NRDS vs OMF: Correlation
How closely do NerdWallet, Inc. (NRDS) and OneMain Holdings, Inc. (OMF) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NRDS and OMF?
On 3 years of weekly data the NRDS/OMF correlation comes out at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 882.5 %².
Few assets follow NRDS as closely as OMF, which ranks #1 of 12 tracked partners. Correlation aside, the last 12 months split them widely, with OMF ahead by 19.2 points (-7.4% versus +11.8%). Note the risk asymmetry: NRDS runs 1.7 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.
NRDS vs OMF: side by side
| NRDS (NerdWallet, Inc.) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | -7.4% | +11.8% |
| 5-year return | -65.7% | +68.1% |
| Volatility (ann.) | 55.3% | 31.8% |
| Beta vs S&P 500 | 1.08 | 1.27 |
| Max drawdown (3Y) | -55.4% | -29.9% |
| Market cap | $0.6B | $7.3B |
| P/E (trailing) | 10.9 | 9.5 |
| Dividend yield | 0.00% | 6.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | NRDS | OMF |
|---|---|---|
| 2022 | -38.3% | -27.2% |
| 2023 | +53.3% | +63.0% |
| 2024 | -9.6% | +15.1% |
| 2025 | +1.9% | +39.8% |
| 2026 | -28.4% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NRDS and OMF good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between NRDS and OMF?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.47 over the last year and 0.37 over 5 years.
Is OMF a good diversifier for NRDS?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/nrds-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nrds-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NRDS correlations · OMF correlations
