NLOP vs PSKY: Correlation
Measured on weekly returns over the past three years, Net Lease Office Properties (NLOP) and Paramount Skydance Corporation (PSKY) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NLOP and PSKY?
On 3 years of weekly data the NLOP/PSKY correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.16 versus -0.17 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -369.3 %².
Within NLOP's tracked universe of 17 assets, PSKY comes in at #8 by 3-year correlation. The last year tells two different stories: NLOP led by 33.9 percentage points, +8.0% for NLOP against -25.9% for PSKY.
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.
NLOP vs PSKY: side by side
| NLOP (Net Lease Office Properties) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +8.0% | -25.9% |
| 5-year return | n/a | -69.8% |
| Volatility (ann.) | 39.2% | 54.4% |
| Beta vs S&P 500 | 0.18 | 0.92 |
| Max drawdown (3Y) | -46.0% | -59.9% |
| Market cap | $0.2B | $12.1B |
| P/E (trailing) | – | 360.0 |
| Dividend yield | 0.00% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | NLOP | PSKY |
|---|---|---|
| 2022 | – | -41.8% |
| 2023 | – | -10.4% |
| 2024 | +68.9% | -28.0% |
| 2025 | +5.9% | +30.0% |
| 2026 | +8.5% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NLOP and PSKY good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between NLOP and PSKY?
As of 2026-08-27, the correlation of weekly returns between NLOP and PSKY is -0.17 over 3 years, 0.16 over 1 year and n/a over 5 years.
Is PSKY a good diversifier for NLOP?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/nlop-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nlop-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NLOP correlations · PSKY correlations
