FRBA vs OPCH: Correlation
How closely do First Bank (FRBA) and Option Care Health, Inc. (OPCH) trade together? Their weekly returns over three years give a correlation of 0.48, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRBA and OPCH?
Across a 3-year window, the weekly returns of FRBA and OPCH correlate at 0.48, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.48). Stretching to 5 years gives 0.40, with an annualized covariance of 477.1 %².
Within FRBA's tracked universe of 14 assets, OPCH comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FRBA ahead by 25.0 points (+8.9% versus -16.1%).
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.
FRBA vs OPCH: side by side
| FRBA (First Bank) | OPCH (Option Care Health, Inc.) | |
|---|---|---|
| 1-year return | +8.9% | -16.1% |
| 5-year return | +47.4% | -8.7% |
| Volatility (ann.) | 26.6% | 37.1% |
| Beta vs S&P 500 | 0.61 | 0.56 |
| Max drawdown (3Y) | -22.0% | -46.7% |
| Market cap | $0.4B | $3.6B |
| P/E (trailing) | 10.4 | 18.2 |
| Dividend yield | 1.67% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRBA | OPCH |
|---|---|---|
| 2022 | -3.6% | +5.8% |
| 2023 | +9.1% | +12.0% |
| 2024 | -2.6% | -31.1% |
| 2025 | +18.8% | +37.3% |
| 2026 | +10.2% | -24.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRBA and OPCH good diversifiers for each other?
Reasonably. At 0.48, FRBA and OPCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between FRBA and OPCH?
As of 2026-08-27, the correlation of weekly returns between FRBA and OPCH is 0.48 over 3 years, 0.63 over 1 year and 0.40 over 5 years.
Is OPCH a good diversifier for FRBA?
Reasonably. At 0.48, FRBA and OPCH keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 mean?
On the −1 to +1 scale, 0.48 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frba-vs-opch.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/frba-vs-opch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRBA correlations · OPCH correlations
