PSKY vs VEA: Correlation
Paramount Skydance Corporation (PSKY) and Vanguard FTSE Developed Markets ETF (VEA) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and VEA?
Over the past 3 years, PSKY and VEA moved with a correlation of 0.39, which is moderate. The link has tightened recently: the 1-year correlation (0.50) runs above the 3-year figure (0.39). Over 5 years the correlation is 0.41, and the annualized covariance of weekly returns is 320.6 %².
Among the 32 assets we track against PSKY, VEA ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VEA outperformed by 54.4 percentage points (-25.9% for PSKY against +28.5% for VEA). On a rolling one-year basis the correlation drifted between 0.13 and 0.62, a moderate band. Risk is not evenly split, since PSKY carries 3.6 times the volatility of the other side.
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 VEA: side by side
| PSKY (Paramount Skydance Corporation) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -25.9% | +28.5% |
| 5-year return | -69.8% | +63.5% |
| Volatility (ann.) | 54.4% | 15.1% |
| Beta vs S&P 500 | 0.92 | 0.79 |
| Max drawdown (3Y) | -59.9% | -13.5% |
| Market cap | $12.1B | – |
| P/E (trailing) | 360.0 | – |
| Dividend yield | 1.86% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | Communication Services | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | PSKY | VEA |
|---|---|---|
| 2022 | -41.8% | -15.3% |
| 2023 | -10.4% | +17.9% |
| 2024 | -28.0% | +3.1% |
| 2025 | +30.0% | +35.2% |
| 2026 | -18.6% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and VEA good diversifiers for each other?
Reasonably. At 0.39, PSKY and VEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PSKY and VEA?
The PSKY/VEA correlation stands at 0.39 on a 3-year window (1 year: 0.50, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for PSKY?
Reasonably. At 0.39, PSKY and VEA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/psky-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PSKY correlations · VEA correlations
