BAND vs OPCH: Correlation
How closely do Bandwidth Inc. (BAND) and Option Care Health, Inc. (OPCH) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAND and OPCH?
Over the past 3 years, BAND and OPCH moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.58) than the 3-year average (-0.21). Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -711.8 %².
Among the 15 assets we track against BAND, OPCH sits near the bottom by co-movement, at rank #13. Their recent paths diverged sharply: over the last 12 months BAND outperformed by 265.3 percentage points (+249.2% for BAND against -16.1% for OPCH). Risk is not evenly split, since BAND carries 2.5 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.
BAND vs OPCH: side by side
| BAND (Bandwidth Inc.) | OPCH (Option Care Health, Inc.) | |
|---|---|---|
| 1-year return | +249.2% | -16.1% |
| 5-year return | -50.5% | -8.7% |
| Volatility (ann.) | 93.1% | 37.1% |
| Beta vs S&P 500 | 1.91 | 0.56 |
| Max drawdown (3Y) | -52.9% | -46.7% |
| Market cap | $1.7B | $3.6B |
| P/E (trailing) | – | 18.2 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BAND | OPCH |
|---|---|---|
| 2022 | -68.0% | +5.8% |
| 2023 | -36.9% | +12.0% |
| 2024 | +17.6% | -31.1% |
| 2025 | -9.2% | +37.3% |
| 2026 | +235.6% | -24.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAND and OPCH good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between BAND and OPCH?
The BAND/OPCH correlation stands at -0.21 on a 3-year window (1 year: -0.58, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is OPCH a good diversifier for BAND?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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/band-vs-opch.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/band-vs-opch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAND correlations · OPCH correlations
