PSKY vs USO: Correlation
Measured on weekly returns over the past three years, Paramount Skydance Corporation (PSKY) and United States Oil Fund (USO) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and USO?
Over the past 3 years, PSKY and USO moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.33) runs below the 3-year figure (-0.19). Over 5 years the correlation is -0.06, and the annualized covariance of weekly returns is -407.5 %².
Out of 32 assets tracked against PSKY, USO lands near the bottom at #29. The last year tells two different stories: USO led by 100.0 percentage points, -25.9% for PSKY against +74.1% for USO. On a rolling one-year basis the correlation drifted between -0.31 and 0.13, a moderate band.
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 USO: side by side
| PSKY (Paramount Skydance Corporation) | USO (United States Oil Fund) | |
|---|---|---|
| 1-year return | -25.9% | +74.1% |
| 5-year return | -69.8% | +168.6% |
| Volatility (ann.) | 54.4% | 39.4% |
| Beta vs S&P 500 | 0.92 | -0.20 |
| Max drawdown (3Y) | -59.9% | -32.5% |
| Market cap | $12.1B | – |
| P/E (trailing) | 360.0 | – |
| Dividend yield | 1.86% | – |
| Sector / category | Communication Services | ETF · Commodities |
Year-by-year returns
| Year | PSKY | USO |
|---|---|---|
| 2022 | -41.8% | +29.0% |
| 2023 | -10.4% | -4.9% |
| 2024 | -28.0% | +13.4% |
| 2025 | +30.0% | -8.5% |
| 2026 | -18.6% | +88.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and USO good diversifiers for each other?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between PSKY and USO?
As of 2026-08-27, the correlation of weekly returns between PSKY and USO is -0.19 over 3 years, -0.33 over 1 year and -0.06 over 5 years.
Is USO a good diversifier for PSKY?
Yes: at -0.19, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.19 mean?
A reading of -0.19 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-uso.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psky-vs-uso/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSKY correlations · USO correlations
