FFBC vs OFG: Correlation
Measured on weekly returns over the past three years, First Financial Bancorp. (FFBC) and OFG Bancorp (OFG) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFBC and OFG?
Over the past 3 years, FFBC and OFG moved with a correlation of 0.77, which is strong. The link has loosened recently: the 1-year correlation (0.57) runs below the 3-year figure (0.77). Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 590.4 %².
Among the 31 assets we track against FFBC, OFG ranks #24 by 3-year correlation. Over the last 12 months FFBC came out ahead by 7.9 percentage points (+26.7% against +18.8%).
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.
FFBC vs OFG: side by side
| FFBC (First Financial Bancorp.) | OFG (OFG Bancorp) | |
|---|---|---|
| 1-year return | +26.7% | +18.8% |
| 5-year return | +69.6% | +150.6% |
| Volatility (ann.) | 28.0% | 27.3% |
| Beta vs S&P 500 | 0.81 | 0.74 |
| Max drawdown (3Y) | -26.1% | -24.6% |
| Market cap | $3.4B | $2.2B |
| P/E (trailing) | 11.6 | 10.3 |
| Dividend yield | 3.05% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFBC | OFG |
|---|---|---|
| 2022 | +3.4% | +6.5% |
| 2023 | +2.4% | +40.2% |
| 2024 | +17.6% | +15.8% |
| 2025 | -3.3% | -1.1% |
| 2026 | +33.1% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and OFG good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FFBC and OFG?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.57 over the last year and 0.77 over 5 years.
Is OFG a good diversifier for FFBC?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 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.
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Related comparisons
Hubs: FFBC correlations · OFG correlations
