HOMB vs OFG: Correlation
Home BancShares, Inc. (HOMB) and OFG Bancorp (OFG) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOMB and OFG?
Over the past 3 years, HOMB and OFG moved with a correlation of 0.77, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.54 versus 0.77 over 3 years. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 518.7 %².
Within HOMB's tracked universe of 18 assets, OFG comes in at #11 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months OFG outperformed by 17.0 percentage points (+1.8% for HOMB 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.
HOMB vs OFG: side by side
| HOMB (Home BancShares, Inc.) | OFG (OFG Bancorp) | |
|---|---|---|
| 1-year return | +1.8% | +18.8% |
| 5-year return | +56.7% | +150.6% |
| Volatility (ann.) | 24.7% | 27.3% |
| Beta vs S&P 500 | 0.65 | 0.74 |
| Max drawdown (3Y) | -21.4% | -24.6% |
| Market cap | $5.9B | $2.2B |
| P/E (trailing) | 12.3 | 10.3 |
| Dividend yield | 2.78% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOMB | OFG |
|---|---|---|
| 2022 | -3.7% | +6.5% |
| 2023 | +14.8% | +40.2% |
| 2024 | +15.0% | +15.8% |
| 2025 | +0.9% | -1.1% |
| 2026 | +9.2% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOMB 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 HOMB and OFG?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.54 over the last year and 0.76 over 5 years.
Is OFG a good diversifier for HOMB?
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?
A reading of 0.77 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/homb-vs-ofg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/homb-vs-ofg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOMB correlations · OFG correlations
