MRX vs OFG: Correlation
How closely do Marex Group Limited (MRX) and OFG Bancorp (OFG) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MRX and OFG?
On 3 years of weekly data the MRX/OFG correlation comes out at 0.39, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 415.7 %².
Within MRX's tracked universe of 16 assets, OFG comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MRX ahead by 80.8 points (+99.6% versus +18.8%).
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.
MRX vs OFG: side by side
| MRX (Marex Group Limited) | OFG (OFG Bancorp) | |
|---|---|---|
| 1-year return | +99.6% | +18.8% |
| 5-year return | n/a | +150.6% |
| Volatility (ann.) | 39.3% | 27.3% |
| Beta vs S&P 500 | 0.44 | 0.74 |
| Max drawdown (3Y) | -41.1% | -24.6% |
| Market cap | – | $2.2B |
| P/E (trailing) | 14.6 | 10.3 |
| Dividend yield | 1.04% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MRX | OFG |
|---|---|---|
| 2022 | – | +6.5% |
| 2023 | – | +40.2% |
| 2024 | – | +15.8% |
| 2025 | +25.1% | -1.1% |
| 2026 | +87.8% | +29.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MRX and OFG good diversifiers for each other?
Reasonably. At 0.39, MRX and OFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MRX and OFG?
As of 2026-08-27, the correlation of weekly returns between MRX and OFG is 0.39 over 3 years, 0.40 over 1 year and n/a over 5 years.
Is OFG a good diversifier for MRX?
Reasonably. At 0.39, MRX and OFG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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/mrx-vs-ofg.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/mrx-vs-ofg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MRX correlations · OFG correlations
