PBI vs USA: Correlation
Pitney Bowes Inc. (PBI) and Liberty All-Star Equity Fund (USA) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PBI and USA?
Across a 3-year window, the weekly returns of PBI and USA correlate at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.28) runs below the 3-year figure (0.46). Stretching to 5 years gives 0.47, with an annualized covariance of 357.0 %².
Within PBI's tracked universe of 10 assets, USA comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PBI outperformed by 43.1 percentage points (+44.7% for PBI against +1.6% for USA). Risk is not evenly split, since PBI carries 3.4 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.
PBI vs USA: side by side
| PBI (Pitney Bowes Inc.) | USA (Liberty All-Star Equity Fund) | |
|---|---|---|
| 1-year return | +44.7% | +1.6% |
| 5-year return | +183.6% | +18.1% |
| Volatility (ann.) | 51.4% | 15.2% |
| Beta vs S&P 500 | 1.50 | 0.89 |
| Max drawdown (3Y) | -28.3% | -17.7% |
| Market cap | $2.4B | – |
| P/E (trailing) | 14.0 | 10.7 |
| Dividend yield | 2.12% | 11.19% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PBI | USA |
|---|---|---|
| 2022 | -39.7% | -25.2% |
| 2023 | +22.2% | +23.2% |
| 2024 | +70.6% | +20.8% |
| 2025 | +50.4% | +0.1% |
| 2026 | +66.8% | +3.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PBI and USA good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PBI and USA?
The PBI/USA correlation stands at 0.46 on a 3-year window (1 year: 0.28, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is USA a good diversifier for PBI?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
A reading of 0.46 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PBI correlations · USA correlations
