OFG vs. WSO
OFG (OFG Bancorp) and WSO (Watsco, Inc.) are both stocks. OFG operates in Banks - Regional (Financial Services), while WSO operates in Industrial Distribution (Industrials). Over the past 10 years, OFG returned 21.87%/yr vs 14.60%/yr for WSO. At a 0.25 correlation, their price movements are largely independent.
Performance
OFG vs. WSO - Performance Comparison
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Returns By Period
In the year-to-date period, OFG achieves a 18.24% return, which is significantly higher than WSO's 16.91% return. Over the past 10 years, OFG has outperformed WSO with an annualized return of 21.87%, while WSO has yielded a comparatively lower 14.60% annualized return.
OFG
- 1D
- 1.78%
- 1M
- 6.61%
- YTD
- 18.24%
- 6M
- 15.94%
- 1Y
- 17.31%
- 3Y*
- 27.08%
- 5Y*
- 18.99%
- 10Y*
- 21.87%
WSO
- 1D
- -2.38%
- 1M
- 3.35%
- YTD
- 16.91%
- 6M
- 13.93%
- 1Y
- -6.90%
- 3Y*
- 4.71%
- 5Y*
- 9.46%
- 10Y*
- 14.60%
OFG vs. WSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OFG OFG Bancorp | 18.24% | -0.35% | 15.81% | 40.22% | 6.54% | 45.63% | -19.79% | 45.34% | 78.29% | -26.43% |
WSO Watsco, Inc. | 16.91% | -27.02% | 13.22% | 77.00% | -17.74% | 42.09% | 30.57% | 34.99% | -15.54% | 18.36% |
Correlation
The correlation between OFG and WSO is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 1990 | 0.25 |
The correlation between OFG and WSO shifts across timeframes, from 0.24 (1 year) to 0.37 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
OFG:
$4.49
WSO:
$13.08
OFG:
10.70
WSO:
29.64
OFG:
0.86
WSO:
5.76
OFG:
2.54
WSO:
2.03
OFG:
$862.62M
WSO:
$7.24B
OFG:
$614.52M
WSO:
$2.05B
OFG:
$285.15M
WSO:
$778.38M
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Return for Risk
OFG vs. WSO — Risk / Return Rank
OFG
WSO
OFG vs. WSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for OFG Bancorp (OFG) and Watsco, Inc. (WSO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OFG | WSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.99 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.01 | -0.21 | +1.22 |
| Martin ratioReturn relative to average drawdown | 2.33 | -0.35 | +2.68 |
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Drawdowns
OFG vs. WSO - Drawdown Comparison
The maximum OFG drawdown since its inception was -96.64%, which is greater than WSO's maximum drawdown of -64.30%. Use the drawdown chart below to compare losses from any high point for OFG and WSO.
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Drawdown Indicators
| OFG | WSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.64% | -64.30% | -32.34% |
Max Drawdown (1Y)Largest decline over 1 year | -17.13% | -33.42% | +16.29% |
Max Drawdown (3Y)Largest decline over 3 years | -24.56% | -41.62% | +17.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.56% | -41.62% | +17.06% |
Max Drawdown (10Y)Largest decline over 10 years | -61.25% | -41.62% | -19.63% |
Current DrawdownCurrent decline from peak | -0.06% | -28.91% | +28.85% |
Average DrawdownAverage peak-to-trough decline | -29.45% | -18.06% | -11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.43% | 20.00% | -12.57% |
Volatility
OFG vs. WSO - Volatility Comparison
The current volatility for OFG Bancorp (OFG) is 6.06%, while Watsco, Inc. (WSO) has a volatility of 9.50%. This indicates that OFG experiences smaller price fluctuations and is considered to be less risky than WSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OFG | WSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 9.50% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.83% | 22.86% | -4.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.76% | 31.86% | -6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.55% | 30.28% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.02% | 27.88% | +11.14% |
Dividends
OFG vs. WSO - Dividend Comparison
OFG's dividend yield for the trailing twelve months is around 2.60%, less than WSO's 3.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OFG OFG Bancorp | 2.60% | 2.93% | 2.36% | 2.35% | 2.54% | 1.51% | 1.51% | 1.19% | 1.52% | 2.55% | 1.83% | 4.92% |
WSO Watsco, Inc. | 3.17% | 3.47% | 2.23% | 2.29% | 3.43% | 2.44% | 3.06% | 3.55% | 4.02% | 2.71% | 2.43% | 2.39% |
Financials
OFG vs. WSO - Financials Comparison
This section allows you to compare key financial metrics between OFG Bancorp and Watsco, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
OFG vs. WSO - Profitability Comparison
OFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, OFG Bancorp reported a gross profit of 184.32M and revenue of 228.80M. Therefore, the gross margin over that period was 80.6%.
WSO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported a gross profit of 427.56M and revenue of 1.53B. Therefore, the gross margin over that period was 27.9%.
OFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, OFG Bancorp reported an operating income of 79.31M and revenue of 228.80M, resulting in an operating margin of 34.7%.
WSO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported an operating income of 110.18M and revenue of 1.53B, resulting in an operating margin of 7.2%.
OFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, OFG Bancorp reported a net income of 55.89M and revenue of 228.80M, resulting in a net margin of 24.4%.
WSO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watsco, Inc. reported a net income of 79.07M and revenue of 1.53B, resulting in a net margin of 5.2%.
Frequently Asked Questions
OFG and WSO have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WSO has higher volatility (9.50%) compared to OFG (6.06%). In terms of maximum drawdown, OFG dropped -96.64% vs WSO's -64.30%.
OFG currently has the higher Sharpe Ratio (0.68 vs -0.22), 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.
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