ABCB vs HWC: Correlation
Ameris Bancorp (ABCB) and Hancock Whitney Corporation (HWC) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and HWC?
On 3 years of weekly data the ABCB/HWC correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.89 over 3. The 5-year figure is 0.86, and annualized covariance runs at 813.4 %².
Few assets follow ABCB as closely as HWC, which ranks #3 of 49 tracked partners. Twelve-month performance is nearly a tie, at +16.9% for ABCB and +21.6% for HWC.
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 HWC: side by side
| ABCB (Ameris Bancorp) | HWC (Hancock Whitney Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +21.6% |
| 5-year return | +86.9% | +89.0% |
| Volatility (ann.) | 29.7% | 30.7% |
| Beta vs S&P 500 | 1.06 | 1.03 |
| Max drawdown (3Y) | -29.5% | -23.9% |
| Market cap | $5.7B | $6.0B |
| P/E (trailing) | 15.5 | 14.7 |
| Dividend yield | 0.93% | 2.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | HWC |
|---|---|---|
| 2022 | -3.8% | -1.2% |
| 2023 | +14.3% | +3.3% |
| 2024 | +19.4% | +16.1% |
| 2025 | +20.1% | +20.0% |
| 2026 | +15.5% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and HWC good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ABCB and HWC?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.83 over the last year and 0.86 over 5 years.
Is HWC a good diversifier for ABCB?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-hwc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-hwc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · HWC correlations
