OPBK vs OPHC: Correlation
Measured on weekly returns over the past three years, OP Bancorp (OPBK) and OptimumBank Holdings, Inc. (OPHC) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPBK and OPHC?
Over the past 3 years, OPBK and OPHC moved with a correlation of 0.40, which is moderate. The link has loosened recently: the 1-year correlation (0.30) runs below the 3-year figure (0.40). Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 387.1 %².
Among the 15 assets we track against OPBK, OPHC ranks #8 by 3-year correlation. The last year tells two different stories: OPHC led by 89.4 percentage points, +10.6% for OPBK against +100.0% for OPHC.
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.
OPBK vs OPHC: side by side
| OPBK (OP Bancorp) | OPHC (OptimumBank Holdings, Inc.) | |
|---|---|---|
| 1-year return | +10.6% | +100.0% |
| 5-year return | +86.0% | +84.4% |
| Volatility (ann.) | 30.2% | 32.0% |
| Beta vs S&P 500 | 0.65 | 0.67 |
| Max drawdown (3Y) | -41.8% | -34.1% |
| Market cap | $0.2B | $0.1B |
| P/E (trailing) | 7.7 | 10.0 |
| Dividend yield | 3.33% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPBK | OPHC |
|---|---|---|
| 2022 | -9.3% | +4.1% |
| 2023 | +3.2% | +2.2% |
| 2024 | +50.5% | +13.9% |
| 2025 | -7.4% | -10.7% |
| 2026 | +10.4% | +105.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPBK and OPHC good diversifiers for each other?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between OPBK and OPHC?
Using weekly returns as of 2026-08-27: 0.40 over 3 years, with 0.30 over the last year and 0.37 over 5 years.
Is OPHC a good diversifier for OPBK?
A fair diversifier. At 0.40, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.40 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: OPBK correlations · OPHC correlations
