ABCB vs BOH: Correlation
Ameris Bancorp (ABCB) and Bank of Hawaii Corporation (BOH) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and BOH?
Over the past 3 years, ABCB and BOH moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. Over 5 years the correlation is 0.80, and the annualized covariance of weekly returns is 706.2 %².
Within ABCB's tracked universe of 49 assets, BOH comes in at #25 by 3-year correlation. Their 12-month results are close: +16.9% for ABCB against +16.9% for BOH.
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.
ABCB vs BOH: side by side
| ABCB (Ameris Bancorp) | BOH (Bank of Hawaii Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +16.9% |
| 5-year return | +86.9% | +14.3% |
| Volatility (ann.) | 29.7% | 29.1% |
| Beta vs S&P 500 | 1.06 | 0.71 |
| Max drawdown (3Y) | -29.5% | -24.2% |
| Market cap | $5.7B | $3.0B |
| P/E (trailing) | 15.5 | 14.4 |
| Dividend yield | 0.93% | 3.62% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | BOH |
|---|---|---|
| 2022 | -3.8% | -4.1% |
| 2023 | +14.3% | -1.5% |
| 2024 | +19.4% | +3.6% |
| 2025 | +20.1% | +0.0% |
| 2026 | +15.5% | +15.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and BOH good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ABCB and BOH?
The ABCB/BOH correlation stands at 0.82 on a 3-year window (1 year: 0.75, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is BOH a good diversifier for ABCB?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-boh.json
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Related comparisons
Hubs: ABCB correlations · BOH correlations
