PSIG vs XLU: Correlation
Measured on weekly returns over the past three years, PS International Group Ltd. (PSIG) and Utilities Select Sector SPDR Fund (XLU) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSIG and XLU?
Over the past 3 years, PSIG and XLU moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.20 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -487.2 %².
Among the 55 assets we track against PSIG, XLU ranks #15 by 3-year correlation. Correlation aside, the last 12 months split them widely, with XLU ahead by 58.0 points (-53.9% versus +4.1%). One caveat on sizing: PSIG is 9.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 XLU: side by side
| PSIG (PS International Group Ltd.) | XLU (Utilities Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | -53.9% | +4.1% |
| 5-year return | n/a | +46.3% |
| Volatility (ann.) | 157.0% | 15.8% |
| Beta vs S&P 500 | 0.97 | 0.26 |
| Max drawdown (3Y) | -96.0% | -13.1% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.70% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $23.1B |
| Sector / category | US Listed | Sector ETF |
XLU is an Utilities fund from State Street Investment Management: $23.1B under management, 31 holdings, a 0.08% expense ratio, a 2.70% trailing dividend yield.
Year-by-year returns
| Year | PSIG | XLU |
|---|---|---|
| 2022 | – | +1.4% |
| 2023 | – | -7.2% |
| 2024 | – | +23.3% |
| 2025 | +8.3% | +16.0% |
| 2026 | -62.9% | +2.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSIG and XLU good diversifiers for each other?
Yes. With a correlation of -0.20, PSIG and XLU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PSIG and XLU?
The PSIG/XLU correlation stands at -0.20 on a 3-year window (1 year: -0.24, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is XLU a good diversifier for PSIG?
Yes. With a correlation of -0.20, PSIG and XLU have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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-xlu.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psig-vs-xlu/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSIG correlations · XLU correlations
