AGCO vs OSK: Correlation
Measured on weekly returns over the past three years, AGCO Corporation (AGCO) and Oshkosh Corporation (Holding Company) (OSK) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGCO and OSK?
Over the past 3 years, AGCO and OSK moved with a correlation of 0.63, which is strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.63 over 3. Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 760.8 %².
Among the 15 assets we track against AGCO, OSK ranks #5 by 3-year correlation. Over the last 12 months OSK came out ahead by 12.6 percentage points (-1.6% against +11.0%).
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.
AGCO vs OSK: side by side
| AGCO (AGCO Corporation) | OSK (Oshkosh Corporation (Holding Company)) | |
|---|---|---|
| 1-year return | -1.6% | +11.0% |
| 5-year return | -7.9% | +47.4% |
| Volatility (ann.) | 32.5% | 37.0% |
| Beta vs S&P 500 | 0.80 | 1.14 |
| Max drawdown (3Y) | -40.5% | -36.7% |
| Market cap | $7.8B | $9.7B |
| P/E (trailing) | 15.4 | 18.1 |
| Dividend yield | 1.05% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGCO | OSK |
|---|---|---|
| 2022 | +25.0% | -20.5% |
| 2023 | -7.9% | +25.2% |
| 2024 | -20.3% | -10.8% |
| 2025 | +12.9% | +34.5% |
| 2026 | +7.1% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGCO and OSK good diversifiers for each other?
Only partially. A correlation of 0.63 means AGCO and OSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AGCO and OSK?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.69 over the last year and 0.58 over 5 years.
Is OSK a good diversifier for AGCO?
Only partially. A correlation of 0.63 means AGCO and OSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 mean?
On the −1 to +1 scale, 0.63 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: AGCO correlations · OSK correlations
