EQX vs PSKY: Correlation
Measured on weekly returns over the past three years, Equinox Gold Corp. (EQX) and Paramount Skydance Corporation (PSKY) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQX and PSKY?
Across a 3-year window, the weekly returns of EQX and PSKY correlate at 0.40, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.40 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 1235.3 %².
Among the 16 assets we track against EQX, PSKY ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EQX ahead by 90.6 points (+64.7% versus -25.9%).
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.
EQX vs PSKY: side by side
| EQX (Equinox Gold Corp.) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +64.7% | -25.9% |
| 5-year return | +98.0% | -69.8% |
| Volatility (ann.) | 56.6% | 54.4% |
| Beta vs S&P 500 | 1.19 | 0.92 |
| Max drawdown (3Y) | -54.0% | -59.9% |
| Market cap | $15.7B | $12.1B |
| P/E (trailing) | 21.0 | 360.0 |
| Dividend yield | 0.22% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EQX | PSKY |
|---|---|---|
| 2022 | -51.5% | -41.8% |
| 2023 | +49.1% | -10.4% |
| 2024 | +2.7% | -28.0% |
| 2025 | +179.7% | +30.0% |
| 2026 | -3.8% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQX and PSKY good diversifiers for each other?
Reasonably. At 0.40, EQX and PSKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EQX and PSKY?
As of 2026-08-27, the correlation of weekly returns between EQX and PSKY is 0.40 over 3 years, 0.50 over 1 year and 0.35 over 5 years.
Is PSKY a good diversifier for EQX?
Reasonably. At 0.40, EQX and PSKY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.40 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/eqx-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eqx-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQX correlations · PSKY correlations
