OPBK vs PGC: Correlation
OP Bancorp (OPBK) and Peapack-Gl (PGC) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OPBK and PGC?
Over the past 3 years, OPBK and PGC moved with a correlation of 0.71, which is strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 739.9 %².
Few assets follow OPBK as closely as PGC, which ranks #2 of 15 tracked partners. Their recent paths diverged sharply: over the last 12 months PGC outperformed by 47.1 percentage points (+10.6% for OPBK against +57.7% for PGC).
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 PGC: side by side
| OPBK (OP Bancorp) | PGC (Peapack-Gl) | |
|---|---|---|
| 1-year return | +10.6% | +57.7% |
| 5-year return | +86.0% | +41.8% |
| Volatility (ann.) | 30.2% | 34.4% |
| Beta vs S&P 500 | 0.65 | 0.88 |
| Max drawdown (3Y) | -41.8% | -34.2% |
| Market cap | $0.2B | $0.8B |
| P/E (trailing) | 7.7 | 15.7 |
| Dividend yield | 3.33% | 0.44% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OPBK | PGC |
|---|---|---|
| 2022 | -9.3% | +5.7% |
| 2023 | +3.2% | -19.3% |
| 2024 | +50.5% | +8.3% |
| 2025 | -7.4% | -12.5% |
| 2026 | +10.4% | +62.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OPBK and PGC good diversifiers for each other?
Only partially. A correlation of 0.71 means OPBK and PGC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between OPBK and PGC?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.68 over the last year and 0.68 over 5 years.
Is PGC a good diversifier for OPBK?
Only partially. A correlation of 0.71 means OPBK and PGC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
A reading of 0.71 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/opbk-vs-pgc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/opbk-vs-pgc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: OPBK correlations · PGC correlations
