NRT vs PSKY: Correlation
North European Oil Royality Trust (NRT) and Paramount Skydance Corporation (PSKY) show a negative relationship: their 3-year correlation of weekly returns is -0.22.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRT and PSKY?
On 3 years of weekly data the NRT/PSKY correlation comes out at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.22 over 3 years. The 5-year figure is -0.05, and annualized covariance runs at -625.3 %².
Within NRT's tracked universe of 62 assets, PSKY comes in at #43 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months NRT outperformed by 111.1 percentage points (+85.2% for NRT 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.
NRT vs PSKY: side by side
| NRT (North European Oil Royality Trust) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +85.2% | -25.9% |
| 5-year return | +131.5% | -69.8% |
| Volatility (ann.) | 51.6% | 54.4% |
| Beta vs S&P 500 | -0.42 | 0.92 |
| Max drawdown (3Y) | -66.1% | -59.9% |
| Market cap | $0.1B | $12.1B |
| P/E (trailing) | 8.4 | 360.0 |
| Dividend yield | 11.95% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | NRT | PSKY |
|---|---|---|
| 2022 | +41.9% | -41.8% |
| 2023 | -46.5% | -10.4% |
| 2024 | -25.3% | -28.0% |
| 2025 | +88.4% | +30.0% |
| 2026 | +41.9% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRT and PSKY 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 NRT and PSKY?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.36 over the last year and -0.05 over 5 years.
Is PSKY a good diversifier for NRT?
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?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/nrt-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nrt-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRT correlations · PSKY correlations
