OFG vs STBA: Correlation
OFG Bancorp (OFG) and S&T Bancorp, Inc. (STBA) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OFG and STBA?
Across a 3-year window, the weekly returns of OFG and STBA correlate at 0.78, strong. The link has loosened recently: the 1-year correlation (0.54) runs below the 3-year figure (0.78). Stretching to 5 years gives 0.75, with an annualized covariance of 612.8 %².
Few assets follow OFG as closely as STBA, which ranks #3 of 12 tracked partners. On 12-month performance STBA holds a 10.2-point edge, +18.8% against +29.0%.
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.
OFG vs STBA: side by side
| OFG (OFG Bancorp) | STBA (S&T Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +18.8% | +29.0% |
| 5-year return | +150.6% | +102.2% |
| Volatility (ann.) | 27.3% | 28.7% |
| Beta vs S&P 500 | 0.74 | 0.68 |
| Max drawdown (3Y) | -24.6% | -26.1% |
| Market cap | $2.2B | $1.8B |
| P/E (trailing) | 10.3 | 13.3 |
| Dividend yield | 2.49% | 1.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OFG | STBA |
|---|---|---|
| 2022 | +6.5% | +12.6% |
| 2023 | +40.2% | +2.1% |
| 2024 | +15.8% | +18.7% |
| 2025 | -1.1% | +6.7% |
| 2026 | +29.2% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OFG and STBA good diversifiers for each other?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between OFG and STBA?
The OFG/STBA correlation stands at 0.78 on a 3-year window (1 year: 0.54, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is STBA a good diversifier for OFG?
To a limited degree. At 0.78 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.78 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ofg-vs-stba.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ofg-vs-stba/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: OFG correlations · STBA correlations
