LSBK vs ORC: Correlation
Measured on weekly returns over the past three years, Lake Shore Bancorp, Inc. (LSBK) and Orchid Island Capital, Inc. (ORC) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LSBK and ORC?
Over the past 3 years, LSBK and ORC moved with a correlation of 0.44, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.44). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 258.4 %².
ORC is one of the assets that tracks LSBK most closely: it ranks #1 out of the 11 assets we track against LSBK. Their recent paths diverged sharply: over the last 12 months LSBK outperformed by 17.6 percentage points (+33.3% for LSBK against +15.7% for ORC).
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.
LSBK vs ORC: side by side
| LSBK (Lake Shore Bancorp, Inc.) | ORC (Orchid Island Capital, Inc.) | |
|---|---|---|
| 1-year return | +33.3% | +15.7% |
| 5-year return | +80.0% | -33.9% |
| Volatility (ann.) | 22.5% | 26.1% |
| Beta vs S&P 500 | 0.37 | 0.84 |
| Max drawdown (3Y) | -15.8% | -36.6% |
| Market cap | $0.1B | $1.3B |
| P/E (trailing) | 15.1 | 3.8 |
| Dividend yield | 2.09% | 20.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | LSBK | ORC |
|---|---|---|
| 2022 | -15.0% | -44.3% |
| 2023 | -3.0% | -3.1% |
| 2024 | +22.4% | +9.9% |
| 2025 | +48.2% | +12.7% |
| 2026 | +19.1% | +4.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LSBK and ORC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between LSBK and ORC?
As of 2026-08-27, the correlation of weekly returns between LSBK and ORC is 0.44 over 3 years, 0.19 over 1 year and 0.32 over 5 years.
Is ORC a good diversifier for LSBK?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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/lsbk-vs-orc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/lsbk-vs-orc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: LSBK correlations · ORC correlations
