OMC vs PSKY: Correlation
How closely do Omnicom Group (OMC) and Paramount Skydance Corporation (PSKY) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMC and PSKY?
Across a 3-year window, the weekly returns of OMC and PSKY correlate at 0.30, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 454.9 %².
Among the 36 assets we track against OMC, PSKY ranks #24 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OMC ahead by 42.4 points (+16.5% versus -25.9%). The rolling one-year correlation moved between 0.06 and 0.46 over the past three years, a moderate range. Risk is not evenly split, since PSKY carries 1.9 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.
OMC vs PSKY: side by side
| OMC (Omnicom Group) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +16.5% | -25.9% |
| 5-year return | +45.6% | -69.8% |
| Volatility (ann.) | 28.0% | 54.4% |
| Beta vs S&P 500 | 0.76 | 0.92 |
| Max drawdown (3Y) | -33.3% | -59.9% |
| Market cap | $24.1B | $12.1B |
| P/E (trailing) | 237.5 | 360.0 |
| Dividend yield | 3.53% | 1.86% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | OMC | PSKY |
|---|---|---|
| 2022 | +15.7% | -41.8% |
| 2023 | +9.6% | -10.4% |
| 2024 | +2.5% | -28.0% |
| 2025 | -2.6% | +30.0% |
| 2026 | +11.1% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMC and PSKY good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OMC and PSKY?
Using weekly returns as of 2026-08-27: 0.30 over 3 years, with 0.37 over the last year and 0.36 over 5 years.
Is PSKY a good diversifier for OMC?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 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/omc-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/omc-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OMC correlations · PSKY correlations
