FNB vs OCFC: Correlation
F.N.B. Corporation (FNB) and OceanFirst Financial Corp. (OCFC) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and OCFC?
On 3 years of weekly data the FNB/OCFC correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Lately the two have drifted apart, with the 1-year correlation at 0.72 versus 0.85 over 3 years. The 5-year figure is 0.82, and annualized covariance runs at 740.1 %².
By 3-year correlation, OCFC places #25 of the 53 assets tracked against FNB. Over the last 12 months FNB came out ahead by 7.0 percentage points (+13.4% 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.
FNB vs OCFC: side by side
| FNB (F.N.B. Corporation) | OCFC (OceanFirst Financial Corp.) | |
|---|---|---|
| 1-year return | +13.4% | +6.4% |
| 5-year return | +91.1% | +10.9% |
| Volatility (ann.) | 27.4% | 31.8% |
| Beta vs S&P 500 | 1.03 | 1.04 |
| Max drawdown (3Y) | -32.6% | -29.8% |
| Market cap | $6.6B | $1.8B |
| P/E (trailing) | 11.0 | 23.6 |
| Dividend yield | 2.65% | 4.21% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | OCFC |
|---|---|---|
| 2022 | +11.7% | -0.9% |
| 2023 | +9.8% | -14.2% |
| 2024 | +11.0% | +9.4% |
| 2025 | +19.4% | +3.9% |
| 2026 | +9.7% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and OCFC good diversifiers for each other?
No: a correlation of 0.85 means FNB and OCFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FNB and OCFC?
The FNB/OCFC correlation stands at 0.85 on a 3-year window (1 year: 0.72, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is OCFC a good diversifier for FNB?
No: a correlation of 0.85 means FNB and OCFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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/fnb-vs-ocfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnb-vs-ocfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNB correlations · OCFC correlations
