ONB vs VFC: Correlation
Measured on weekly returns over the past three years, Old National Bancorp (ONB) and V.F. Corporation (VFC) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ONB and VFC?
Over the past 3 years, ONB and VFC moved with a correlation of 0.52, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.52 over 3. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 823.4 %².
Among the 26 assets we track against ONB, VFC ranks #17 by 3-year correlation. The last year tells two different stories: ONB led by 21.8 percentage points, +15.1% for ONB against -6.7% for VFC. One caveat on sizing: VFC is 1.9 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 VFC: side by side
| ONB (Old National Bancorp) | VFC (V.F. Corporation) | |
|---|---|---|
| 1-year return | +15.1% | -6.7% |
| 5-year return | +81.8% | -79.1% |
| Volatility (ann.) | 29.0% | 54.9% |
| Beta vs S&P 500 | 1.07 | 1.25 |
| Max drawdown (3Y) | -26.1% | -63.7% |
| Market cap | $9.9B | $5.4B |
| P/E (trailing) | 11.4 | 20.1 |
| Dividend yield | 2.21% | 12.96% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ONB | VFC |
|---|---|---|
| 2022 | +2.5% | -60.4% |
| 2023 | -2.5% | -28.5% |
| 2024 | +32.5% | +16.6% |
| 2025 | +5.4% | -13.8% |
| 2026 | +17.3% | -23.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ONB and VFC good diversifiers for each other?
To a limited degree. At 0.52 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 ONB and VFC?
As of 2026-08-27, the correlation of weekly returns between ONB and VFC is 0.52 over 3 years, 0.61 over 1 year and 0.43 over 5 years.
Is VFC a good diversifier for ONB?
To a limited degree. At 0.52 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 0.52 mean?
On the −1 to +1 scale, 0.52 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/onb-vs-vfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/onb-vs-vfc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ONB correlations · VFC correlations
