ALG vs OSK: Correlation
Measured on weekly returns over the past three years, Alamo Group, Inc. (ALG) and Oshkosh Corporation (Holding Company) (OSK) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALG and OSK?
Over the past 3 years, ALG and OSK moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 730.6 %².
Few assets follow ALG as closely as OSK, which ranks #1 of 17 tracked partners. Their recent paths diverged sharply: over the last 12 months OSK outperformed by 35.0 percentage points (-24.0% for ALG against +11.0% for OSK).
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.
ALG vs OSK: side by side
| ALG (Alamo Group, Inc.) | OSK (Oshkosh Corporation (Holding Company)) | |
|---|---|---|
| 1-year return | -24.0% | +11.0% |
| 5-year return | +9.2% | +47.4% |
| Volatility (ann.) | 30.3% | 37.0% |
| Beta vs S&P 500 | 0.83 | 1.14 |
| Max drawdown (3Y) | -36.3% | -36.7% |
| Market cap | $2.0B | $9.7B |
| P/E (trailing) | 19.8 | 18.1 |
| Dividend yield | 0.78% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALG | OSK |
|---|---|---|
| 2022 | -3.3% | -20.5% |
| 2023 | +49.2% | +25.2% |
| 2024 | -11.1% | -10.8% |
| 2025 | -9.1% | +34.5% |
| 2026 | -1.7% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALG and OSK good diversifiers for each other?
Only partially. A correlation of 0.65 means ALG 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 ALG and OSK?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.68 over the last year and 0.62 over 5 years.
Is OSK a good diversifier for ALG?
Only partially. A correlation of 0.65 means ALG 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 0.65 mean?
On the −1 to +1 scale, 0.65 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: ALG correlations · OSK correlations
