FIZZ vs PSA: Correlation
How closely do National Beverage Corp. (FIZZ) and Public Storage (PSA) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIZZ and PSA?
Over the past 3 years, FIZZ and PSA moved with a correlation of 0.31, which is moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.31 over 3. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 176.5 %².
Among the 12 assets we track against FIZZ, PSA ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PSA ahead by 26.3 points (-15.0% versus +11.3%).
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.
FIZZ vs PSA: side by side
| FIZZ (National Beverage Corp.) | PSA (Public Storage) | |
|---|---|---|
| 1-year return | -15.0% | +11.3% |
| 5-year return | -9.3% | +20.9% |
| Volatility (ann.) | 24.4% | 23.0% |
| Beta vs S&P 500 | 0.36 | 0.59 |
| Max drawdown (3Y) | -41.3% | -25.6% |
| Market cap | $3.0B | $58.1B |
| P/E (trailing) | 16.8 | 30.3 |
| Dividend yield | 0.00% | 3.78% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | FIZZ | PSA |
|---|---|---|
| 2022 | +2.6% | -20.2% |
| 2023 | +6.9% | +13.6% |
| 2024 | -8.0% | +2.1% |
| 2025 | -25.3% | -9.7% |
| 2026 | +12.6% | +22.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIZZ and PSA good diversifiers for each other?
Reasonably. At 0.31, FIZZ and PSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FIZZ and PSA?
As of 2026-08-27, the correlation of weekly returns between FIZZ and PSA is 0.31 over 3 years, 0.40 over 1 year and 0.28 over 5 years.
Is PSA a good diversifier for FIZZ?
Reasonably. At 0.31, FIZZ and PSA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 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/fizz-vs-psa.json
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Related comparisons
Hubs: FIZZ correlations · PSA correlations
