DE vs OSK: Correlation
How closely do Deere & Company (DE) and Oshkosh Corporation (Holding Company) (OSK) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DE and OSK?
Across a 3-year window, the weekly returns of DE and OSK correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.51, with an annualized covariance of 523.2 %².
Within DE's tracked universe of 33 assets, OSK comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with DE ahead by 16.9 points (+27.9% versus +11.0%).
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.
DE vs OSK: side by side
| DE (Deere & Company) | OSK (Oshkosh Corporation (Holding Company)) | |
|---|---|---|
| 1-year return | +27.9% | +11.0% |
| 5-year return | +74.5% | +47.4% |
| Volatility (ann.) | 26.7% | 37.0% |
| Beta vs S&P 500 | 0.65 | 1.14 |
| Max drawdown (3Y) | -19.9% | -36.7% |
| Market cap | $168.1B | $9.7B |
| P/E (trailing) | 35.2 | 18.1 |
| Dividend yield | 1.02% | 1.37% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | DE | OSK |
|---|---|---|
| 2022 | +26.6% | -20.5% |
| 2023 | -5.5% | +25.2% |
| 2024 | +7.6% | -10.8% |
| 2025 | +11.4% | +34.5% |
| 2026 | +34.5% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DE and OSK good diversifiers for each other?
Only partially. A correlation of 0.53 means DE and OSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between DE and OSK?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.54 over the last year and 0.51 over 5 years.
Is OSK a good diversifier for DE?
Only partially. A correlation of 0.53 means DE and OSK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.53 mean?
A reading of 0.53 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/de-vs-osk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/de-vs-osk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DE correlations · OSK correlations
