PIM vs PSKY: Correlation
Franklin Master Intermediate Income Trust Shares of (PIM) and Paramount Skydance Corporation (PSKY) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PIM and PSKY?
Across a 3-year window, the weekly returns of PIM and PSKY correlate at 0.41, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 206.5 %².
Within PIM's tracked universe of 15 assets, PSKY comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PIM ahead by 29.1 points (+3.2% versus -25.9%). One caveat on sizing: PSKY is 5.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
PIM vs PSKY: side by side
| PIM (Franklin Master Intermediate Income Trust Shares of) | PSKY (Paramount Skydance Corporation) | |
|---|---|---|
| 1-year return | +3.2% | -25.9% |
| 5-year return | +16.1% | -69.8% |
| Volatility (ann.) | 9.2% | 54.4% |
| Beta vs S&P 500 | 0.26 | 0.92 |
| Max drawdown (3Y) | -6.4% | -59.9% |
| Market cap | $0.2B | $12.1B |
| P/E (trailing) | 14.4 | 360.0 |
| Dividend yield | 8.35% | 1.86% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | PIM | PSKY |
|---|---|---|
| 2022 | -12.5% | -41.8% |
| 2023 | +8.4% | -10.4% |
| 2024 | +10.9% | -28.0% |
| 2025 | +10.9% | +30.0% |
| 2026 | +0.3% | -18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PIM and PSKY good diversifiers for each other?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PIM and PSKY?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.49 over the last year and 0.35 over 5 years.
Is PSKY a good diversifier for PIM?
A fair diversifier. At 0.41, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.41 mean?
On the −1 to +1 scale, 0.41 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/pim-vs-psky.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/pim-vs-psky/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PIM correlations · PSKY correlations
