GIC vs OSK: Correlation
How closely do Global Industrial Company (GIC) and Oshkosh Corporation (Holding Company) (OSK) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIC and OSK?
On 3 years of weekly data the GIC/OSK correlation comes out at 0.55, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.68 versus 0.55 over 3 years. The 5-year figure is 0.52, and annualized covariance runs at 724.2 %².
By 3-year correlation, OSK places #4 of the 14 assets tracked against GIC. Twelve-month performance is nearly a tie, at +8.7% for GIC and +11.0% for OSK.
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.
GIC vs OSK: side by side
| GIC (Global Industrial Company) | OSK (Oshkosh Corporation (Holding Company)) | |
|---|---|---|
| 1-year return | +8.7% | +11.0% |
| 5-year return | +21.2% | +47.4% |
| Volatility (ann.) | 35.8% | 37.0% |
| Beta vs S&P 500 | 0.84 | 1.14 |
| Max drawdown (3Y) | -53.2% | -36.7% |
| Market cap | $1.5B | $9.7B |
| P/E (trailing) | 17.8 | 18.1 |
| Dividend yield | 2.74% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIC | OSK |
|---|---|---|
| 2022 | -41.0% | -20.5% |
| 2023 | +69.7% | +25.2% |
| 2024 | -34.3% | -10.8% |
| 2025 | +22.4% | +34.5% |
| 2026 | +39.1% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIC and OSK good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between GIC and OSK?
As of 2026-08-27, the correlation of weekly returns between GIC and OSK is 0.55 over 3 years, 0.68 over 1 year and 0.52 over 5 years.
Is OSK a good diversifier for GIC?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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.
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Related comparisons
Hubs: GIC correlations · OSK correlations
