PSKY vs ROKU: Correlation
Paramount Skydance Corporation (PSKY) and Roku, Inc. (ROKU) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and ROKU?
Over the past 3 years, PSKY and ROKU moved with a correlation of 0.43, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 1385.1 %².
By 3-year correlation, ROKU places #4 of the 32 assets tracked against PSKY. Correlation aside, the last 12 months split them widely, with ROKU ahead by 88.4 points (-25.9% versus +62.5%).
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.
PSKY vs ROKU: side by side
| PSKY (Paramount Skydance Corporation) | ROKU (Roku, Inc.) | |
|---|---|---|
| 1-year return | -25.9% | +62.5% |
| 5-year return | -69.8% | -56.1% |
| Volatility (ann.) | 54.4% | 59.9% |
| Beta vs S&P 500 | 0.92 | 2.49 |
| Max drawdown (3Y) | -59.9% | -51.7% |
| Market cap | $12.1B | $23.2B |
| P/E (trailing) | 360.0 | 67.1 |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | PSKY | ROKU |
|---|---|---|
| 2022 | -41.8% | -82.2% |
| 2023 | -10.4% | +125.2% |
| 2024 | -28.0% | -18.9% |
| 2025 | +30.0% | +45.9% |
| 2026 | -18.6% | +44.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and ROKU good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PSKY and ROKU?
As of 2026-08-27, the correlation of weekly returns between PSKY and ROKU is 0.43 over 3 years, 0.43 over 1 year and 0.45 over 5 years.
Is ROKU a good diversifier for PSKY?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 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/psky-vs-roku.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psky-vs-roku/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSKY correlations · ROKU correlations
