INM vs OXSQ: Correlation
InMed Pharmaceuticals Inc. (INM) and Oxford Square Capital Corp. - Closed End Fund (OXSQ) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INM and OXSQ?
Across a 3-year window, the weekly returns of INM and OXSQ correlate at -0.29, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.53) than the 3-year average (-0.29). Stretching to 5 years gives -0.13, with an annualized covariance of -1286.7 %².
OXSQ is close to the least connected end of INM's tracked universe, ranking #18 of 18. Their recent paths diverged sharply: over the last 12 months OXSQ outperformed by 15.5 percentage points (-36.4% for INM against -20.9% for OXSQ). Note the risk asymmetry: INM runs 6.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
INM vs OXSQ: side by side
| INM (InMed Pharmaceuticals Inc.) | OXSQ (Oxford Square Capital Corp. - Closed End Fund) | |
|---|---|---|
| 1-year return | -36.4% | -20.9% |
| 5-year return | -99.9% | -29.3% |
| Volatility (ann.) | 169.8% | 26.1% |
| Beta vs S&P 500 | 2.62 | 0.39 |
| Max drawdown (3Y) | -96.9% | -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 | INM | OXSQ |
|---|---|---|
| 2022 | -93.8% | -14.4% |
| 2023 | -79.4% | +9.2% |
| 2024 | -43.0% | -1.9% |
| 2025 | -77.6% | -13.3% |
| 2026 | +34.9% | -8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INM and OXSQ good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INM and OXSQ?
The INM/OXSQ correlation stands at -0.29 on a 3-year window (1 year: -0.53, 5 years: -0.13), computed from weekly returns as of 2026-08-27.
Is OXSQ a good diversifier for INM?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
A reading of -0.29 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/inm-vs-oxsq.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/inm-vs-oxsq/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: INM correlations · OXSQ correlations
