GM vs OMF: Correlation
Measured on weekly returns over the past three years, General Motors (GM) and OneMain Holdings, Inc. (OMF) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GM and OMF?
Across a 3-year window, the weekly returns of GM and OMF correlate at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 592.6 %².
OMF is one of the assets that tracks GM most closely: it ranks #2 out of the 35 assets we track against GM. The last year tells two different stories: GM led by 36.2 percentage points, +48.0% for GM against +11.8% for OMF.
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.
GM vs OMF: side by side
| GM (General Motors) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | +48.0% | +11.8% |
| 5-year return | +82.5% | +68.1% |
| Volatility (ann.) | 32.2% | 31.8% |
| Beta vs S&P 500 | 0.98 | 1.27 |
| Max drawdown (3Y) | -29.1% | -29.9% |
| Market cap | $77.9B | $7.3B |
| P/E (trailing) | 38.6 | 9.5 |
| Dividend yield | 0.76% | 6.64% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | GM | OMF |
|---|---|---|
| 2022 | -42.4% | -27.2% |
| 2023 | +7.9% | +63.0% |
| 2024 | +49.8% | +15.1% |
| 2025 | +54.2% | +39.8% |
| 2026 | +6.5% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GM and OMF good diversifiers for each other?
Only partially. A correlation of 0.58 means GM and OMF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GM and OMF?
As of 2026-08-27, the correlation of weekly returns between GM and OMF is 0.58 over 3 years, 0.54 over 1 year and 0.61 over 5 years.
Is OMF a good diversifier for GM?
Only partially. A correlation of 0.58 means GM and OMF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gm-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gm-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GM correlations · OMF correlations
