OSCR vs PXLW: Correlation
How closely do Oscar Health, Inc. (OSCR) and Pixelworks, Inc. (PXLW) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSCR and PXLW?
On 3 years of weekly data the OSCR/PXLW correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.27) sits close to the 3-year figure. The 5-year figure is 0.25, and annualized covariance runs at 2644.1 %².
In OSCR's tracked universe of 10 assets, PXLW sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months OSCR outperformed by 90.2 percentage points (+76.6% for OSCR against -13.6% for PXLW).
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.
OSCR vs PXLW: side by side
| OSCR (Oscar Health, Inc.) | PXLW (Pixelworks, Inc.) | |
|---|---|---|
| 1-year return | +76.6% | -13.6% |
| 5-year return | +96.9% | -90.7% |
| Volatility (ann.) | 80.0% | 99.0% |
| Beta vs S&P 500 | 1.29 | 1.41 |
| Max drawdown (3Y) | -53.4% | -86.3% |
| Market cap | $9.3B | – |
| P/E (trailing) | 24.0 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSCR | PXLW |
|---|---|---|
| 2022 | -68.7% | -59.8% |
| 2023 | +272.0% | -26.0% |
| 2024 | +46.9% | -44.3% |
| 2025 | +6.9% | -27.4% |
| 2026 | +109.1% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSCR and PXLW good diversifiers for each other?
Reasonably. At 0.33, OSCR and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OSCR and PXLW?
Using weekly returns as of 2026-08-27: 0.33 over 3 years, with 0.27 over the last year and 0.25 over 5 years.
Is PXLW a good diversifier for OSCR?
Reasonably. At 0.33, OSCR and PXLW keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 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/oscr-vs-pxlw.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/oscr-vs-pxlw/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OSCR correlations · PXLW correlations
