AKAN vs OPCH: Correlation
Akanda Corp. (AKAN) and Option Care Health, Inc. (OPCH) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAN and OPCH?
On 3 years of weekly data the AKAN/OPCH correlation comes out at -0.33, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.57) runs below the 3-year figure (-0.33). The 5-year figure is -0.26, and annualized covariance runs at -3510.3 %².
OPCH is close to the least connected end of AKAN's tracked universe, ranking #26 of 26. Correlation aside, the last 12 months split them widely, with OPCH ahead by 79.1 points (-95.2% versus -16.1%). Note the risk asymmetry: AKAN runs 7.7 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 OPCH: side by side
| AKAN (Akanda Corp.) | OPCH (Option Care Health, Inc.) | |
|---|---|---|
| 1-year return | -95.2% | -16.1% |
| 5-year return | -100.0% | -8.7% |
| Volatility (ann.) | 285.6% | 37.1% |
| Beta vs S&P 500 | 2.86 | 0.56 |
| Max drawdown (3Y) | -99.9% | -46.7% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | 18.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AKAN | OPCH |
|---|---|---|
| 2022 | – | +5.8% |
| 2023 | -70.5% | +12.0% |
| 2024 | -95.5% | -31.1% |
| 2025 | -90.9% | +37.3% |
| 2026 | -58.9% | -24.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAN and OPCH good diversifiers for each other?
Yes. With a correlation of -0.33, AKAN and OPCH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AKAN and OPCH?
Using weekly returns as of 2026-08-27: -0.33 over 3 years, with -0.57 over the last year and -0.26 over 5 years.
Is OPCH a good diversifier for AKAN?
Yes. With a correlation of -0.33, AKAN and OPCH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 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/akan-vs-opch.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akan-vs-opch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AKAN correlations · OPCH correlations
