ATEC vs OMF: Correlation
Measured on weekly returns over the past three years, Alphatec Holdings, Inc. (ATEC) and OneMain Holdings, Inc. (OMF) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATEC and OMF?
Over the past 3 years, ATEC and OMF moved with a correlation of 0.40, which is moderate. Recent behaviour matches the longer record: 0.46 over 1 year against 0.40 over 3. Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 912.2 %².
Among the 11 assets we track against ATEC, OMF ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OMF ahead by 52.7 points (-40.9% versus +11.8%). Risk is not evenly split, since ATEC carries 2.2 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.
ATEC vs OMF: side by side
| ATEC (Alphatec Holdings, Inc.) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | -40.9% | +11.8% |
| 5-year return | -29.0% | +68.1% |
| Volatility (ann.) | 71.5% | 31.8% |
| Beta vs S&P 500 | 0.88 | 1.27 |
| Max drawdown (3Y) | -70.3% | -29.9% |
| Market cap | $1.5B | $7.3B |
| P/E (trailing) | – | 9.5 |
| Dividend yield | 0.00% | 6.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATEC | OMF |
|---|---|---|
| 2022 | +8.0% | -27.2% |
| 2023 | +22.3% | +63.0% |
| 2024 | -39.2% | +15.1% |
| 2025 | +129.2% | +39.8% |
| 2026 | -54.5% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATEC and OMF good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ATEC and OMF?
As of 2026-08-27, the correlation of weekly returns between ATEC and OMF is 0.40 over 3 years, 0.46 over 1 year and 0.35 over 5 years.
Is OMF a good diversifier for ATEC?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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/atec-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atec-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATEC correlations · OMF correlations
