BCBP vs OCFC: Correlation
How closely do BCB Bancorp, Inc. (NJ) (BCBP) and OceanFirst Financial Corp. (OCFC) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCBP and OCFC?
Over the past 3 years, BCBP and OCFC moved with a correlation of 0.69, which is strong. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.69). Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 732.0 %².
Few assets follow BCBP as closely as OCFC, which ranks #3 of 10 tracked partners. On 12-month performance OCFC holds a 7.0-point edge, -0.6% against +6.4%.
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.
BCBP vs OCFC: side by side
| BCBP (BCB Bancorp, Inc. (NJ)) | OCFC (OceanFirst Financial Corp.) | |
|---|---|---|
| 1-year return | -0.6% | +6.4% |
| 5-year return | -25.8% | +10.9% |
| Volatility (ann.) | 33.3% | 31.8% |
| Beta vs S&P 500 | 0.59 | 1.04 |
| Max drawdown (3Y) | -41.2% | -29.8% |
| Market cap | $0.2B | $1.8B |
| P/E (trailing) | – | 23.6 |
| Dividend yield | 3.70% | 4.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCBP | OCFC |
|---|---|---|
| 2022 | +20.7% | -0.9% |
| 2023 | -24.8% | -14.2% |
| 2024 | -2.5% | +9.4% |
| 2025 | -26.6% | +3.9% |
| 2026 | +9.6% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCBP and OCFC good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BCBP and OCFC?
The BCBP/OCFC correlation stands at 0.69 on a 3-year window (1 year: 0.30, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is OCFC a good diversifier for BCBP?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/bcbp-vs-ocfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcbp-vs-ocfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCBP correlations · OCFC correlations
