PSKY vs SBGI: Correlation
Measured on weekly returns over the past three years, Paramount Skydance Corporation (PSKY) and Sinclair, Inc. (SBGI) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and SBGI?
Across a 3-year window, the weekly returns of PSKY and SBGI correlate at 0.51, moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.51 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 1587.1 %².
SBGI is one of the assets that tracks PSKY most closely: it ranks #2 out of the 32 assets we track against PSKY. The last year tells two different stories: SBGI led by 29.1 percentage points, -25.9% for PSKY against +3.2% for SBGI.
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 SBGI: side by side
| PSKY (Paramount Skydance Corporation) | SBGI (Sinclair, Inc.) | |
|---|---|---|
| 1-year return | -25.9% | +3.2% |
| 5-year return | -69.8% | -37.1% |
| Volatility (ann.) | 54.4% | 57.6% |
| Beta vs S&P 500 | 0.92 | 0.91 |
| Max drawdown (3Y) | -59.9% | -33.1% |
| Market cap | $12.1B | $1.0B |
| P/E (trailing) | 360.0 | 18.2 |
| Dividend yield | 1.86% | 6.98% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | PSKY | SBGI |
|---|---|---|
| 2022 | -41.8% | -38.7% |
| 2023 | -10.4% | -9.8% |
| 2024 | -28.0% | +32.6% |
| 2025 | +30.0% | +1.5% |
| 2026 | -18.6% | -5.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and SBGI good diversifiers for each other?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between PSKY and SBGI?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.52 over the last year and 0.55 over 5 years.
Is SBGI a good diversifier for PSKY?
To a limited degree. At 0.51 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/psky-vs-sbgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psky-vs-sbgi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PSKY correlations · SBGI correlations
