PSNY vs SYNA: Correlation
Measured on weekly returns over the past three years, Polestar Automotive Holding UK Limited - Class A (PSNY) and Synaptics Incorporated (SYNA) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PSNY and SYNA?
Over the past 3 years, PSNY and SYNA moved with a correlation of 0.33, which is moderate. Recent behaviour matches the longer record: 0.39 over 1 year against 0.33 over 3. Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1516.0 %².
Within PSNY's tracked universe of 10 assets, SYNA comes in at #5 by 3-year correlation. The last year tells two different stories: SYNA led by 105.7 percentage points, -67.9% for PSNY against +37.8% for SYNA. One caveat on sizing: PSNY is 1.9 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.
PSNY vs SYNA: side by side
| PSNY (Polestar Automotive Holding UK Limited - Class A) | SYNA (Synaptics Incorporated) | |
|---|---|---|
| 1-year return | -67.9% | +37.8% |
| 5-year return | -95.8% | -48.2% |
| Volatility (ann.) | 93.2% | 49.6% |
| Beta vs S&P 500 | 1.64 | 2.15 |
| Max drawdown (3Y) | -89.5% | -64.2% |
| Market cap | $1.8B | $3.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PSNY | SYNA |
|---|---|---|
| 2022 | -54.6% | -67.1% |
| 2023 | -57.4% | +19.9% |
| 2024 | -53.5% | -33.1% |
| 2025 | -32.2% | -3.0% |
| 2026 | -41.4% | +31.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PSNY and SYNA good diversifiers for each other?
Reasonably. At 0.33, PSNY and SYNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between PSNY and SYNA?
The PSNY/SYNA correlation stands at 0.33 on a 3-year window (1 year: 0.39, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SYNA a good diversifier for PSNY?
Reasonably. At 0.33, PSNY and SYNA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: PSNY correlations · SYNA correlations
