BHM vs ODD: Correlation
Measured on weekly returns over the past three years, Bluerock Homes Trust, Inc. (BHM) and ODDITY Tech Ltd. - Class A (ODD) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHM and ODD?
Over the past 3 years, BHM and ODD moved with a correlation of 0.26, which is weak. The relationship has been stable: the 1-year correlation (0.35) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 818.2 %².
Among the 18 assets we track against BHM, ODD ranks #4 by 3-year correlation. The last year tells two different stories: BHM led by 40.7 percentage points, -34.5% for BHM against -75.2% for ODD. Note the risk asymmetry: ODD runs 1.8 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.
BHM vs ODD: side by side
| BHM (Bluerock Homes Trust, Inc.) | ODD (ODDITY Tech Ltd. - Class A) | |
|---|---|---|
| 1-year return | -34.5% | -75.2% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 41.3% | 75.9% |
| Beta vs S&P 500 | 0.13 | 1.78 |
| Max drawdown (3Y) | -54.9% | -87.3% |
| Market cap | $0.1B | $0.7B |
| P/E (trailing) | – | 18.3 |
| Dividend yield | 5.85% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHM | ODD |
|---|---|---|
| 2023 | -29.7% | – |
| 2024 | -5.1% | -9.7% |
| 2025 | -15.9% | -4.4% |
| 2026 | -19.4% | -62.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHM and ODD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BHM and ODD?
Using weekly returns as of 2026-08-27: 0.26 over 3 years, with 0.35 over the last year and n/a over 5 years.
Is ODD a good diversifier for BHM?
Yes, to a useful degree: a correlation of 0.26 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.26 mean?
On the −1 to +1 scale, 0.26 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/bhm-vs-odd.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhm-vs-odd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BHM correlations · ODD correlations
