MPV vs OSS: Correlation
How closely do Barings Participation Investors (MPV) and One Stop Systems, Inc. (OSS) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MPV and OSS?
Over the past 3 years, MPV and OSS moved with a correlation of 0.31, which is moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.31 over 3. Over 5 years the correlation is 0.26, and the annualized covariance of weekly returns is 538.7 %².
Within MPV's tracked universe of 11 assets, OSS comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OSS ahead by 94.4 points (-13.9% versus +80.5%). One caveat on sizing: OSS is 3.9 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.
MPV vs OSS: side by side
| MPV (Barings Participation Investors) | OSS (One Stop Systems, Inc.) | |
|---|---|---|
| 1-year return | -13.9% | +80.5% |
| 5-year return | +72.3% | +103.2% |
| Volatility (ann.) | 21.0% | 82.4% |
| Beta vs S&P 500 | 0.27 | 1.82 |
| Max drawdown (3Y) | -20.8% | -56.0% |
| Market cap | $0.2B | $0.3B |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 9.41% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MPV | OSS |
|---|---|---|
| 2022 | -10.7% | -39.2% |
| 2023 | +39.1% | -30.2% |
| 2024 | +20.5% | +59.5% |
| 2025 | +0.7% | +114.3% |
| 2026 | +4.0% | +57.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MPV and OSS good diversifiers for each other?
Reasonably. At 0.31, MPV and OSS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MPV and OSS?
The MPV/OSS correlation stands at 0.31 on a 3-year window (1 year: 0.33, 5 years: 0.26), computed from weekly returns as of 2026-08-27.
Is OSS a good diversifier for MPV?
Reasonably. At 0.31, MPV and OSS keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.31 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: MPV correlations · OSS correlations
