PSMT vs WMT: Correlation
Measured on weekly returns over the past three years, PriceSmart, Inc. (PSMT) and Walmart (WMT) carry a correlation of 0.38, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSMT and WMT?
On 3 years of weekly data the PSMT/WMT correlation comes out at 0.38, moderate. The link has tightened recently: the 1-year correlation (0.49) runs above the 3-year figure (0.38). The 5-year figure is 0.34, and annualized covariance runs at 206.4 %².
By 3-year correlation, WMT places #7 of the 13 assets tracked against PSMT. The last year tells two different stories: PSMT led by 51.4 percentage points, +59.1% for PSMT against +7.7% for WMT.
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.
PSMT vs WMT: side by side
| PSMT (PriceSmart, Inc.) | WMT (Walmart) | |
|---|---|---|
| 1-year return | +59.1% | +7.7% |
| 5-year return | +116.4% | +121.9% |
| Volatility (ann.) | 23.4% | 23.0% |
| Beta vs S&P 500 | 0.42 | 0.53 |
| Max drawdown (3Y) | -24.0% | -23.3% |
| Market cap | $5.3B | $816.7B |
| P/E (trailing) | 33.8 | 37.1 |
| Dividend yield | 0.76% | 0.92% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | PSMT | WMT |
|---|---|---|
| 2022 | -15.9% | -0.5% |
| 2023 | +26.2% | +12.9% |
| 2024 | +25.0% | +74.0% |
| 2025 | +34.8% | +24.5% |
| 2026 | +42.2% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSMT and WMT good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PSMT and WMT?
The PSMT/WMT correlation stands at 0.38 on a 3-year window (1 year: 0.49, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is WMT a good diversifier for PSMT?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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.
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Related comparisons
Hubs: PSMT correlations · WMT correlations
