PPL vs PSIG: Correlation
PPL Corporation (PPL) and PS International Group Ltd. (PSIG) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PPL and PSIG?
On 3 years of weekly data the PPL/PSIG correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.28) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -642.7 %².
By 3-year correlation, PSIG places #39 of the 44 assets tracked against PPL. Their recent paths diverged sharply: over the last 12 months PPL outperformed by 50.9 percentage points (-3.0% for PPL against -53.9% for PSIG). Note the risk asymmetry: PSIG runs 9.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PPL vs PSIG: side by side
| PPL (PPL Corporation) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | -3.0% | -53.9% |
| 5-year return | +41.1% | n/a |
| Volatility (ann.) | 17.4% | 157.0% |
| Beta vs S&P 500 | 0.13 | 0.97 |
| Max drawdown (3Y) | -13.3% | -96.0% |
| Market cap | $25.9B | – |
| P/E (trailing) | 20.7 | – |
| Dividend yield | 3.18% | 0.00% |
| Sector / category | Utilities | US Listed |
Year-by-year returns
| Year | PPL | PSIG |
|---|---|---|
| 2022 | +0.4% | – |
| 2023 | -3.8% | – |
| 2024 | +24.0% | – |
| 2025 | +11.4% | +8.3% |
| 2026 | -0.1% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PPL and PSIG good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between PPL and PSIG?
As of 2026-08-27, the correlation of weekly returns between PPL and PSIG is -0.23 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is PSIG a good diversifier for PPL?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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/ppl-vs-psig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ppl-vs-psig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PPL correlations · PSIG correlations
