OBK vs PEBO: Correlation
Origin Bancorp, Inc. (OBK) and Peoples Bancorp Inc. (PEBO) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OBK and PEBO?
Over the past 3 years, OBK and PEBO moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.74) runs below the 3-year figure (0.85). Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 621.3 %².
Few assets follow OBK as closely as PEBO, which ranks #2 of 11 tracked partners. Over the last 12 months OBK came out ahead by 5.3 percentage points (+38.9% against +33.6%).
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.
OBK vs PEBO: side by side
| OBK (Origin Bancorp, Inc.) | PEBO (Peoples Bancorp Inc.) | |
|---|---|---|
| 1-year return | +38.9% | +33.6% |
| 5-year return | +43.8% | +66.3% |
| Volatility (ann.) | 29.1% | 25.1% |
| Beta vs S&P 500 | 0.90 | 0.69 |
| Max drawdown (3Y) | -28.0% | -24.5% |
| Market cap | $1.6B | $1.4B |
| P/E (trailing) | 16.7 | 12.0 |
| Dividend yield | 1.31% | 4.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OBK | PEBO |
|---|---|---|
| 2022 | -13.3% | -6.6% |
| 2023 | -1.2% | +26.5% |
| 2024 | -4.6% | -1.0% |
| 2025 | +14.8% | +0.1% |
| 2026 | +43.3% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OBK and PEBO good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between OBK and PEBO?
As of 2026-08-27, the correlation of weekly returns between OBK and PEBO is 0.85 over 3 years, 0.74 over 1 year and 0.80 over 5 years.
Is PEBO a good diversifier for OBK?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 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.
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Related comparisons
Hubs: OBK correlations · PEBO correlations
