AOMR vs COFS: Correlation
How closely do Angel Oak Mortgage REIT, Inc. (AOMR) and ChoiceOne Financial Services, Inc. (COFS) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOMR and COFS?
Across a 3-year window, the weekly returns of AOMR and COFS correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.26, with an annualized covariance of 541.3 %².
Few assets follow AOMR as closely as COFS, which ranks #2 of 13 tracked partners. On 12-month performance COFS holds a 9.8-point edge, +0.9% against +10.7%.
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.
AOMR vs COFS: side by side
| AOMR (Angel Oak Mortgage REIT, Inc.) | COFS (ChoiceOne Financial Services, Inc.) | |
|---|---|---|
| 1-year return | +0.9% | +10.7% |
| 5-year return | -9.4% | +66.4% |
| Volatility (ann.) | 28.0% | 36.3% |
| Beta vs S&P 500 | 0.54 | 0.84 |
| Max drawdown (3Y) | -37.2% | -34.9% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | 11.3 | 8.8 |
| Dividend yield | 15.31% | 3.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOMR | COFS |
|---|---|---|
| 2022 | -67.3% | +14.4% |
| 2023 | +159.9% | +5.3% |
| 2024 | -1.9% | +26.3% |
| 2025 | +6.2% | -14.0% |
| 2026 | +8.9% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOMR and COFS good diversifiers for each other?
Only partially. A correlation of 0.53 means AOMR and COFS 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 AOMR and COFS?
The AOMR/COFS correlation stands at 0.53 on a 3-year window (1 year: 0.46, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is COFS a good diversifier for AOMR?
Only partially. A correlation of 0.53 means AOMR and COFS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: AOMR correlations · COFS correlations
