PSIG vs SKWD: Correlation
PS International Group Ltd. (PSIG) and Skyward Specialty Insurance Group, Inc. (SKWD) show a negative relationship: their 3-year correlation of weekly returns is -0.25.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSIG and SKWD?
Over the past 3 years, PSIG and SKWD moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.25 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1396.3 %².
By 3-year correlation, SKWD places #36 of the 55 assets tracked against PSIG. The last year tells two different stories: SKWD led by 72.4 percentage points, -53.9% for PSIG against +18.5% for SKWD. Risk is not evenly split, since PSIG carries 4.5 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.
PSIG vs SKWD: side by side
| PSIG (PS International Group Ltd.) | SKWD (Skyward Specialty Insurance Group, Inc.) | |
|---|---|---|
| 1-year return | -53.9% | +18.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 157.0% | 34.9% |
| Beta vs S&P 500 | 0.97 | 0.31 |
| Max drawdown (3Y) | -96.0% | -36.5% |
| Market cap | – | $2.3B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSIG | SKWD |
|---|---|---|
| 2024 | – | +49.2% |
| 2025 | +8.3% | +1.1% |
| 2026 | -62.9% | +12.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSIG and SKWD good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSIG and SKWD?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.36 over the last year and n/a over 5 years.
Is SKWD a good diversifier for PSIG?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 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/psig-vs-skwd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psig-vs-skwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSIG correlations · SKWD correlations
