AOMR vs PSIG: Correlation
Measured on weekly returns over the past three years, Angel Oak Mortgage REIT, Inc. (AOMR) and PS International Group Ltd. (PSIG) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOMR and PSIG?
On 3 years of weekly data the AOMR/PSIG correlation comes out at -0.24, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.35 versus -0.24 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -999.0 %².
Among the 13 assets we track against AOMR, PSIG sits near the bottom by co-movement, at rank #11. Correlation aside, the last 12 months split them widely, with AOMR ahead by 54.8 points (+0.9% versus -53.9%). Note the risk asymmetry: PSIG runs 5.6 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.
AOMR vs PSIG: side by side
| AOMR (Angel Oak Mortgage REIT, Inc.) | PSIG (PS International Group Ltd.) | |
|---|---|---|
| 1-year return | +0.9% | -53.9% |
| 5-year return | -9.4% | n/a |
| Volatility (ann.) | 28.0% | 157.0% |
| Beta vs S&P 500 | 0.54 | 0.97 |
| Max drawdown (3Y) | -37.2% | -96.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | 11.3 | – |
| Dividend yield | 15.31% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOMR | PSIG |
|---|---|---|
| 2022 | -67.3% | – |
| 2023 | +159.9% | – |
| 2024 | -1.9% | – |
| 2025 | +6.2% | +8.3% |
| 2026 | +8.9% | -62.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOMR and PSIG good diversifiers for each other?
Yes. With a correlation of -0.24, AOMR and PSIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AOMR and PSIG?
As of 2026-08-27, the correlation of weekly returns between AOMR and PSIG is -0.24 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is PSIG a good diversifier for AOMR?
Yes. With a correlation of -0.24, AOMR and PSIG have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.24 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/aomr-vs-psig.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aomr-vs-psig/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AOMR correlations · PSIG correlations
