PSA vs WY: Correlation
Measured on weekly returns over the past three years, Public Storage (PSA) and Weyerhaeuser (WY) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSA and WY?
Over the past 3 years, PSA and WY moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.54 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 359.7 %².
Within PSA's tracked universe of 33 assets, WY comes in at #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PSA ahead by 17.4 points (+11.3% versus -6.1%). On a rolling one-year basis the correlation drifted between 0.51 and 0.76, a moderate band.
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 WY: side by side
| PSA (Public Storage) | WY (Weyerhaeuser) | |
|---|---|---|
| 1-year return | +11.3% | -6.1% |
| 5-year return | +20.9% | -19.5% |
| Volatility (ann.) | 23.0% | 24.8% |
| Beta vs S&P 500 | 0.59 | 0.64 |
| Max drawdown (3Y) | -25.6% | -38.0% |
| Market cap | $58.1B | $17.1B |
| P/E (trailing) | 30.3 | 36.5 |
| Dividend yield | 3.78% | 3.49% |
| Sector / category | Real Estate | Real Estate |
Year-by-year returns
| Year | PSA | WY |
|---|---|---|
| 2022 | -20.2% | -20.4% |
| 2023 | +13.6% | +18.0% |
| 2024 | +2.1% | -16.6% |
| 2025 | -9.7% | -13.0% |
| 2026 | +22.3% | +1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSA and WY good diversifiers for each other?
Only partially. A correlation of 0.63 means PSA and WY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between PSA and WY?
As of 2026-08-27, the correlation of weekly returns between PSA and WY is 0.63 over 3 years, 0.54 over 1 year and 0.57 over 5 years.
Is WY a good diversifier for PSA?
Only partially. A correlation of 0.63 means PSA and WY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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/psa-vs-wy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psa-vs-wy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSA correlations · WY correlations
