AGIG vs ONCY: Correlation
Measured on weekly returns over the past three years, Abundia Global Impact Group Inc. (AGIG) and Oncolytics Biotech Inc. (ONCY) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGIG and ONCY?
Across a 3-year window, the weekly returns of AGIG and ONCY correlate at 0.47, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.47 over 3 years. Stretching to 5 years gives 0.28, with an annualized covariance of 5931.2 %².
Within AGIG's tracked universe of 34 assets, ONCY comes in at #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ONCY outperformed by 68.9 percentage points (-88.7% for AGIG against -19.8% for ONCY). Risk is not evenly split, since AGIG carries 1.9 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.
AGIG vs ONCY: side by side
| AGIG (Abundia Global Impact Group Inc.) | ONCY (Oncolytics Biotech Inc.) | |
|---|---|---|
| 1-year return | -88.7% | -19.8% |
| 5-year return | -94.6% | -61.2% |
| Volatility (ann.) | 157.1% | 80.8% |
| Beta vs S&P 500 | -0.21 | 1.15 |
| Max drawdown (3Y) | -96.7% | -86.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGIG | ONCY |
|---|---|---|
| 2022 | +140.6% | +17.3% |
| 2023 | -48.0% | -17.2% |
| 2024 | -27.9% | -32.6% |
| 2025 | -84.7% | -4.4% |
| 2026 | -51.0% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGIG and ONCY good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AGIG and ONCY?
The AGIG/ONCY correlation stands at 0.47 on a 3-year window (1 year: 0.14, 5 years: 0.28), computed from weekly returns as of 2026-08-27.
Is ONCY a good diversifier for AGIG?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/agig-vs-oncy.json
Markdown for the live badge, attribution link included:
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Related comparisons
Hubs: AGIG correlations · ONCY correlations
