ONMD vs STWD: Correlation
OneMedNet Corp (ONMD) and STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc. (STWD) show a negative relationship: their 3-year correlation of weekly returns is -0.29.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONMD and STWD?
Across a 3-year window, the weekly returns of ONMD and STWD correlate at -0.29, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.35 over 1 year against -0.29 over 3. Stretching to 5 years gives -0.19, with an annualized covariance of -1679.3 %².
STWD is close to the least connected end of ONMD's tracked universe, ranking #9 of 10. Their recent paths diverged sharply: over the last 12 months STWD outperformed by 16.5 percentage points (-28.3% for ONMD against -11.8% for STWD). One caveat on sizing: ONMD is 15.3 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.
ONMD vs STWD: side by side
| ONMD (OneMedNet Corp) | STWD (STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc.) | |
|---|---|---|
| 1-year return | -28.3% | -11.8% |
| 5-year return | -94.1% | +0.5% |
| Volatility (ann.) | 295.9% | 19.3% |
| Beta vs S&P 500 | -0.51 | 0.65 |
| Max drawdown (3Y) | -97.2% | -15.8% |
| Market cap | – | $6.1B |
| P/E (trailing) | – | 27.0 |
| Dividend yield | 0.00% | 12.07% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONMD | STWD |
|---|---|---|
| 2022 | +3.4% | -17.3% |
| 2023 | -92.2% | +26.7% |
| 2024 | +67.9% | -0.6% |
| 2025 | -19.1% | +4.9% |
| 2026 | -46.8% | -6.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONMD and STWD good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between ONMD and STWD?
As of 2026-08-27, the correlation of weekly returns between ONMD and STWD is -0.29 over 3 years, -0.35 over 1 year and -0.19 over 5 years.
Is STWD a good diversifier for ONMD?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/onmd-vs-stwd.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onmd-vs-stwd/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ONMD correlations · STWD correlations
