ENVA vs OMF: Correlation
Measured on weekly returns over the past three years, Enova International, Inc. (ENVA) and OneMain Holdings, Inc. (OMF) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVA and OMF?
Across a 3-year window, the weekly returns of ENVA and OMF correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 922.9 %².
OMF is one of the assets that tracks ENVA most closely: it ranks #3 out of the 16 assets we track against ENVA. Correlation aside, the last 12 months split them widely, with ENVA ahead by 86.3 points (+98.1% versus +11.8%).
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.
ENVA vs OMF: side by side
| ENVA (Enova International, Inc.) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | +98.1% | +11.8% |
| 5-year return | +622.4% | +68.1% |
| Volatility (ann.) | 40.6% | 31.8% |
| Beta vs S&P 500 | 1.27 | 1.27 |
| Max drawdown (3Y) | -30.0% | -29.9% |
| Market cap | $5.9B | $7.3B |
| P/E (trailing) | 17.6 | 9.5 |
| Dividend yield | 0.00% | 6.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVA | OMF |
|---|---|---|
| 2022 | -6.3% | -27.2% |
| 2023 | +44.3% | +63.0% |
| 2024 | +73.2% | +15.1% |
| 2025 | +64.0% | +39.8% |
| 2026 | +51.0% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVA and OMF good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ENVA and OMF?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.71 over the last year and 0.70 over 5 years.
Is OMF a good diversifier for ENVA?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/enva-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/enva-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENVA correlations · OMF correlations
