OXBR vs PSBD: Correlation
How closely do Oxbridge Re Holdings Limited (OXBR) and Palmer Square Capital BDC Inc. (PSBD) trade together? Their weekly returns over three years give a correlation of 0.31, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXBR and PSBD?
On 3 years of weekly data the OXBR/PSBD correlation comes out at 0.31, moderate. Recent behaviour matches the longer record: 0.24 over 1 year against 0.31 over 3. The 5-year figure is n/a, and annualized covariance runs at 489.7 %².
In OXBR's tracked universe of 11 assets, PSBD sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months PSBD outperformed by 26.1 percentage points (-40.4% for OXBR against -14.3% for PSBD). Risk is not evenly split, since OXBR carries 5.0 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.
OXBR vs PSBD: side by side
| OXBR (Oxbridge Re Holdings Limited) | PSBD (Palmer Square Capital BDC Inc.) | |
|---|---|---|
| 1-year return | -40.4% | -14.3% |
| 5-year return | -58.6% | n/a |
| Volatility (ann.) | 88.3% | 17.8% |
| Beta vs S&P 500 | 1.20 | 0.46 |
| Max drawdown (3Y) | -87.5% | -28.9% |
| Market cap | – | $0.3B |
| P/E (trailing) | 63.5 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OXBR | PSBD |
|---|---|---|
| 2022 | -78.6% | – |
| 2023 | -8.3% | – |
| 2024 | +274.6% | – |
| 2025 | -68.0% | -9.0% |
| 2026 | -3.8% | -9.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXBR and PSBD good diversifiers for each other?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OXBR and PSBD?
As of 2026-08-27, the correlation of weekly returns between OXBR and PSBD is 0.31 over 3 years, 0.24 over 1 year and n/a over 5 years.
Is PSBD a good diversifier for OXBR?
A fair diversifier. At 0.31, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.31 mean?
On the −1 to +1 scale, 0.31 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/oxbr-vs-psbd.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OXBR correlations · PSBD correlations
