JOE vs OPCH: Correlation
How closely do St. Joe Company (The) (JOE) and Option Care Health, Inc. (OPCH) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOE and OPCH?
On 3 years of weekly data the JOE/OPCH correlation comes out at 0.51, moderate. Recent behaviour matches the longer record: 0.47 over 1 year against 0.51 over 3. The 5-year figure is 0.46, and annualized covariance runs at 536.3 %².
By 3-year correlation, OPCH places #6 of the 12 assets tracked against JOE. Their recent paths diverged sharply: over the last 12 months JOE outperformed by 51.2 percentage points (+35.1% for JOE against -16.1% for OPCH).
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.
JOE vs OPCH: side by side
| JOE (St. Joe Company (The)) | OPCH (Option Care Health, Inc.) | |
|---|---|---|
| 1-year return | +35.1% | -16.1% |
| 5-year return | +53.5% | -8.7% |
| Volatility (ann.) | 28.2% | 37.1% |
| Beta vs S&P 500 | 0.84 | 0.56 |
| Max drawdown (3Y) | -35.4% | -46.7% |
| Market cap | $3.9B | $3.6B |
| P/E (trailing) | 32.5 | 18.2 |
| Dividend yield | 0.90% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOE | OPCH |
|---|---|---|
| 2022 | -25.1% | +5.8% |
| 2023 | +57.1% | +12.0% |
| 2024 | -24.6% | -31.1% |
| 2025 | +33.7% | +37.3% |
| 2026 | +15.2% | -24.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOE and OPCH good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between JOE and OPCH?
The JOE/OPCH correlation stands at 0.51 on a 3-year window (1 year: 0.47, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is OPCH a good diversifier for JOE?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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/joe-vs-opch.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/joe-vs-opch/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: JOE correlations · OPCH correlations
