AON vs OMEX: Correlation
How closely do Aon plc (AON) and Odyssey Marine Exploration, Inc. (OMEX) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AON and OMEX?
Over the past 3 years, AON and OMEX moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.05) than the 3-year average (-0.20). Over 5 years the correlation is -0.13, and the annualized covariance of weekly returns is -654.2 %².
Among the 32 assets we track against AON, OMEX ranks #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months AON outperformed by 48.4 percentage points (-4.6% for AON against -53.0% for OMEX). Risk is not evenly split, since OMEX carries 7.0 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.
AON vs OMEX: side by side
| AON (Aon plc) | OMEX (Odyssey Marine Exploration, Inc.) | |
|---|---|---|
| 1-year return | -4.6% | -53.0% |
| 5-year return | +27.0% | -83.6% |
| Volatility (ann.) | 21.7% | 152.5% |
| Beta vs S&P 500 | 0.34 | 2.12 |
| Max drawdown (3Y) | -24.2% | -94.6% |
| Market cap | $74.2B | $0.1B |
| P/E (trailing) | 19.5 | – |
| Dividend yield | 0.86% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | AON | OMEX |
|---|---|---|
| 2022 | +0.6% | -25.4% |
| 2023 | -2.3% | +19.8% |
| 2024 | +24.5% | -84.5% |
| 2025 | -1.2% | +172.2% |
| 2026 | -0.5% | -54.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AON and OMEX good diversifiers for each other?
Yes. With a correlation of -0.20, AON and OMEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AON and OMEX?
As of 2026-08-27, the correlation of weekly returns between AON and OMEX is -0.20 over 3 years, -0.05 over 1 year and -0.13 over 5 years.
Is OMEX a good diversifier for AON?
Yes. With a correlation of -0.20, AON and OMEX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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/aon-vs-omex.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aon-vs-omex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AON correlations · OMEX correlations
