MXC vs OXM: Correlation
How closely do Mexco Energy Corporation (MXC) and Oxford Industries, Inc. (OXM) trade together? Their weekly returns over three years give a correlation of -0.33, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and OXM?
Across a 3-year window, the weekly returns of MXC and OXM correlate at -0.33, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.25 lands near the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -968.0 %².
OXM is close to the least connected end of MXC's tracked universe, ranking #56 of 56. The last year tells two different stories: MXC led by 30.8 percentage points, +21.6% for MXC against -9.2% for OXM.
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.
MXC vs OXM: side by side
| MXC (Mexco Energy Corporation) | OXM (Oxford Industries, Inc.) | |
|---|---|---|
| 1-year return | +21.6% | -9.2% |
| 5-year return | +7.2% | -50.3% |
| Volatility (ann.) | 62.1% | 47.0% |
| Beta vs S&P 500 | -0.31 | 1.00 |
| Max drawdown (3Y) | -60.6% | -69.4% |
| Market cap | – | $0.6B |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.02% | 7.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXC | OXM |
|---|---|---|
| 2022 | +33.0% | -6.1% |
| 2023 | -26.2% | +10.0% |
| 2024 | +24.6% | -18.9% |
| 2025 | -10.8% | -54.0% |
| 2026 | -0.6% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and OXM good diversifiers for each other?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between MXC and OXM?
As of 2026-08-27, the correlation of weekly returns between MXC and OXM is -0.33 over 3 years, -0.25 over 1 year and -0.16 over 5 years.
Is OXM a good diversifier for MXC?
Yes: at -0.33, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.33 mean?
A reading of -0.33 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/mxc-vs-oxm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mxc-vs-oxm/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MXC correlations · OXM correlations
