DBX vs OOMA: Correlation
How closely do Dropbox, Inc. (DBX) and Ooma, Inc. (OOMA) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBX and OOMA?
On 3 years of weekly data the DBX/OOMA correlation comes out at 0.45, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.63 versus 0.45 over 3 years. The 5-year figure is 0.40, and annualized covariance runs at 567.3 %².
Within DBX's tracked universe of 18 assets, OOMA comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OOMA outperformed by 49.8 percentage points (+24.5% for DBX against +74.3% for OOMA).
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.
DBX vs OOMA: side by side
| DBX (Dropbox, Inc.) | OOMA (Ooma, Inc.) | |
|---|---|---|
| 1-year return | +24.5% | +74.3% |
| 5-year return | +14.9% | +23.7% |
| Volatility (ann.) | 32.7% | 38.7% |
| Beta vs S&P 500 | 0.86 | 0.76 |
| Max drawdown (3Y) | -37.4% | -53.4% |
| Market cap | $7.8B | $0.6B |
| P/E (trailing) | 19.2 | 62.3 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBX | OOMA |
|---|---|---|
| 2022 | -8.8% | -33.4% |
| 2023 | +31.7% | -21.2% |
| 2024 | +1.9% | +31.0% |
| 2025 | -7.5% | -16.6% |
| 2026 | +29.1% | +96.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBX and OOMA good diversifiers for each other?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DBX and OOMA?
As of 2026-08-27, the correlation of weekly returns between DBX and OOMA is 0.45 over 3 years, 0.63 over 1 year and 0.40 over 5 years.
Is OOMA a good diversifier for DBX?
A fair diversifier. At 0.45, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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/dbx-vs-ooma.json
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Related comparisons
Hubs: DBX correlations · OOMA correlations
