EEA vs PSKY: Correlation
Measured on weekly returns over the past three years, The European Equity Fund, Inc. (EEA) and Paramount Skydance Corporation (PSKY) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEA and PSKY?
Across a 3-year window, the weekly returns of EEA and PSKY correlate at 0.41, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.41 over 3. Stretching to 5 years gives 0.37, with an annualized covariance of 343.8 %².
Among the 14 assets we track against EEA, PSKY sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with EEA ahead by 37.6 points (+11.7% versus -25.9%). Risk is not evenly split, since PSKY carries 3.5 times the volatility of the other side.
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.
EEA vs PSKY: side by side
| EEA (The European Equity Fund, Inc.) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +11.7% | -25.9% |
| 5-year return | +34.8% | -69.8% |
| Volatility (ann.) | 15.4% | 54.4% |
| Beta vs S&P 500 | 0.61 | 0.92 |
| Max drawdown (3Y) | -14.1% | -59.9% |
| Market cap | $0.1B | $12.1B |
| P/E (trailing) | 4.2 | 360.0 |
| Dividend yield | 6.92% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EEA | PSKY |
|---|---|---|
| 2022 | -19.0% | -41.8% |
| 2023 | +17.2% | -10.4% |
| 2024 | -3.5% | -28.0% |
| 2025 | +28.8% | +30.0% |
| 2026 | +13.6% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEA and PSKY good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EEA and PSKY?
As of 2026-08-27, the correlation of weekly returns between EEA and PSKY is 0.41 over 3 years, 0.43 over 1 year and 0.37 over 5 years.
Is PSKY a good diversifier for EEA?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eea-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eea-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EEA correlations · PSKY correlations
