HTZ vs OVBC: Correlation
Hertz Global Holdings, Inc (HTZ) and Ohio Valley Banc Corp. (OVBC) 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 HTZ and OVBC?
Over the past 3 years, HTZ and OVBC moved with a correlation of 0.38, which is moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. Over 5 years the correlation is 0.25, and the annualized covariance of weekly returns is 1245.7 %².
Within HTZ's tracked universe of 14 assets, OVBC comes in at #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with OVBC ahead by 92.9 points (-65.1% versus +27.8%). Note the risk asymmetry: HTZ runs 3.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HTZ vs OVBC: side by side
| HTZ (Hertz Global Holdings, Inc) | OVBC (Ohio Valley Banc Corp.) | |
|---|---|---|
| 1-year return | -65.1% | +27.8% |
| 5-year return | -87.9% | +98.0% |
| Volatility (ann.) | 102.2% | 32.1% |
| Beta vs S&P 500 | 1.27 | 0.12 |
| Max drawdown (3Y) | -91.2% | -26.2% |
| Market cap | $0.7B | $0.2B |
| P/E (trailing) | – | 15.1 |
| Dividend yield | 0.00% | 2.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTZ | OVBC |
|---|---|---|
| 2022 | -38.4% | -7.8% |
| 2023 | -32.5% | -9.3% |
| 2024 | -64.8% | +9.3% |
| 2025 | +40.4% | +70.0% |
| 2026 | -60.3% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTZ and OVBC good diversifiers for each other?
Reasonably. At 0.38, HTZ and OVBC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HTZ and OVBC?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.40 over the last year and 0.25 over 5 years.
Is OVBC a good diversifier for HTZ?
Reasonably. At 0.38, HTZ and OVBC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/htz-vs-ovbc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/htz-vs-ovbc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HTZ correlations · OVBC correlations
