OFS vs WVVI: Correlation
Measured on weekly returns over the past three years, OFS Capital Corporation - Closed End Fund (OFS) and Willamette Valley Vineyards, Inc. (WVVI) carry a correlation of 0.26, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OFS and WVVI?
On 3 years of weekly data the OFS/WVVI correlation comes out at 0.26, weak. The link has tightened recently: the 1-year correlation (0.42) runs above the 3-year figure (0.26). The 5-year figure is 0.22, and annualized covariance runs at 382.1 %².
WVVI is close to the least connected end of OFS's tracked universe, ranking #10 of 13. Neither side won the trailing year by much: -47.4% against -48.6%.
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.
OFS vs WVVI: side by side
| OFS (OFS Capital Corporation - Closed End Fund) | WVVI (Willamette Valley Vineyards, Inc.) | |
|---|---|---|
| 1-year return | -47.4% | -48.6% |
| 5-year return | -31.5% | -82.5% |
| Volatility (ann.) | 34.0% | 42.6% |
| Beta vs S&P 500 | 0.69 | 0.37 |
| Max drawdown (3Y) | -67.0% | -65.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 23.22% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OFS | WVVI |
|---|---|---|
| 2022 | +3.3% | -31.1% |
| 2023 | +29.9% | -10.2% |
| 2024 | -20.2% | -37.5% |
| 2025 | -31.6% | -9.0% |
| 2026 | -14.3% | -27.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OFS and WVVI good diversifiers for each other?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OFS and WVVI?
The OFS/WVVI correlation stands at 0.26 on a 3-year window (1 year: 0.42, 5 years: 0.22), computed from weekly returns as of 2026-08-27.
Is WVVI a good diversifier for OFS?
A fair diversifier. At 0.26, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.26 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.
Use this data
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Related comparisons
Hubs: OFS correlations · WVVI correlations
