MXC vs OPBK: Correlation
How closely do Mexco Energy Corporation (MXC) and OP Bancorp (OPBK) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MXC and OPBK?
Over the past 3 years, MXC and OPBK moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.14) sits close to the 3-year figure. Over 5 years the correlation is -0.04, and the annualized covariance of weekly returns is -360.4 %².
Among the 56 assets we track against MXC, OPBK ranks #29 by 3-year correlation. On 12-month performance MXC holds a 11.0-point edge, +21.6% against +10.6%. One caveat on sizing: MXC is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MXC vs OPBK: side by side
| MXC (Mexco Energy Corporation) | OPBK (OP Bancorp) | |
|---|---|---|
| 1-year return | +21.6% | +10.6% |
| 5-year return | +7.2% | +86.0% |
| Volatility (ann.) | 62.1% | 30.2% |
| Beta vs S&P 500 | -0.31 | 0.65 |
| Max drawdown (3Y) | -60.6% | -41.8% |
| Market cap | – | $0.2B |
| P/E (trailing) | 13.0 | 7.7 |
| Dividend yield | 1.02% | 3.33% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MXC | OPBK |
|---|---|---|
| 2022 | +33.0% | -9.3% |
| 2023 | -26.2% | +3.2% |
| 2024 | +24.6% | +50.5% |
| 2025 | -10.8% | -7.4% |
| 2026 | -0.6% | +10.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MXC and OPBK good diversifiers for each other?
Yes. With a correlation of -0.19, MXC and OPBK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MXC and OPBK?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.14 over the last year and -0.04 over 5 years.
Is OPBK a good diversifier for MXC?
Yes. With a correlation of -0.19, MXC and OPBK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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/mxc-vs-opbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/mxc-vs-opbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MXC correlations · OPBK correlations
