OMH vs PTGX: Correlation
Ohmyhome Limited - Class A (OMH) and Protagonist Therapeutics, Inc. (PTGX) 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 OMH and PTGX?
Across a 3-year window, the weekly returns of OMH and PTGX correlate at 0.42, moderate. The past 12 months show a weaker link (-0.03) than the 3-year average (0.42). Stretching to 5 years gives n/a, with an annualized covariance of 9908.5 %².
Among the 72 assets we track against OMH, PTGX ranks #5 by 3-year correlation. The last year tells two different stories: PTGX led by 237.0 percentage points, -93.6% for OMH against +143.4% for PTGX. One caveat on sizing: OMH is 8.5 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.
OMH vs PTGX: side by side
| OMH (Ohmyhome Limited - Class A) | PTGX (Protagonist Therapeutics, Inc.) | |
|---|---|---|
| 1-year return | -93.6% | +143.4% |
| 5-year return | n/a | +219.7% |
| Volatility (ann.) | 448.2% | 53.0% |
| Beta vs S&P 500 | -3.85 | 0.49 |
| Max drawdown (3Y) | -97.9% | -31.6% |
| Market cap | – | $9.7B |
| P/E (trailing) | – | 145.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OMH | PTGX |
|---|---|---|
| 2022 | – | -68.1% |
| 2023 | – | +110.2% |
| 2024 | -73.9% | +68.3% |
| 2025 | +102.0% | +126.3% |
| 2026 | -90.6% | +71.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OMH and PTGX good diversifiers for each other?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OMH and PTGX?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with -0.03 over the last year and n/a over 5 years.
Is PTGX a good diversifier for OMH?
A fair diversifier. At 0.42, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.42 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: OMH correlations · PTGX correlations
