INTU vs PNW: Correlation
How closely do Intuit (INTU) and Pinnacle West Capital (PNW) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INTU and PNW?
Over the past 3 years, INTU and PNW moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.43) runs below the 3-year figure (-0.22). Over 5 years the correlation is 0.00, and the annualized covariance of weekly returns is -143.9 %².
By 3-year correlation, PNW places #24 of the 45 assets tracked against INTU. The last year tells two different stories: PNW led by 59.3 percentage points, -46.9% for INTU against +12.4% for PNW. The relationship is regime-dependent: the rolling one-year correlation swung between -0.44 and 0.17 over the past three years, so this pair behaves very differently depending on the market environment. Note the risk asymmetry: INTU runs 2.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INTU vs PNW: side by side
| INTU (Intuit) | PNW (Pinnacle West Capital) | |
|---|---|---|
| 1-year return | -46.9% | +12.4% |
| 5-year return | -36.2% | +59.3% |
| Volatility (ann.) | 36.2% | 18.2% |
| Beta vs S&P 500 | 0.70 | 0.09 |
| Max drawdown (3Y) | -68.2% | -14.4% |
| Market cap | $95.2B | $11.9B |
| P/E (trailing) | 21.0 | 18.8 |
| Dividend yield | 1.39% | 3.67% |
| Sector / category | Information Technology | Utilities |
Year-by-year returns
| Year | INTU | PNW |
|---|---|---|
| 2022 | -39.1% | +13.0% |
| 2023 | +61.8% | -1.2% |
| 2024 | +1.2% | +23.5% |
| 2025 | +6.1% | +8.9% |
| 2026 | -47.0% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INTU and PNW good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between INTU and PNW?
The INTU/PNW correlation stands at -0.22 on a 3-year window (1 year: -0.43, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is PNW a good diversifier for INTU?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 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/intu-vs-pnw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/intu-vs-pnw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INTU correlations · PNW correlations
