GOVX vs OXSQ: Correlation
GeoVax Labs, Inc. (GOVX) and Oxford Square Capital Corp. - Closed End Fund (OXSQ) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GOVX and OXSQ?
On 3 years of weekly data the GOVX/OXSQ correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.51 versus -0.27 over 3 years. The 5-year figure is -0.08, and annualized covariance runs at -1617.9 %².
Among the 16 assets we track against GOVX, OXSQ sits near the bottom by co-movement, at rank #16. The last year tells two different stories: OXSQ led by 75.3 percentage points, -96.2% for GOVX against -20.9% for OXSQ. Risk is not evenly split, since GOVX carries 8.8 times the volatility of the other side.
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.
GOVX vs OXSQ: side by side
| GOVX (GeoVax Labs, Inc.) | OXSQ (Oxford Square Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -96.2% | -20.9% |
| 5-year return | -100.0% | -29.3% |
| Volatility (ann.) | 230.2% | 26.1% |
| Beta vs S&P 500 | 2.89 | 0.39 |
| Max drawdown (3Y) | -99.7% | -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 | GOVX | OXSQ |
|---|---|---|
| 2022 | -82.6% | -14.4% |
| 2023 | -42.7% | +9.2% |
| 2024 | -54.4% | -1.9% |
| 2025 | -93.1% | -13.3% |
| 2026 | -83.2% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GOVX and OXSQ good diversifiers for each other?
Yes. With a correlation of -0.27, GOVX and OXSQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GOVX and OXSQ?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.51 over the last year and -0.08 over 5 years.
Is OXSQ a good diversifier for GOVX?
Yes. With a correlation of -0.27, GOVX 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/govx-vs-oxsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/govx-vs-oxsq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GOVX correlations · OXSQ correlations
