EEFT vs SKYH: Correlation
Measured on weekly returns over the past three years, Euronet Worldwide, Inc. (EEFT) and Sky Harbour Group Corporation (SKYH) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEFT and SKYH?
Over the past 3 years, EEFT and SKYH moved with a correlation of 0.38, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.27 versus 0.38 over 3 years. Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 658.3 %².
Out of 14 assets tracked against EEFT, SKYH lands near the bottom at #10. Correlation aside, the last 12 months split them widely, with SKYH ahead by 25.6 points (-27.0% versus -1.4%). Risk is not evenly split, since SKYH carries 1.9 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.
EEFT vs SKYH: side by side
| EEFT (Euronet Worldwide, Inc.) | SKYH (Sky Harbour Group Corporation) | |
|---|---|---|
| 1-year return | -27.0% | -1.4% |
| 5-year return | -48.7% | +4.5% |
| Volatility (ann.) | 30.1% | 57.5% |
| Beta vs S&P 500 | 0.89 | 1.13 |
| Max drawdown (3Y) | -45.3% | -39.9% |
| Market cap | $2.6B | $0.9B |
| P/E (trailing) | 11.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EEFT | SKYH |
|---|---|---|
| 2022 | -20.8% | -73.8% |
| 2023 | +7.5% | +263.2% |
| 2024 | +1.3% | +23.5% |
| 2025 | -26.0% | -24.8% |
| 2026 | -10.0% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEFT and SKYH good diversifiers for each other?
Reasonably. At 0.38, EEFT and SKYH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EEFT and SKYH?
As of 2026-08-27, the correlation of weekly returns between EEFT and SKYH is 0.38 over 3 years, 0.27 over 1 year and 0.19 over 5 years.
Is SKYH a good diversifier for EEFT?
Reasonably. At 0.38, EEFT and SKYH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EEFT correlations · SKYH correlations
