OMEX vs VIP: Correlation
Measured on weekly returns over the past three years, Odyssey Marine Exploration, Inc. (OMEX) and Vulcan Infrastructure and Power Inc. (VIP) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OMEX and VIP?
On 3 years of weekly data the OMEX/VIP correlation comes out at 0.41, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.11 versus 0.41 over 3 years. The 5-year figure is 0.23, and annualized covariance runs at 6879.1 %².
Among the 14 assets we track against OMEX, VIP ranks #5 by 3-year correlation. The last year tells two different stories: VIP led by 89.6 percentage points, -53.0% for OMEX against +36.6% for VIP.
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 VIP: side by side
| OMEX (Odyssey Marine Exploration, Inc.) | VIP (Vulcan Infrastructure and Power Inc.) | |
|---|---|---|
| 1-year return | -53.0% | +36.6% |
| 5-year return | -83.6% | -99.9% |
| Volatility (ann.) | 152.5% | 110.7% |
| Beta vs S&P 500 | 2.12 | 1.74 |
| Max drawdown (3Y) | -94.6% | -92.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 14.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMEX | VIP |
|---|---|---|
| 2022 | -25.4% | -98.2% |
| 2023 | +19.8% | +131.4% |
| 2024 | -84.5% | -76.9% |
| 2025 | +172.2% | -4.5% |
| 2026 | -54.0% | +20.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMEX and VIP good diversifiers for each other?
Reasonably. At 0.41, OMEX and VIP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OMEX and VIP?
The OMEX/VIP correlation stands at 0.41 on a 3-year window (1 year: 0.11, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is VIP a good diversifier for OMEX?
Reasonably. At 0.41, OMEX and VIP keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 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: OMEX correlations · VIP correlations
