OMEX vs SES: Correlation
Odyssey Marine Exploration, Inc. (OMEX) and SES AI Corporation (SES) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMEX and SES?
Across a 3-year window, the weekly returns of OMEX and SES correlate at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.39, with an annualized covariance of 18704.3 %².
Among the 14 assets we track against OMEX, SES ranks #4 by 3-year correlation. Twelve-month performance is nearly a tie, at -53.0% for OMEX and -51.0% for SES. One caveat on sizing: SES is 1.9 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.
OMEX vs SES: side by side
| OMEX (Odyssey Marine Exploration, Inc.) | SES (SES AI Corporation) | |
|---|---|---|
| 1-year return | -53.0% | -51.0% |
| 5-year return | -83.6% | -94.5% |
| Volatility (ann.) | 152.5% | 294.5% |
| Beta vs S&P 500 | 2.12 | 2.43 |
| Max drawdown (3Y) | -94.6% | -89.7% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMEX | SES |
|---|---|---|
| 2022 | -25.4% | -68.3% |
| 2023 | +19.8% | -41.9% |
| 2024 | -84.5% | +19.7% |
| 2025 | +172.2% | -17.8% |
| 2026 | -54.0% | -69.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMEX and SES good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between OMEX and SES?
As of 2026-08-27, the correlation of weekly returns between OMEX and SES is 0.42 over 3 years, 0.42 over 1 year and 0.39 over 5 years.
Is SES a good diversifier for OMEX?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 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/omex-vs-ses.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/omex-vs-ses/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OMEX correlations · SES correlations
