OMC vs SHMD: Correlation
How closely do Omnicom Group (OMC) and SCHMID Group N.V. - Class A (SHMD) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMC and SHMD?
On 3 years of weekly data the OMC/SHMD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.09 over 1 year against -0.17 over 3. The 5-year figure is n/a, and annualized covariance runs at -495.6 %².
Among the 36 assets we track against OMC, SHMD ranks #29 by 3-year correlation. On 12-month performance SHMD holds a 12.3-point edge, +16.5% against +28.8%. One caveat on sizing: SHMD is 3.5 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.
OMC vs SHMD: side by side
| OMC (Omnicom Group) | SHMD (SCHMID Group N.V. - Class A) | |
|---|---|---|
| 1-year return | +16.5% | +28.8% |
| 5-year return | +45.6% | n/a |
| Volatility (ann.) | 28.0% | 96.9% |
| Beta vs S&P 500 | 0.76 | 0.77 |
| Max drawdown (3Y) | -33.3% | -69.6% |
| Market cap | $24.1B | $0.2B |
| P/E (trailing) | 237.5 | – |
| Dividend yield | 3.53% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | OMC | SHMD |
|---|---|---|
| 2022 | +15.7% | – |
| 2023 | +9.6% | – |
| 2024 | +2.5% | – |
| 2025 | -2.6% | +101.1% |
| 2026 | +11.1% | -45.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMC and SHMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between OMC and SHMD?
The OMC/SHMD correlation stands at -0.17 on a 3-year window (1 year: -0.09, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SHMD a good diversifier for OMC?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 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.
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Related comparisons
Hubs: OMC correlations · SHMD correlations
