSQH).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CRDO vs PSQH: side by side
| CRDO (Credo Technology Group Holding Ltd) | PSQH (PSQ Holdings, Inc.) | |
|---|---|---|
| 1-year return | +95.7% | -74.5% |
| 5-year return | +1962.1% | -95.6% |
| Volatility (ann.) | 84.8% | 99.9% |
| Beta vs S&P 500 | 3.44 | 2.13 |
| Max drawdown (3Y) | -61.1% | -98.4% |
| Market cap | $45.1B | – |
| P/E (trailing) | 90.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CRDO | PSQH |
|---|---|---|
| 2022 | – | +3.1% |
| 2023 | +46.3% | -47.3% |
| 2024 | +245.2% | -13.4% |
| 2025 | +114.1% | -77.3% |
| 2026 | +67.0% | -59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRDO and PSQH good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CRDO and PSQH?
The CRDO/PSQH correlation stands at 0.49 on a 3-year window (1 year: 0.45, 5 years: 0.30), computed from weekly returns as of 2026-08-27.
Is PSQH a good diversifier for CRDO?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/crdo-vs-psqh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crdo-vs-psqh/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CRDO correlations · PSQH correlations
