OSG vs PEW: Correlation
Measured on weekly returns over the past three years, Octave Specialty Group, Inc. (OSG) and GrabAGun Digital Holdings Inc. (PEW) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSG and PEW?
Over the past 3 years, OSG and PEW moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.17) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -516.6 %².
PEW is close to the least connected end of OSG's tracked universe, ranking #8 of 10. On 12-month performance OSG holds a 8.1-point edge, -49.0% against -57.1%.
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.
OSG vs PEW: side by side
| OSG (Octave Specialty Group, Inc.) | PEW (GrabAGun Digital Holdings Inc.) | |
|---|---|---|
| 1-year return | -49.0% | -57.1% |
| 5-year return | -68.2% | n/a |
| Volatility (ann.) | 51.8% | 51.2% |
| Beta vs S&P 500 | 0.86 | 0.44 |
| Max drawdown (3Y) | -78.5% | -86.8% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSG | PEW |
|---|---|---|
| 2022 | +8.7% | – |
| 2023 | -5.5% | – |
| 2024 | -23.2% | – |
| 2025 | -38.5% | -74.4% |
| 2026 | -42.0% | -21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSG and PEW good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between OSG and PEW?
As of 2026-08-27, the correlation of weekly returns between OSG and PEW is -0.19 over 3 years, -0.17 over 1 year and n/a over 5 years.
Is PEW a good diversifier for OSG?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/osg-vs-pew.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/osg-vs-pew/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OSG correlations · PEW correlations
