PSA vs RDZN: Correlation
How closely do Public Storage (PSA) and Roadzen, Inc. (RDZN) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSA and RDZN?
Across a 3-year window, the weekly returns of PSA and RDZN correlate at -0.16, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.20 lands near the 3-year figure. Stretching to 5 years gives -0.12, with an annualized covariance of -441.9 %².
By 3-year correlation, RDZN places #27 of the 33 assets tracked against PSA. The last year tells two different stories: RDZN led by 39.2 percentage points, +11.3% for PSA against +50.5% for RDZN. Note the risk asymmetry: RDZN runs 5.3 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.
PSA vs RDZN: side by side
| PSA (Public Storage) | RDZN (Roadzen, Inc.) | |
|---|---|---|
| 1-year return | +11.3% | +50.5% |
| 5-year return | +20.9% | -84.9% |
| Volatility (ann.) | 23.0% | 122.6% |
| Beta vs S&P 500 | 0.59 | 1.57 |
| Max drawdown (3Y) | -25.6% | -94.0% |
| Market cap | $58.1B | $0.1B |
| P/E (trailing) | 30.3 | 6.8 |
| Dividend yield | 3.78% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PSA | RDZN |
|---|---|---|
| 2022 | -20.2% | – |
| 2023 | +13.6% | -50.3% |
| 2024 | +2.1% | -57.2% |
| 2025 | -9.7% | +10.6% |
| 2026 | +22.3% | -38.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSA and RDZN good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSA and RDZN?
As of 2026-08-27, the correlation of weekly returns between PSA and RDZN is -0.16 over 3 years, -0.20 over 1 year and -0.12 over 5 years.
Is RDZN a good diversifier for PSA?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/psa-vs-rdzn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psa-vs-rdzn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSA correlations · RDZN correlations
