ACEL vs OSPN: Correlation
Accel Entertainment, Inc. (ACEL) and OneSpan Inc. (OSPN) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACEL and OSPN?
Across a 3-year window, the weekly returns of ACEL and OSPN correlate at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.29 versus 0.46 over 3 years. Stretching to 5 years gives 0.36, with an annualized covariance of 563.6 %².
By 3-year correlation, OSPN places #5 of the 16 assets tracked against ACEL. The trailing year gives OSPN the advantage: +1.3% versus +15.6%, a 14.3-point spread. Risk is not evenly split, since OSPN carries 1.6 times the volatility of the other side.
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.
ACEL vs OSPN: side by side
| ACEL (Accel Entertainment, Inc.) | OSPN (OneSpan Inc.) | |
|---|---|---|
| 1-year return | +1.3% | +15.6% |
| 5-year return | +1.6% | -8.3% |
| Volatility (ann.) | 28.0% | 43.6% |
| Beta vs S&P 500 | 0.73 | 1.28 |
| Max drawdown (3Y) | -26.0% | -47.9% |
| Market cap | $0.9B | $0.6B |
| P/E (trailing) | 17.7 | 9.3 |
| Dividend yield | 0.00% | 3.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACEL | OSPN |
|---|---|---|
| 2022 | -40.9% | -33.9% |
| 2023 | +33.4% | -4.2% |
| 2024 | +4.0% | +72.9% |
| 2025 | +6.8% | -28.5% |
| 2026 | +2.5% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACEL and OSPN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ACEL and OSPN?
The ACEL/OSPN correlation stands at 0.46 on a 3-year window (1 year: 0.29, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is OSPN a good diversifier for ACEL?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/acel-vs-ospn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/acel-vs-ospn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACEL correlations · OSPN correlations
