KEYS vs PSNY: Correlation
How closely do Keysight Technologies (KEYS) and Polestar Automotive Holding UK Limited - Class A (PSNY) trade together? Their weekly returns over three years give a correlation of 0.37, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and PSNY?
Over the past 3 years, KEYS and PSNY moved with a correlation of 0.37, which is moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. Over 5 years the correlation is 0.33, and the annualized covariance of weekly returns is 1272.2 %².
By 3-year correlation, PSNY places #31 of the 43 assets tracked against KEYS. Correlation aside, the last 12 months split them widely, with KEYS ahead by 165.3 points (+97.4% versus -67.9%). One caveat on sizing: PSNY is 2.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
KEYS vs PSNY: side by side
| KEYS (Keysight Technologies) | PSNY (Polestar Automotive Holding UK Limited - Class A) | |
|---|---|---|
| 1-year return | +97.4% | -67.9% |
| 5-year return | +81.9% | -95.8% |
| Volatility (ann.) | 36.8% | 93.2% |
| Beta vs S&P 500 | 1.58 | 1.64 |
| Max drawdown (3Y) | -31.4% | -89.5% |
| Market cap | $55.5B | $1.8B |
| P/E (trailing) | 43.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | KEYS | PSNY |
|---|---|---|
| 2022 | -17.2% | -54.6% |
| 2023 | -7.0% | -57.4% |
| 2024 | +1.0% | -53.5% |
| 2025 | +26.5% | -32.2% |
| 2026 | +60.4% | -41.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and PSNY good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between KEYS and PSNY?
The KEYS/PSNY correlation stands at 0.37 on a 3-year window (1 year: 0.41, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is PSNY a good diversifier for KEYS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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/keys-vs-psny.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/keys-vs-psny/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KEYS correlations · PSNY correlations
