EMPD vs OPEN: Correlation
Empery Digital Inc. (EMPD) and Opendoor Technologies Inc (OPEN) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMPD and OPEN?
Over the past 3 years, EMPD and OPEN moved with a correlation of 0.43, which is moderate. The past 12 months show a weaker link (0.19) than the 3-year average (0.43). Over 5 years the correlation is 0.35, and the annualized covariance of weekly returns is 8398.0 %².
In EMPD's tracked universe of 10 assets, OPEN sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months OPEN outperformed by 39.5 percentage points (-55.4% for EMPD against -15.9% for OPEN).
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.
EMPD vs OPEN: side by side
| EMPD (Empery Digital Inc.) | OPEN (Opendoor Technologies Inc) | |
|---|---|---|
| 1-year return | -55.4% | -15.9% |
| 5-year return | -100.0% | -80.8% |
| Volatility (ann.) | 135.0% | 145.6% |
| Beta vs S&P 500 | 1.57 | 2.46 |
| Max drawdown (3Y) | -100.0% | -89.2% |
| Market cap | $0.1B | $3.3B |
| P/E (trailing) | 3.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMPD | OPEN |
|---|---|---|
| 2022 | -90.6% | -92.1% |
| 2023 | -98.0% | +286.2% |
| 2024 | -99.9% | -64.3% |
| 2025 | -86.9% | +264.4% |
| 2026 | -31.4% | -42.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMPD and OPEN good diversifiers for each other?
Reasonably. At 0.43, EMPD and OPEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EMPD and OPEN?
The EMPD/OPEN correlation stands at 0.43 on a 3-year window (1 year: 0.19, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is OPEN a good diversifier for EMPD?
Reasonably. At 0.43, EMPD and OPEN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/empd-vs-open.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/empd-vs-open/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMPD correlations · OPEN correlations
