NWL vs PSIG: Correlation
How closely do Newell Brands Inc. (NWL) and PS International Group Ltd. (PSIG) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NWL and PSIG?
On 3 years of weekly data the NWL/PSIG correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.13 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -2181.3 %².
Among the 15 assets we track against NWL, PSIG sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with NWL ahead by 59.5 points (+5.6% versus -53.9%). Risk is not evenly split, since PSIG carries 2.5 times the volatility of the other side.
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.
NWL vs PSIG: side by side
| NWL (Newell Brands Inc.) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | +5.6% | -53.9% |
| 5-year return | -70.7% | n/a |
| Volatility (ann.) | 62.8% | 157.0% |
| Beta vs S&P 500 | 1.15 | 0.97 |
| Max drawdown (3Y) | -72.3% | -96.0% |
| Market cap | $2.5B | – |
| P/E (trailing) | – | – |
| Dividend yield | 4.70% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NWL | PSIG |
|---|---|---|
| 2022 | -37.0% | – |
| 2023 | -30.9% | – |
| 2024 | +19.0% | – |
| 2025 | -60.5% | +8.3% |
| 2026 | +63.7% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NWL and PSIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between NWL and PSIG?
As of 2026-08-27, the correlation of weekly returns between NWL and PSIG is -0.20 over 3 years, -0.13 over 1 year and n/a over 5 years.
Is PSIG a good diversifier for NWL?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 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/nwl-vs-psig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/nwl-vs-psig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NWL correlations · PSIG correlations
