OXBR vs SNFCA: Correlation
How closely do Oxbridge Re Holdings Limited (OXBR) and Security National Financial Corporation (SNFCA) trade together? Their weekly returns over three years give a correlation of 0.30, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXBR and SNFCA?
Across a 3-year window, the weekly returns of OXBR and SNFCA correlate at 0.30, moderate. The relationship has been stable: the 1-year correlation (0.31) sits close to the 3-year figure. Stretching to 5 years gives 0.19, with an annualized covariance of 919.8 %².
By 3-year correlation, SNFCA places #6 of the 11 assets tracked against OXBR. Correlation aside, the last 12 months split them widely, with SNFCA ahead by 44.8 points (-40.4% versus +4.4%). One caveat on sizing: OXBR is 2.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SNFCA: side by side
| OXBR (Oxbridge Re Holdings Limited) | SNFCA (Security National Financial Corporation) | |
|---|---|---|
| 1-year return | -40.4% | +4.4% |
| 5-year return | -58.6% | +22.0% |
| Volatility (ann.) | 88.3% | 34.6% |
| Beta vs S&P 500 | 1.20 | 1.07 |
| Max drawdown (3Y) | -87.5% | -39.5% |
| Market cap | – | $0.2B |
| P/E (trailing) | 63.5 | 6.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OXBR | SNFCA |
|---|---|---|
| 2022 | -78.6% | -16.7% |
| 2023 | -8.3% | +29.5% |
| 2024 | +274.6% | +40.4% |
| 2025 | -68.0% | -21.4% |
| 2026 | -3.8% | +1.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXBR and SNFCA good diversifiers for each other?
Reasonably. At 0.30, OXBR and SNFCA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OXBR and SNFCA?
As of 2026-08-27, the correlation of weekly returns between OXBR and SNFCA is 0.30 over 3 years, 0.31 over 1 year and 0.19 over 5 years.
Is SNFCA a good diversifier for OXBR?
Reasonably. At 0.30, OXBR and SNFCA keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OXBR correlations · SNFCA correlations
