ONMD vs UVV: Correlation
OneMedNet Corp (ONMD) and Universal Corporation (UVV) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONMD and UVV?
On 3 years of weekly data the ONMD/UVV correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.19) runs above the 3-year figure (-0.30). The 5-year figure is -0.25, and annualized covariance runs at -2421.2 %².
Out of 10 assets tracked against ONMD, UVV lands near the bottom at #10. The last year tells two different stories: UVV led by 16.7 percentage points, -28.3% for ONMD against -11.6% for UVV. Note the risk asymmetry: ONMD runs 11.0 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 UVV: side by side
| ONMD (OneMedNet Corp) | UVV (Universal Corporation) | |
|---|---|---|
| 1-year return | -28.3% | -11.6% |
| 5-year return | -94.1% | +25.0% |
| Volatility (ann.) | 295.9% | 27.0% |
| Beta vs S&P 500 | -0.51 | 0.23 |
| Max drawdown (3Y) | -97.2% | -29.7% |
| Market cap | – | $1.1B |
| P/E (trailing) | – | 61.3 |
| Dividend yield | 0.00% | 7.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONMD | UVV |
|---|---|---|
| 2022 | +3.4% | +1.8% |
| 2023 | -92.2% | +35.8% |
| 2024 | +67.9% | -13.4% |
| 2025 | -19.1% | +2.3% |
| 2026 | -46.8% | -8.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONMD and UVV good diversifiers for each other?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ONMD and UVV?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.19 over the last year and -0.25 over 5 years.
Is UVV a good diversifier for ONMD?
Yes: at -0.30, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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-uvv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/onmd-vs-uvv/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ONMD correlations · UVV correlations
