ARHS vs OC: Correlation
Arhaus, Inc. (ARHS) and Owens Corning Inc (OC) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARHS and OC?
Over the past 3 years, ARHS and OC moved with a correlation of 0.55, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.55 over 3. Over 5 years the correlation is 0.44, and the annualized covariance of weekly returns is 1108.4 %².
Few assets follow ARHS as closely as OC, which ranks #1 of 15 tracked partners. The last year tells two different stories: OC led by 19.3 percentage points, -22.9% for ARHS against -3.6% for OC. Note the risk asymmetry: ARHS runs 1.6 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.
ARHS vs OC: side by side
| ARHS (Arhaus, Inc.) | OC (Owens Corning Inc) | |
|---|---|---|
| 1-year return | -22.9% | -3.6% |
| 5-year return | -25.3% | +60.3% |
| Volatility (ann.) | 57.7% | 35.1% |
| Beta vs S&P 500 | 1.73 | 1.41 |
| Max drawdown (3Y) | -69.3% | -52.5% |
| Market cap | $1.2B | $11.4B |
| P/E (trailing) | 18.0 | – |
| Dividend yield | 0.00% | 2.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARHS | OC |
|---|---|---|
| 2022 | -26.4% | -4.2% |
| 2023 | +21.5% | +77.2% |
| 2024 | -17.9% | +16.6% |
| 2025 | +19.3% | -33.0% |
| 2026 | -17.5% | +30.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARHS and OC good diversifiers for each other?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ARHS and OC?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.61 over the last year and 0.44 over 5 years.
Is OC a good diversifier for ARHS?
Somewhat, no more. With 0.55 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.55 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.
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Related comparisons
Hubs: ARHS correlations · OC correlations
