FRAF vs OFG: Correlation
Franklin Financial Services Corporation (FRAF) and OFG Bancorp (OFG) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRAF and OFG?
On 3 years of weekly data the FRAF/OFG correlation comes out at 0.38, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.38). The 5-year figure is 0.35, and annualized covariance runs at 332.1 %².
By 3-year correlation, OFG places #5 of the 15 assets tracked against FRAF. The last year tells two different stories: FRAF led by 18.0 percentage points, +36.8% for FRAF against +18.8% for OFG.
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.
FRAF vs OFG: side by side
| FRAF (Franklin Financial Services Corporation) | OFG (OFG Bancorp) | |
|---|---|---|
| 1-year return | +36.8% | +18.8% |
| 5-year return | +133.8% | +150.6% |
| Volatility (ann.) | 31.7% | 27.3% |
| Beta vs S&P 500 | 0.22 | 0.74 |
| Max drawdown (3Y) | -25.5% | -24.6% |
| Market cap | $0.3B | $2.2B |
| P/E (trailing) | 11.3 | 10.3 |
| Dividend yield | 2.14% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRAF | OFG |
|---|---|---|
| 2022 | +13.5% | +6.5% |
| 2023 | -8.8% | +40.2% |
| 2024 | -1.4% | +15.8% |
| 2025 | +73.5% | -1.1% |
| 2026 | +25.9% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRAF and OFG good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between FRAF and OFG?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.51 over the last year and 0.35 over 5 years.
Is OFG a good diversifier for FRAF?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 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/fraf-vs-ofg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fraf-vs-ofg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FRAF correlations · OFG correlations
