COF vs OMF: Correlation
Measured on weekly returns over the past three years, Capital One (COF) and OneMain Holdings, Inc. (OMF) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COF and OMF?
Over the past 3 years, COF and OMF moved with a correlation of 0.78, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.78 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 760.9 %².
OMF is one of the assets that tracks COF most closely: it ranks #3 out of the 29 assets we track against COF. The trailing year gives OMF the advantage: -2.0% versus +11.8%, a 13.8-point spread.
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.
COF vs OMF: side by side
| COF (Capital One) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | -2.0% | +11.8% |
| 5-year return | +43.2% | +68.1% |
| Volatility (ann.) | 30.6% | 31.8% |
| Beta vs S&P 500 | 1.28 | 1.27 |
| Max drawdown (3Y) | -31.5% | -29.9% |
| Market cap | $132.9B | $7.3B |
| P/E (trailing) | 12.0 | 9.5 |
| Dividend yield | 1.38% | 6.64% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COF | OMF |
|---|---|---|
| 2022 | -34.6% | -27.2% |
| 2023 | +44.3% | +63.0% |
| 2024 | +38.2% | +15.1% |
| 2025 | +37.6% | +39.8% |
| 2026 | -9.6% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COF and OMF good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COF and OMF?
The COF/OMF correlation stands at 0.78 on a 3-year window (1 year: 0.68, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is OMF a good diversifier for COF?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 mean?
A reading of 0.78 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cof-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cof-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COF correlations · OMF correlations
