EZRA vs OVBC: Correlation
How closely do Reliance Global Group, Inc. (EZRA) and Ohio Valley Banc Corp. (OVBC) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZRA and OVBC?
Over the past 3 years, EZRA and OVBC moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.12 over 1 year against -0.20 over 3. Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -975.6 %².
OVBC is close to the least connected end of EZRA's tracked universe, ranking #10 of 12. Their recent paths diverged sharply: over the last 12 months OVBC outperformed by 120.1 percentage points (-92.3% for EZRA against +27.8% for OVBC). Note the risk asymmetry: EZRA runs 4.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EZRA vs OVBC: side by side
| EZRA (Reliance Global Group, Inc.) | OVBC (Ohio Valley Banc Corp.) | |
|---|---|---|
| 1-year return | -92.3% | +27.8% |
| 5-year return | -100.0% | +98.0% |
| Volatility (ann.) | 149.2% | 32.1% |
| Beta vs S&P 500 | 1.32 | 0.12 |
| Max drawdown (3Y) | -99.9% | -26.2% |
| Market cap | – | $0.2B |
| P/E (trailing) | 0.9 | 15.1 |
| Dividend yield | 0.00% | 2.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZRA | OVBC |
|---|---|---|
| 2022 | -91.2% | -7.8% |
| 2023 | -93.7% | -9.3% |
| 2024 | -71.7% | +9.3% |
| 2025 | -79.6% | +70.0% |
| 2026 | -86.0% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZRA and OVBC good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EZRA and OVBC?
The EZRA/OVBC correlation stands at -0.20 on a 3-year window (1 year: -0.12, 5 years: -0.11), computed from weekly returns as of 2026-08-27.
Is OVBC a good diversifier for EZRA?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EZRA correlations · OVBC correlations
