BAC vs OPY: Correlation
Measured on weekly returns over the past three years, Bank of America (BAC) and Oppenheimer Holdings, Inc. (OPY) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and OPY?
Across a 3-year window, the weekly returns of BAC and OPY correlate at 0.55, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.51, with an annualized covariance of 441.9 %².
Within BAC's tracked universe of 45 assets, OPY comes in at #31 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OPY outperformed by 47.8 percentage points (+24.1% for BAC against +71.9% for OPY).
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 OPY: side by side
| BAC (Bank of America) | OPY (Oppenheimer Holdings, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +71.9% |
| 5-year return | +66.0% | +185.5% |
| Volatility (ann.) | 26.5% | 30.2% |
| Beta vs S&P 500 | 1.11 | 0.93 |
| Max drawdown (3Y) | -27.5% | -29.4% |
| Market cap | $427.7B | $1.3B |
| P/E (trailing) | 14.1 | 13.3 |
| Dividend yield | 1.80% | 0.66% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | OPY |
|---|---|---|
| 2022 | -23.8% | -7.2% |
| 2023 | +4.8% | -0.9% |
| 2024 | +33.9% | +57.3% |
| 2025 | +28.0% | +15.6% |
| 2026 | +12.4% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and OPY good diversifiers for each other?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BAC and OPY?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.60 over the last year and 0.51 over 5 years.
Is OPY a good diversifier for BAC?
To a limited degree. At 0.55 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.55 mean?
On the −1 to +1 scale, 0.55 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-opy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bac-vs-opy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BAC correlations · OPY correlations
