PSKY vs THW: Correlation
How closely do Paramount Skydance Corporation (PSKY) and abrdn World Healthcare Fund Shares of Beneficial Interest (THW) trade together? Their weekly returns over three years give a correlation of 0.41, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and THW?
Over the past 3 years, PSKY and THW moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 476.3 %².
Within PSKY's tracked universe of 32 assets, THW comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with THW ahead by 59.6 points (-25.9% versus +33.7%). Note the risk asymmetry: PSKY runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 THW: side by side
| PSKY (Paramount Skydance Corporation) | THW (abrdn World Healthcare Fund Shares of Beneficial Interest) | |
|---|---|---|
| 1-year return | -25.9% | +33.7% |
| 5-year return | -69.8% | +40.2% |
| Volatility (ann.) | 54.4% | 21.4% |
| Beta vs S&P 500 | 0.92 | 0.75 |
| Max drawdown (3Y) | -59.9% | -25.4% |
| Market cap | $12.1B | $0.6B |
| P/E (trailing) | 360.0 | 6.6 |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | PSKY | THW |
|---|---|---|
| 2022 | -41.8% | -1.2% |
| 2023 | -10.4% | -11.5% |
| 2024 | -28.0% | +5.4% |
| 2025 | +30.0% | +31.1% |
| 2026 | -18.6% | +18.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and THW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between PSKY and THW?
As of 2026-08-27, the correlation of weekly returns between PSKY and THW is 0.41 over 3 years, 0.39 over 1 year and 0.42 over 5 years.
Is THW a good diversifier for PSKY?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/psky-vs-thw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/psky-vs-thw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSKY correlations · THW correlations
