OSK vs TEX: Correlation
How closely do Oshkosh Corporation (Holding Company) (OSK) and Terex Corporation (TEX) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSK and TEX?
On 3 years of weekly data the OSK/TEX correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 1128.2 %².
TEX is one of the assets that tracks OSK most closely: it ranks #1 out of the 18 assets we track against OSK. Over the last 12 months TEX came out ahead by 13.2 percentage points (+11.0% against +24.2%).
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.
OSK vs TEX: side by side
| OSK (Oshkosh Corporation (Holding Company)) | TEX (Terex Corporation) | |
|---|---|---|
| 1-year return | +11.0% | +24.2% |
| 5-year return | +47.4% | +31.7% |
| Volatility (ann.) | 37.0% | 41.0% |
| Beta vs S&P 500 | 1.14 | 1.38 |
| Max drawdown (3Y) | -36.7% | -51.3% |
| Market cap | $9.7B | $7.4B |
| P/E (trailing) | 18.1 | 31.2 |
| Dividend yield | 1.37% | 1.04% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSK | TEX |
|---|---|---|
| 2022 | -20.5% | -1.4% |
| 2023 | +25.2% | +36.1% |
| 2024 | -10.8% | -18.6% |
| 2025 | +34.5% | +17.3% |
| 2026 | +26.2% | +21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSK and TEX good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between OSK and TEX?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.71 over the last year and 0.75 over 5 years.
Is TEX a good diversifier for OSK?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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/osk-vs-tex.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/osk-vs-tex/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OSK correlations · TEX correlations
