PINS vs PNW: Correlation
How closely do Pinterest, Inc. (PINS) and Pinnacle West Capital (PNW) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PINS and PNW?
Over the past 3 years, PINS and PNW moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.19 over 3. Over 5 years the correlation is 0.02, and the annualized covariance of weekly returns is -166.1 %².
Within PINS's tracked universe of 16 assets, PNW comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PNW ahead by 49.1 points (-36.7% versus +12.4%). Risk is not evenly split, since PINS carries 2.6 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.
PINS vs PNW: side by side
| PINS (Pinterest, Inc.) | PNW (Pinnacle West Capital) | |
|---|---|---|
| 1-year return | -36.7% | +12.4% |
| 5-year return | -59.5% | +59.3% |
| Volatility (ann.) | 48.1% | 18.2% |
| Beta vs S&P 500 | 1.48 | 0.09 |
| Max drawdown (3Y) | -65.7% | -14.4% |
| Market cap | $13.0B | $11.9B |
| P/E (trailing) | 69.3 | 18.8 |
| Dividend yield | 0.00% | 3.67% |
| Sector / category | US Listed | Utilities |
Year-by-year returns
| Year | PINS | PNW |
|---|---|---|
| 2022 | -33.2% | +13.0% |
| 2023 | +52.6% | -1.2% |
| 2024 | -21.7% | +23.5% |
| 2025 | -10.7% | +8.9% |
| 2026 | -11.6% | +13.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PINS and PNW good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PINS and PNW?
The PINS/PNW correlation stands at -0.19 on a 3-year window (1 year: -0.25, 5 years: 0.02), computed from weekly returns as of 2026-08-27.
Is PNW a good diversifier for PINS?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 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/pins-vs-pnw.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/pins-vs-pnw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PINS correlations · PNW correlations
