BAC vs OMF: Correlation
Measured on weekly returns over the past three years, Bank of America (BAC) and OneMain Holdings, Inc. (OMF) carry a correlation of 0.76, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and OMF?
On 3 years of weekly data the BAC/OMF correlation comes out at 0.76, strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.76). The 5-year figure is 0.70, and annualized covariance runs at 640.0 %².
Among the 45 assets we track against BAC, OMF ranks #19 by 3-year correlation. On 12-month performance BAC holds a 12.3-point edge, +24.1% against +11.8%.
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.
BAC vs OMF: side by side
| BAC (Bank of America) | OMF (OneMain Holdings, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +11.8% |
| 5-year return | +66.0% | +68.1% |
| Volatility (ann.) | 26.5% | 31.8% |
| Beta vs S&P 500 | 1.11 | 1.27 |
| Max drawdown (3Y) | -27.5% | -29.9% |
| Market cap | $427.7B | $7.3B |
| P/E (trailing) | 14.1 | 9.5 |
| Dividend yield | 1.80% | 6.64% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | OMF |
|---|---|---|
| 2022 | -23.8% | -27.2% |
| 2023 | +4.8% | +63.0% |
| 2024 | +33.9% | +15.1% |
| 2025 | +28.0% | +39.8% |
| 2026 | +12.4% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and OMF good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BAC and OMF?
As of 2026-08-27, the correlation of weekly returns between BAC and OMF is 0.76 over 3 years, 0.57 over 1 year and 0.70 over 5 years.
Is OMF a good diversifier for BAC?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/bac-vs-omf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-omf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · OMF correlations
