C vs OPY: Correlation
Measured on weekly returns over the past three years, Citigroup (C) and Oppenheimer Holdings, Inc. (OPY) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and OPY?
Across a 3-year window, the weekly returns of C and OPY correlate at 0.64, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 583.6 %².
Within C's tracked universe of 33 assets, OPY comes in at #20 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OPY ahead by 32.0 points (+39.9% versus +71.9%).
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.
C vs OPY: side by side
| C (Citigroup) | OPY (Oppenheimer Holdings, Inc.) | |
|---|---|---|
| 1-year return | +39.9% | +71.9% |
| 5-year return | +119.6% | +185.5% |
| Volatility (ann.) | 30.3% | 30.2% |
| Beta vs S&P 500 | 1.39 | 0.93 |
| Max drawdown (3Y) | -31.3% | -29.4% |
| Market cap | $222.6B | $1.3B |
| P/E (trailing) | 14.4 | 13.3 |
| Dividend yield | 1.80% | 0.66% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | C | OPY |
|---|---|---|
| 2022 | -22.1% | -7.2% |
| 2023 | +19.0% | -0.9% |
| 2024 | +41.9% | +57.3% |
| 2025 | +70.4% | +15.6% |
| 2026 | +15.4% | +67.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and OPY good diversifiers for each other?
To a limited degree. At 0.64 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 C and OPY?
As of 2026-08-27, the correlation of weekly returns between C and OPY is 0.64 over 3 years, 0.66 over 1 year and 0.55 over 5 years.
Is OPY a good diversifier for C?
To a limited degree. At 0.64 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 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/c-vs-opy.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/c-vs-opy/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: C correlations · OPY correlations
