PEBO vs PRK: Correlation
Peoples Bancorp Inc. (PEBO) and Park National Corporation (PRK) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PEBO and PRK?
On 3 years of weekly data the PEBO/PRK correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. The 5-year figure is 0.76, and annualized covariance runs at 610.2 %².
Among the 26 assets we track against PEBO, PRK ranks #8 by 3-year correlation. The last year tells two different stories: PEBO led by 16.4 percentage points, +33.6% for PEBO against +17.2% for PRK.
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.
PEBO vs PRK: side by side
| PEBO (Peoples Bancorp Inc.) | PRK (Park National Corporation) | |
|---|---|---|
| 1-year return | +33.6% | +17.2% |
| 5-year return | +66.3% | +98.6% |
| Volatility (ann.) | 25.1% | 28.2% |
| Beta vs S&P 500 | 0.69 | 0.78 |
| Max drawdown (3Y) | -24.5% | -30.4% |
| Market cap | $1.4B | $3.6B |
| P/E (trailing) | 12.0 | 17.7 |
| Dividend yield | 4.18% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PEBO | PRK |
|---|---|---|
| 2022 | -6.6% | +6.1% |
| 2023 | +26.5% | -2.0% |
| 2024 | -1.0% | +33.0% |
| 2025 | +0.1% | -8.1% |
| 2026 | +36.7% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PEBO and PRK good diversifiers for each other?
No: a correlation of 0.86 means PEBO and PRK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between PEBO and PRK?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.86 over the last year and 0.76 over 5 years.
Is PRK a good diversifier for PEBO?
No: a correlation of 0.86 means PEBO and PRK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 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: PEBO correlations · PRK correlations
