BRBS vs OPBK: Correlation
Measured on weekly returns over the past three years, Blue Ridge Bankshares, Inc. (BRBS) and OP Bancorp (OPBK) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BRBS and OPBK?
On 3 years of weekly data the BRBS/OPBK correlation comes out at 0.37, moderate. Recent behaviour matches the longer record: 0.45 over 1 year against 0.37 over 3. The 5-year figure is 0.36, and annualized covariance runs at 537.4 %².
Within BRBS's tracked universe of 11 assets, OPBK comes in at #4 by 3-year correlation. The trailing year gives BRBS the advantage: +20.9% versus +10.6%, a 10.3-point spread. One caveat on sizing: BRBS is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BRBS vs OPBK: side by side
| BRBS (Blue Ridge Bankshares, Inc.) | OPBK (OP Bancorp) | |
|---|---|---|
| 1-year return | +20.9% | +10.6% |
| 5-year return | -70.4% | +86.0% |
| Volatility (ann.) | 47.8% | 30.2% |
| Beta vs S&P 500 | 0.73 | 0.65 |
| Max drawdown (3Y) | -74.3% | -41.8% |
| Market cap | $0.3B | $0.2B |
| P/E (trailing) | 43.3 | 7.7 |
| Dividend yield | 0.00% | 3.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BRBS | OPBK |
|---|---|---|
| 2022 | -27.9% | -9.3% |
| 2023 | -75.2% | +3.2% |
| 2024 | +6.3% | +50.5% |
| 2025 | +40.1% | -7.4% |
| 2026 | +6.6% | +10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRBS and OPBK good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BRBS and OPBK?
Using weekly returns as of 2026-08-27: 0.37 over 3 years, with 0.45 over the last year and 0.36 over 5 years.
Is OPBK a good diversifier for BRBS?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/brbs-vs-opbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/brbs-vs-opbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BRBS correlations · OPBK correlations
