FMC vs OGN: Correlation
FMC Corporation (FMC) and Organon & Co. (OGN) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMC and OGN?
On 3 years of weekly data the FMC/OGN correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.40 lands near the 3-year figure. The 5-year figure is 0.38, and annualized covariance runs at 1246.9 %².
Among the 14 assets we track against FMC, OGN ranks #6 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OGN outperformed by 123.0 percentage points (-72.2% for FMC against +50.8% for OGN).
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.
FMC vs OGN: side by side
| FMC (FMC Corporation) | OGN (Organon & Co.) | |
|---|---|---|
| 1-year return | -72.2% | +50.8% |
| 5-year return | -86.6% | -50.3% |
| Volatility (ann.) | 56.2% | 53.4% |
| Beta vs S&P 500 | 0.82 | 0.88 |
| Max drawdown (3Y) | -87.3% | -74.1% |
| Market cap | $1.3B | $3.6B |
| P/E (trailing) | – | 17.6 |
| Dividend yield | 7.40% | 0.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMC | OGN |
|---|---|---|
| 2022 | +15.7% | -4.9% |
| 2023 | -48.0% | -45.1% |
| 2024 | -19.7% | +9.9% |
| 2025 | -70.0% | -50.7% |
| 2026 | -22.2% | +93.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMC and OGN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FMC and OGN?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.40 over the last year and 0.38 over 5 years.
Is OGN a good diversifier for FMC?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 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/fmc-vs-ogn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fmc-vs-ogn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FMC correlations · OGN correlations
