OIO vs RAND: Correlation
How closely do OIO Group (OIO) and Rand Capital Corporation - Closed End Fund (RAND) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OIO and RAND?
On 3 years of weekly data the OIO/RAND correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.20 over 3. The 5-year figure is -0.16, and annualized covariance runs at -787.0 %².
Among the 13 assets we track against OIO, RAND ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months RAND outperformed by 52.4 percentage points (-74.1% for OIO against -21.7% for RAND). Risk is not evenly split, since OIO carries 2.6 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.
OIO vs RAND: side by side
| OIO (OIO Group) | RAND (Rand Capital Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -74.1% | -21.7% |
| 5-year return | -93.0% | +9.9% |
| Volatility (ann.) | 100.9% | 38.7% |
| Beta vs S&P 500 | 0.48 | -0.01 |
| Max drawdown (3Y) | -87.4% | -60.1% |
| Market cap | $0.7B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 10.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OIO | RAND |
|---|---|---|
| 2022 | – | -17.0% |
| 2023 | -93.1% | +7.5% |
| 2024 | +91.1% | +91.4% |
| 2025 | +200.8% | -34.8% |
| 2026 | -82.8% | +2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OIO and RAND good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between OIO and RAND?
As of 2026-08-27, the correlation of weekly returns between OIO and RAND is -0.20 over 3 years, -0.12 over 1 year and -0.16 over 5 years.
Is RAND a good diversifier for OIO?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
On the −1 to +1 scale, -0.20 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.
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Related comparisons
Hubs: OIO correlations · RAND correlations
