PSIG vs WKSP: Correlation
Measured on weekly returns over the past three years, PS International Group Ltd. (PSIG) and Worksport, Ltd. (WKSP) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSIG and WKSP?
Over the past 3 years, PSIG and WKSP moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.41) than the 3-year average (-0.26). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -3987.9 %².
Among the 55 assets we track against PSIG, WKSP ranks #39 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PSIG outperformed by 25.6 percentage points (-53.9% for PSIG against -79.5% for WKSP).
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 WKSP: side by side
| PSIG (PS International Group Ltd.) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | -53.9% | -79.5% |
| 5-year return | n/a | -98.8% |
| Volatility (ann.) | 157.0% | 108.8% |
| Beta vs S&P 500 | 0.97 | 1.80 |
| Max drawdown (3Y) | -96.0% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSIG | WKSP |
|---|---|---|
| 2022 | – | -58.9% |
| 2023 | – | +49.7% |
| 2024 | – | -38.3% |
| 2025 | +8.3% | -76.8% |
| 2026 | -62.9% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSIG and WKSP good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between PSIG and WKSP?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.41 over the last year and n/a over 5 years.
Is WKSP a good diversifier for PSIG?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
A reading of -0.26 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/psig-vs-wksp.json
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[](https://www.pairbook.io/pair/psig-vs-wksp/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSIG correlations · WKSP correlations
