OSBC vs PEBO: Correlation
Old Second Bancorp, Inc. (OSBC) and Peoples Bancorp Inc. (PEBO) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are OSBC and PEBO?
On 3 years of weekly data the OSBC/PEBO correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 556.9 %².
By 3-year correlation, PEBO places #5 of the 11 assets tracked against OSBC. Neither side won the trailing year by much: +37.4% against +33.6%.
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.
OSBC vs PEBO: side by side
| OSBC (Old Second Bancorp, Inc.) | PEBO (Peoples Bancorp Inc.) | |
|---|---|---|
| 1-year return | +37.4% | +33.6% |
| 5-year return | +130.4% | +66.3% |
| Volatility (ann.) | 26.8% | 25.1% |
| Beta vs S&P 500 | 0.67 | 0.69 |
| Max drawdown (3Y) | -25.5% | -24.5% |
| Market cap | $1.3B | $1.4B |
| P/E (trailing) | 14.6 | 12.0 |
| Dividend yield | 1.07% | 4.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | OSBC | PEBO |
|---|---|---|
| 2022 | +29.2% | -6.6% |
| 2023 | -2.4% | +26.5% |
| 2024 | +16.7% | -1.0% |
| 2025 | +11.3% | +0.1% |
| 2026 | +30.3% | +36.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are OSBC and PEBO good diversifiers for each other?
No: a correlation of 0.83 means OSBC and PEBO tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between OSBC and PEBO?
As of 2026-08-27, the correlation of weekly returns between OSBC and PEBO is 0.83 over 3 years, 0.81 over 1 year and 0.70 over 5 years.
Is PEBO a good diversifier for OSBC?
No: a correlation of 0.83 means OSBC and PEBO tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: OSBC correlations · PEBO correlations
