AKAN vs OIO: Correlation
Measured on weekly returns over the past three years, Akanda Corp. (AKAN) and OIO Group (OIO) carry a correlation of -0.32, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and OIO?
Over the past 3 years, AKAN and OIO moved with a correlation of -0.32, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.58) runs below the 3-year figure (-0.32). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -9082.9 %².
Among the 26 assets we track against AKAN, OIO sits near the bottom by co-movement, at rank #24. The last year tells two different stories: OIO led by 21.1 percentage points, -95.2% for AKAN against -74.1% for OIO. Note the risk asymmetry: AKAN runs 2.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AKAN vs OIO: side by side
| AKAN (Akanda Corp.) | OIO (OIO Group) | |
|---|---|---|
| 1-year return | -95.2% | -74.1% |
| 5-year return | -100.0% | -93.0% |
| Volatility (ann.) | 285.6% | 100.9% |
| Beta vs S&P 500 | 2.86 | 0.48 |
| Max drawdown (3Y) | -99.9% | -87.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | OIO |
|---|---|---|
| 2023 | -70.5% | -93.1% |
| 2024 | -95.5% | +91.1% |
| 2025 | -90.9% | +200.8% |
| 2026 | -58.9% | -82.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and OIO good diversifiers for each other?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKAN and OIO?
As of 2026-08-27, the correlation of weekly returns between AKAN and OIO is -0.32 over 3 years, -0.58 over 1 year and -0.25 over 5 years.
Is OIO a good diversifier for AKAN?
By historical standards, yes. A correlation of -0.32 means the two rarely move for the same reasons.
What does a correlation of -0.32 mean?
On the −1 to +1 scale, -0.32 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/akan-vs-oio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-oio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · OIO correlations
