ONEW vs WEST: Correlation
OneWater Marine Inc. (ONEW) and Westrock Coffee Company (WEST) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONEW and WEST?
On 3 years of weekly data the ONEW/WEST correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.52 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 1455.5 %².
Among the 13 assets we track against ONEW, WEST ranks #7 by 3-year correlation. The last year tells two different stories: WEST led by 74.1 percentage points, -33.2% for ONEW against +40.9% for WEST.
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.
ONEW vs WEST: side by side
| ONEW (OneWater Marine Inc.) | WEST (Westrock Coffee Company) | |
|---|---|---|
| 1-year return | -33.2% | +40.9% |
| 5-year return | -71.6% | -16.8% |
| Volatility (ann.) | 59.0% | 56.4% |
| Beta vs S&P 500 | 1.72 | 0.97 |
| Max drawdown (3Y) | -76.1% | -66.7% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONEW | WEST |
|---|---|---|
| 2022 | -53.1% | +37.2% |
| 2023 | +18.1% | -23.6% |
| 2024 | -48.6% | -37.1% |
| 2025 | -37.7% | -36.6% |
| 2026 | +7.9% | +98.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONEW and WEST good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ONEW and WEST?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.52 over the last year and 0.37 over 5 years.
Is WEST a good diversifier for ONEW?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 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: ONEW correlations · WEST correlations
