ONB vs PSFE: Correlation
Measured on weekly returns over the past three years, Old National Bancorp (ONB) and Paysafe Limited (PSFE) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONB and PSFE?
Over the past 3 years, ONB and PSFE moved with a correlation of 0.48, which is moderate. The link has loosened recently: the 1-year correlation (0.35) runs below the 3-year figure (0.48). Over 5 years the correlation is 0.38, and the annualized covariance of weekly returns is 846.5 %².
Among the 26 assets we track against ONB, PSFE ranks #19 by 3-year correlation. The last year tells two different stories: ONB led by 67.3 percentage points, +15.1% for ONB against -52.2% for PSFE. One caveat on sizing: PSFE 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.
ONB vs PSFE: side by side
| ONB (Old National Bancorp) | PSFE (Paysafe Limited) | |
|---|---|---|
| 1-year return | +15.1% | -52.2% |
| 5-year return | +81.8% | -93.3% |
| Volatility (ann.) | 29.0% | 60.9% |
| Beta vs S&P 500 | 1.07 | 1.61 |
| Max drawdown (3Y) | -26.1% | -76.6% |
| Market cap | $9.9B | $0.4B |
| P/E (trailing) | 11.4 | – |
| Dividend yield | 2.21% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONB | PSFE |
|---|---|---|
| 2022 | +2.5% | -70.4% |
| 2023 | -2.5% | -7.9% |
| 2024 | +32.5% | +33.7% |
| 2025 | +5.4% | -52.7% |
| 2026 | +17.3% | -16.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONB and PSFE good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ONB and PSFE?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.35 over the last year and 0.38 over 5 years.
Is PSFE a good diversifier for ONB?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
A reading of 0.48 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/onb-vs-psfe.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/onb-vs-psfe/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ONB correlations · PSFE correlations
