OMEX vs UPXI: Correlation
How closely do Odyssey Marine Exploration, Inc. (OMEX) and Upexi, Inc. (UPXI) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMEX and UPXI?
On 3 years of weekly data the OMEX/UPXI correlation comes out at 0.61, strong. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.61 over 3 years. The 5-year figure is 0.58, and annualized covariance runs at 34141.8 %².
In OMEX's tracked universe of 14 assets, UPXI sits right near the top at #1. Correlation aside, the last 12 months split them widely, with OMEX ahead by 32.9 points (-53.0% versus -85.9%). Note the risk asymmetry: UPXI runs 2.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UPXI: side by side
| OMEX (Odyssey Marine Exploration, Inc.) | UPXI (Upexi, Inc.) | |
|---|---|---|
| 1-year return | -53.0% | -85.9% |
| 5-year return | -83.6% | -98.9% |
| Volatility (ann.) | 152.5% | 364.4% |
| Beta vs S&P 500 | 2.12 | 5.11 |
| Max drawdown (3Y) | -94.6% | -98.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | 2.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMEX | UPXI |
|---|---|---|
| 2022 | -25.4% | -25.4% |
| 2023 | +19.8% | -61.3% |
| 2024 | -84.5% | -84.9% |
| 2025 | +172.2% | -52.1% |
| 2026 | -54.0% | -31.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMEX and UPXI good diversifiers for each other?
Only partially. A correlation of 0.61 means OMEX and UPXI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OMEX and UPXI?
As of 2026-08-27, the correlation of weekly returns between OMEX and UPXI is 0.61 over 3 years, 0.17 over 1 year and 0.58 over 5 years.
Is UPXI a good diversifier for OMEX?
Only partially. A correlation of 0.61 means OMEX and UPXI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.61 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
$ curl https://www.pairbook.io/api/v1/pairs/omex-vs-upxi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/omex-vs-upxi/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OMEX correlations · UPXI correlations
