EUDA vs OIO: Correlation
How closely do Euda Health Holdings Limited (EUDA) and OIO Group (OIO) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EUDA and OIO?
Over the past 3 years, EUDA and OIO moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.48) runs below the 3-year figure (-0.26). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -3690.4 %².
Among the 13 assets we track against EUDA, OIO sits near the bottom by co-movement, at rank #13. Over the last 12 months EUDA came out ahead by 6.9 percentage points (-67.2% against -74.1%).
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.
EUDA vs OIO: side by side
| EUDA (Euda Health Holdings Limited) | OIO (OIO Group) | |
|---|---|---|
| 1-year return | -67.2% | -74.1% |
| 5-year return | -92.2% | -93.0% |
| Volatility (ann.) | 139.0% | 100.9% |
| Beta vs S&P 500 | 0.75 | 0.48 |
| Max drawdown (3Y) | -95.7% | -87.4% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EUDA | OIO |
|---|---|---|
| 2022 | -83.1% | – |
| 2023 | -13.2% | -93.1% |
| 2024 | +212.9% | +91.1% |
| 2025 | -48.4% | +200.8% |
| 2026 | -67.5% | -82.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EUDA and OIO good diversifiers for each other?
Yes. With a correlation of -0.26, EUDA and OIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EUDA and OIO?
The EUDA/OIO correlation stands at -0.26 on a 3-year window (1 year: -0.48, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is OIO a good diversifier for EUDA?
Yes. With a correlation of -0.26, EUDA and OIO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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/euda-vs-oio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/euda-vs-oio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EUDA correlations · OIO correlations
