ETSY vs ONEW: Correlation
How closely do Etsy, Inc. (ETSY) and OneWater Marine Inc. (ONEW) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETSY and ONEW?
Over the past 3 years, ETSY and ONEW moved with a correlation of 0.46, which is moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. Over 5 years the correlation is 0.40, and the annualized covariance of weekly returns is 1243.8 %².
Within ETSY's tracked universe of 12 assets, ONEW comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ETSY ahead by 85.6 points (+52.4% versus -33.2%).
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.
ETSY vs ONEW: side by side
| ETSY (Etsy, Inc.) | ONEW (OneWater Marine Inc.) | |
|---|---|---|
| 1-year return | +52.4% | -33.2% |
| 5-year return | -61.9% | -71.6% |
| Volatility (ann.) | 46.0% | 59.0% |
| Beta vs S&P 500 | 0.98 | 1.72 |
| Max drawdown (3Y) | -53.1% | -76.1% |
| Market cap | $7.6B | $0.2B |
| P/E (trailing) | 25.8 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ETSY | ONEW |
|---|---|---|
| 2022 | -45.3% | -53.1% |
| 2023 | -32.3% | +18.1% |
| 2024 | -34.7% | -48.6% |
| 2025 | +4.8% | -37.7% |
| 2026 | +49.6% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETSY and ONEW good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ETSY and ONEW?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.52 over the last year and 0.40 over 5 years.
Is ONEW a good diversifier for ETSY?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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/etsy-vs-onew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/etsy-vs-onew/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETSY correlations · ONEW correlations
