GIPR vs OXSQ: Correlation
How closely do Generation Income Properties Inc. (GIPR) and Oxford Square Capital Corp. - Closed End Fund (OXSQ) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIPR and OXSQ?
On 3 years of weekly data the GIPR/OXSQ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.32 over 1 year against -0.27 over 3. The 5-year figure is -0.16, and annualized covariance runs at -776.3 %².
OXSQ is close to the least connected end of GIPR's tracked universe, ranking #12 of 13. Correlation aside, the last 12 months split them widely, with OXSQ ahead by 74.3 points (-95.2% versus -20.9%). One caveat on sizing: GIPR is 4.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
GIPR vs OXSQ: side by side
| GIPR (Generation Income Properties Inc.) | OXSQ (Oxford Square Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -95.2% | -20.9% |
| 5-year return | -99.3% | -29.3% |
| Volatility (ann.) | 110.2% | 26.1% |
| Beta vs S&P 500 | 1.42 | 0.39 |
| Max drawdown (3Y) | -99.4% | -46.0% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 31.11% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIPR | OXSQ |
|---|---|---|
| 2022 | -14.6% | -14.4% |
| 2023 | -9.2% | +9.2% |
| 2024 | -51.1% | -1.9% |
| 2025 | -64.8% | -13.3% |
| 2026 | -93.0% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIPR and OXSQ good diversifiers for each other?
Yes. With a correlation of -0.27, GIPR and OXSQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIPR and OXSQ?
As of 2026-08-27, the correlation of weekly returns between GIPR and OXSQ is -0.27 over 3 years, -0.32 over 1 year and -0.16 over 5 years.
Is OXSQ a good diversifier for GIPR?
Yes. With a correlation of -0.27, GIPR and OXSQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 mean?
On the −1 to +1 scale, -0.27 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/gipr-vs-oxsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gipr-vs-oxsq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIPR correlations · OXSQ correlations
