LOAR vs OIO: Correlation
Measured on weekly returns over the past three years, Loar Holdings Inc. (LOAR) and OIO Group (OIO) carry a correlation of 0.27, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LOAR and OIO?
Over the past 3 years, LOAR and OIO moved with a correlation of 0.27, which is weak. The past 12 months show a tighter link (0.44) than the 3-year average (0.27). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1270.7 %².
Within LOAR's tracked universe of 23 assets, OIO comes in at #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LOAR ahead by 73.7 points (-0.4% versus -74.1%). Risk is not evenly split, since OIO carries 2.1 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.
LOAR vs OIO: side by side
| LOAR (Loar Holdings Inc.) | OIO (OIO Group) | |
|---|---|---|
| 1-year return | -0.4% | -74.1% |
| 5-year return | n/a | -93.0% |
| Volatility (ann.) | 49.2% | 100.9% |
| Beta vs S&P 500 | 1.21 | 0.48 |
| Max drawdown (3Y) | -46.0% | -87.4% |
| Market cap | $6.8B | $0.7B |
| P/E (trailing) | 102.9 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LOAR | OIO |
|---|---|---|
| 2023 | – | -93.1% |
| 2024 | – | +91.1% |
| 2025 | -8.0% | +200.8% |
| 2026 | +7.5% | -82.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LOAR and OIO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LOAR and OIO?
Using weekly returns as of 2026-08-27: 0.27 over 3 years, with 0.44 over the last year and n/a over 5 years.
Is OIO a good diversifier for LOAR?
Yes, to a useful degree: a correlation of 0.27 leaves real independence between the two, which historically damped combined volatility.
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/loar-vs-oio.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/loar-vs-oio/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LOAR correlations · OIO correlations
