PSKY vs VGI: Correlation
Paramount Skydance Corporation (PSKY) and Virtus Global Multi-Sector Income Fund (VGI) show a moderate relationship: their 3-year correlation of weekly returns is 0.40.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSKY and VGI?
On 3 years of weekly data the PSKY/VGI correlation comes out at 0.40, moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.40 over 3. The 5-year figure is 0.40, and annualized covariance runs at 222.2 %².
Within PSKY's tracked universe of 32 assets, VGI comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VGI outperformed by 29.7 percentage points (-25.9% for PSKY against +3.8% for VGI). One caveat on sizing: PSKY is 5.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 VGI: side by side
| PSKY (Paramount Skydance Corporation) | VGI (Virtus Global Multi-Sector Income Fund) | |
|---|---|---|
| 1-year return | -25.9% | +3.8% |
| 5-year return | -69.8% | +11.9% |
| Volatility (ann.) | 54.4% | 10.3% |
| Beta vs S&P 500 | 0.92 | 0.38 |
| Max drawdown (3Y) | -59.9% | -11.3% |
| Market cap | $12.1B | $0.1B |
| P/E (trailing) | 360.0 | 7.8 |
| Dividend yield | 1.86% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | PSKY | VGI |
|---|---|---|
| 2022 | -41.8% | -22.3% |
| 2023 | -10.4% | +13.4% |
| 2024 | -28.0% | +10.4% |
| 2025 | +30.0% | +16.1% |
| 2026 | -18.6% | +1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSKY and VGI good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PSKY and VGI?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.48 over the last year and 0.40 over 5 years.
Is VGI a good diversifier for PSKY?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 mean?
A reading of 0.40 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-vgi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/psky-vs-vgi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: PSKY correlations · VGI correlations
