ACA vs OSW: Correlation
Arcosa, Inc. (ACA) and OneSpaWorld Holdings Limited (OSW) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACA and OSW?
On 3 years of weekly data the ACA/OSW correlation comes out at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.45) sits close to the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 534.8 %².
Within ACA's tracked universe of 23 assets, OSW comes in at #9 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ACA ahead by 31.8 points (+47.0% versus +15.2%).
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.
ACA vs OSW: side by side
| ACA (Arcosa, Inc.) | OSW (OneSpaWorld Holdings Limited) | |
|---|---|---|
| 1-year return | +47.0% | +15.2% |
| 5-year return | +186.5% | +153.8% |
| Volatility (ann.) | 31.9% | 31.3% |
| Beta vs S&P 500 | 1.23 | 0.89 |
| Max drawdown (3Y) | -36.6% | -34.6% |
| Market cap | $7.1B | $2.7B |
| P/E (trailing) | 32.5 | 33.1 |
| Dividend yield | 0.14% | 0.72% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACA | OSW |
|---|---|---|
| 2022 | +3.5% | -6.9% |
| 2023 | +52.5% | +51.1% |
| 2024 | +17.3% | +41.8% |
| 2025 | +10.2% | +5.1% |
| 2026 | +37.0% | +27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACA and OSW good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ACA and OSW?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.45 over the last year and 0.49 over 5 years.
Is OSW a good diversifier for ACA?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aca-vs-osw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aca-vs-osw/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ACA correlations · OSW correlations
