ONMD vs TMQ: Correlation
Measured on weekly returns over the past three years, OneMedNet Corp (ONMD) and Trilogy Metals Inc. (TMQ) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONMD and TMQ?
On 3 years of weekly data the ONMD/TMQ correlation comes out at 0.36, moderate. The past 12 months show a tighter link (0.83) than the 3-year average (0.36). The 5-year figure is 0.34, and annualized covariance runs at 14100.6 %².
Among the 10 assets we track against ONMD, TMQ ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TMQ outperformed by 154.6 percentage points (-28.3% for ONMD against +126.3% for TMQ). Risk is not evenly split, since ONMD carries 2.2 times the volatility of the other side.
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 TMQ: side by side
| ONMD (OneMedNet Corp) | TMQ (Trilogy Metals Inc.) | |
|---|---|---|
| 1-year return | -28.3% | +126.3% |
| 5-year return | -94.1% | +85.3% |
| Volatility (ann.) | 295.9% | 131.6% |
| Beta vs S&P 500 | -0.51 | 0.28 |
| Max drawdown (3Y) | -97.2% | -72.5% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONMD | TMQ |
|---|---|---|
| 2022 | +3.4% | -66.7% |
| 2023 | -92.2% | -21.8% |
| 2024 | +67.9% | +169.8% |
| 2025 | -19.1% | +271.6% |
| 2026 | -46.8% | -12.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONMD and TMQ good diversifiers for each other?
Reasonably. At 0.36, ONMD and TMQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ONMD and TMQ?
The ONMD/TMQ correlation stands at 0.36 on a 3-year window (1 year: 0.83, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is TMQ a good diversifier for ONMD?
Reasonably. At 0.36, ONMD and TMQ keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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.
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Related comparisons
Hubs: ONMD correlations · TMQ correlations
