AOMR vs COHN: Correlation
How closely do Angel Oak Mortgage REIT, Inc. (AOMR) and Cohen & Company Inc. (COHN) trade together? Their weekly returns over three years give a correlation of 0.32, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOMR and COHN?
On 3 years of weekly data the AOMR/COHN correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.34 lands near the 3-year figure. The 5-year figure is 0.23, and annualized covariance runs at 731.4 %².
Among the 13 assets we track against AOMR, COHN ranks #8 by 3-year correlation. Over the last 12 months COHN came out ahead by 6.2 percentage points (+0.9% against +7.1%). Risk is not evenly split, since COHN carries 2.9 times the volatility of the other side.
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 COHN: side by side
| AOMR (Angel Oak Mortgage REIT, Inc.) | COHN (Cohen & Company Inc.) | |
|---|---|---|
| 1-year return | +0.9% | +7.1% |
| 5-year return | -9.4% | -2.6% |
| Volatility (ann.) | 28.0% | 81.7% |
| Beta vs S&P 500 | 0.54 | 0.90 |
| Max drawdown (3Y) | -37.2% | -62.6% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.3 | 2.3 |
| Dividend yield | 15.31% | 9.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOMR | COHN |
|---|---|---|
| 2022 | -67.3% | -36.7% |
| 2023 | +159.9% | -9.7% |
| 2024 | -1.9% | +73.4% |
| 2025 | +6.2% | +149.5% |
| 2026 | +8.9% | -44.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOMR and COHN good diversifiers for each other?
Reasonably. At 0.32, AOMR and COHN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AOMR and COHN?
As of 2026-08-27, the correlation of weekly returns between AOMR and COHN is 0.32 over 3 years, 0.34 over 1 year and 0.23 over 5 years.
Is COHN a good diversifier for AOMR?
Reasonably. At 0.32, AOMR and COHN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
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/aomr-vs-cohn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aomr-vs-cohn/)
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Related comparisons
Hubs: AOMR correlations · COHN correlations
