AHCO vs ONT: Correlation
Measured on weekly returns over the past three years, AdaptHealth Corp. (AHCO) and Onterris, Inc. (ONT) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHCO and ONT?
On 3 years of weekly data the AHCO/ONT correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.37 over 3. The 5-year figure is 0.39, and annualized covariance runs at 1452.5 %².
Within AHCO's tracked universe of 21 assets, ONT comes in at #5 by 3-year correlation. Over the last 12 months AHCO came out ahead by 8.6 percentage points (-37.0% against -45.6%).
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.
AHCO vs ONT: side by side
| AHCO (AdaptHealth Corp.) | ONT (Onterris, Inc.) | |
|---|---|---|
| 1-year return | -37.0% | -45.6% |
| 5-year return | -75.6% | -66.3% |
| Volatility (ann.) | 62.0% | 63.4% |
| Beta vs S&P 500 | 0.40 | 1.17 |
| Max drawdown (3Y) | -61.0% | -78.4% |
| Market cap | $0.8B | $0.6B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AHCO | ONT |
|---|---|---|
| 2022 | -21.4% | -37.0% |
| 2023 | -62.1% | -27.6% |
| 2024 | +30.6% | -42.3% |
| 2025 | +4.6% | +33.9% |
| 2026 | -41.8% | -34.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHCO and ONT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AHCO and ONT?
As of 2026-08-27, the correlation of weekly returns between AHCO and ONT is 0.37 over 3 years, 0.40 over 1 year and 0.39 over 5 years.
Is ONT a good diversifier for AHCO?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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/ahco-vs-ont.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ahco-vs-ont/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHCO correlations · ONT correlations
