Hi Kevin,
The result of psd is not correctly scaled, therefore you should use pwelch. For spectral density, the result should be scaled by the sampling frequency, which is not performed by psd.
If you look at the two results, the f vector should be the same. If you take the ratio of two pxx, you can that most samples, the differ by a factor of 125, which is basically half of sampling frequency. This is because the resulting spectrum is one-sided. The two end points differs by a factor of 250. This is due to the fact that these two points correspond to DC and Nyquist frequency and should not be doubled even if it's one-sided.
BTW, for your case, there is really no overlap happening because your data and window length are the same.
HTH
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