OXM vs WGO: Correlation
How closely do Oxford Industries, Inc. (OXM) and Winnebago Industries, Inc. (WGO) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OXM and WGO?
Over the past 3 years, OXM and WGO moved with a correlation of 0.46, which is moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.46). Over 5 years the correlation is 0.46, and the annualized covariance of weekly returns is 945.8 %².
By 3-year correlation, WGO places #5 of the 13 assets tracked against OXM. Their 12-month results are close: -9.2% for OXM against -13.3% for WGO.
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.
OXM vs WGO: side by side
| OXM (Oxford Industries, Inc.) | WGO (Winnebago Industries, Inc.) | |
|---|---|---|
| 1-year return | -9.2% | -13.3% |
| 5-year return | -50.3% | -52.5% |
| Volatility (ann.) | 47.0% | 43.3% |
| Beta vs S&P 500 | 1.00 | 1.09 |
| Max drawdown (3Y) | -69.4% | -60.5% |
| Market cap | $0.6B | $0.9B |
| P/E (trailing) | – | 22.3 |
| Dividend yield | 7.14% | 4.51% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OXM | WGO |
|---|---|---|
| 2022 | -6.1% | -28.7% |
| 2023 | +10.0% | +40.9% |
| 2024 | -18.9% | -33.1% |
| 2025 | -54.0% | -11.9% |
| 2026 | +17.3% | -22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OXM and WGO good diversifiers for each other?
Reasonably. At 0.46, OXM and WGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between OXM and WGO?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.34 over the last year and 0.46 over 5 years.
Is WGO a good diversifier for OXM?
Reasonably. At 0.46, OXM and WGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: OXM correlations · WGO correlations
