OLOX vs SIEB: Correlation
Measured on weekly returns over the past three years, Olenox Industries Inc. (OLOX) and Siebert Financial Corp. (SIEB) carry a correlation of 0.30, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OLOX and SIEB?
Over the past 3 years, OLOX and SIEB moved with a correlation of 0.30, which is moderate. The past 12 months show a weaker link (0.15) than the 3-year average (0.30). Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 2993.8 %².
By 3-year correlation, SIEB places #6 of the 11 assets tracked against OLOX. The last year tells two different stories: SIEB led by 70.2 percentage points, -98.8% for OLOX against -28.6% for SIEB. One caveat on sizing: OLOX is 3.1 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.
OLOX vs SIEB: side by side
| OLOX (Olenox Industries Inc.) | SIEB (Siebert Financial Corp.) | |
|---|---|---|
| 1-year return | -98.8% | -28.6% |
| 5-year return | -100.0% | -48.4% |
| Volatility (ann.) | 173.6% | 56.9% |
| Beta vs S&P 500 | 0.94 | 0.90 |
| Max drawdown (3Y) | -100.0% | -70.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | 0.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OLOX | SIEB |
|---|---|---|
| 2022 | -27.1% | -41.4% |
| 2023 | -26.7% | +23.5% |
| 2024 | -94.9% | +88.1% |
| 2025 | -93.9% | +11.1% |
| 2026 | -92.9% | -43.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OLOX and SIEB good diversifiers for each other?
Reasonably. At 0.30, OLOX and SIEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OLOX and SIEB?
The OLOX/SIEB correlation stands at 0.30 on a 3-year window (1 year: 0.15, 5 years: 0.25), computed from weekly returns as of 2026-08-27.
Is SIEB a good diversifier for OLOX?
Reasonably. At 0.30, OLOX and SIEB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 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/olox-vs-sieb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/olox-vs-sieb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OLOX correlations · SIEB correlations
