BOH vs. OVLY

Last updated Jun 4, 2026

BOH (Bank of Hawaii Corporation) and OVLY (Oak Valley Bancorp) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, BOH returned 4.22%/yr vs 14.87%/yr for OVLY. At a 0.13 correlation, their price movements are largely independent.

Performance

BOH vs. OVLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bank of Hawaii Corporation (BOH) and Oak Valley Bancorp (OVLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BOH achieves a 10.49% return, which is significantly higher than OVLY's 9.87% return. Over the past 10 years, BOH has underperformed OVLY with an annualized return of 4.22%, while OVLY has yielded a comparatively higher 14.87% annualized return.

BOH

• 1D: -2.12%
• 1M: -5.40%
• YTD: 10.49%
• 6M: 14.47%
• 1Y: 15.97%
• 3Y*: 25.18%
• 5Y*: 0.80%
• 10Y*: 4.22%

OVLY

• 1D: -3.46%
• 1M: -1.27%
• YTD: 9.87%
• 6M: 17.62%
• 1Y: 32.23%
• 3Y*: 13.65%
• 5Y*: 13.65%
• 10Y*: 14.87%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BOH vs. OVLY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BOH Bank of Hawaii Corporation	10.49%	0.00%	3.64%	-1.51%	-4.11%	12.82%	-16.31%	45.86%	-19.19%	-0.36%
OVLY Oak Valley Bancorp	9.87%	5.11%	-0.71%	33.87%	32.37%	6.53%	-13.03%	7.90%	-5.24%	58.34%

Correlation

The correlation between BOH and OVLY is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 16, 2003	0.13

Over the past year, BOH and OVLY have become more correlated (0.57) than their long-term average of 0.13, meaning their price movements have been converging.

Fundamentals

Market Cap BOH : $2.97B OVLY : $271.63M
EPS BOH : $5.49 OVLY : $2.88
PE Ratio BOH : 13.52 OVLY : 11.33
PS Ratio BOH : 2.72 OVLY : 3.02
PB Ratio BOH : 1.96 OVLY : 1.32
Total Revenue (TTM) BOH : $1.09B OVLY : $89.67M
Gross Profit (TTM) BOH : $756.40M OVLY : $81.82M
EBITDA (TTM) BOH : $323.51M OVLY : $30.93M

Return for Risk

BOH vs. OVLY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BOH

BOH Risk / Return Rank: 60
BOH Sharpe Ratio Rank: 63
BOH Sortino Ratio Rank: 56
BOH Omega Ratio Rank: 54
BOH Calmar Ratio Rank: 62
BOH Martin Ratio Rank: 64

OVLY

OVLY Risk / Return Rank: 78
OVLY Sharpe Ratio Rank: 80
OVLY Sortino Ratio Rank: 78
OVLY Omega Ratio Rank: 74
OVLY Calmar Ratio Rank: 77
OVLY Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BOH vs. OVLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bank of Hawaii Corporation (BOH) and Oak Valley Bancorp (OVLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BOH	OVLY	Difference
Sharpe ratio Return per unit of total volatility	0.65	1.41	-0.76
Sortino ratio Return per unit of downside risk	1.08	2.21	-1.13
Omega ratio Gain probability vs. loss probability	1.13	1.26	-0.13
Calmar ratio Return relative to maximum drawdown	1.07	2.33	-1.26
Martin ratio Return relative to average drawdown	2.76	7.15	-4.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BOH vs. OVLY - Sharpe Ratio Comparison

The current BOH Sharpe Ratio is 0.65, which is lower than the OVLY Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of BOH and OVLY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BOH	OVLY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	1.41	-0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	0.47	-0.44
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.40	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.15	+0.25

Drawdowns

BOH vs. OVLY - Drawdown Comparison

The maximum BOH drawdown since its inception was -62.62%, smaller than the maximum OVLY drawdown of -85.81%. Use the drawdown chart below to compare losses from any high point for BOH and OVLY.

Drawdown Indicators

	BOH	OVLY	Difference
Max Drawdown Largest peak-to-trough decline	-62.62%	-85.81%	+23.19%
Max Drawdown (1Y) Largest decline over 1 year	-15.03%	-13.92%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-24.23%	-26.31%	+2.08%
Max Drawdown (5Y) Largest decline over 5 years	-61.82%	-26.31%	-35.51%
Max Drawdown (10Y) Largest decline over 10 years	-62.62%	-51.82%	-10.80%
Current Drawdown Current decline from peak	-7.22%	-6.93%	-0.29%
Average Drawdown Average peak-to-trough decline	-12.29%	-39.13%	+26.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.81%	4.52%	+1.29%

Volatility

BOH vs. OVLY - Volatility Comparison

Bank of Hawaii Corporation (BOH) has a higher volatility of 6.91% compared to Oak Valley Bancorp (OVLY) at 5.55%. This indicates that BOH's price experiences larger fluctuations and is considered to be riskier than OVLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BOH	OVLY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.91%	5.55%	+1.36%
Volatility (6M) Calculated over the trailing 6-month period	17.61%	14.65%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	24.63%	22.97%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.68%	29.39%	+4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.85%	37.59%	-4.74%

Dividends

BOH vs. OVLY - Dividend Comparison

BOH's dividend yield for the trailing twelve months is around 3.77%, more than OVLY's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BOH Bank of Hawaii Corporation	3.77%	4.10%	4.91%	3.86%	3.61%	3.27%	3.50%	2.72%	3.48%	2.94%	2.13%	2.86%
OVLY Oak Valley Bancorp	2.07%	2.00%	1.54%	1.07%	1.32%	1.67%	1.68%	1.39%	1.42%	1.28%	1.91%	2.02%

Financials

BOH vs. OVLY - Profitability Comparison

The chart below illustrates the profitability comparison between Bank of Hawaii Corporation and Oak Valley Bancorp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BOH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of Hawaii Corporation reported a gross profit of 190.57M and revenue of 263.54M. Therefore, the gross margin over that period was 72.3%.

OVLY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Oak Valley Bancorp reported a gross profit of 20.31M and revenue of 20.78M. Therefore, the gross margin over that period was 97.8%.

BOH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of Hawaii Corporation reported an operating income of 74.50M and revenue of 263.54M, resulting in an operating margin of 28.3%.

OVLY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Oak Valley Bancorp reported an operating income of 6.81M and revenue of 20.78M, resulting in an operating margin of 32.8%.

BOH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of Hawaii Corporation reported a net income of 57.43M and revenue of 263.54M, resulting in a net margin of 21.8%.

OVLY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Oak Valley Bancorp reported a net income of 5.31M and revenue of 20.78M, resulting in a net margin of 25.6%.

Frequently Asked Questions

Can I hold both BOH and OVLY in my portfolio?

BOH and OVLY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BOH or OVLY?

BOH has higher volatility (6.91%) compared to OVLY (5.55%). In terms of maximum drawdown, BOH dropped -62.62% vs OVLY's -85.81%.

Which has better risk-adjusted returns?

OVLY currently has the higher Sharpe Ratio (1.41 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.