ALTI vs HFBL: Correlation
How closely do AlTi Global, Inc. (ALTI) and Home Federal Bancorp, Inc. of Louisiana (HFBL) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALTI and HFBL?
On 3 years of weekly data the ALTI/HFBL correlation comes out at 0.33, moderate. The relationship has been stable: the 1-year correlation (0.30) sits close to the 3-year figure. The 5-year figure is 0.11, and annualized covariance runs at 559.1 %².
Among the 13 assets we track against ALTI, HFBL ranks #8 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HFBL ahead by 110.3 points (-8.3% versus +102.0%). Risk is not evenly split, since ALTI carries 1.8 times the volatility of the other side.
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.
ALTI vs HFBL: side by side
| ALTI (AlTi Global, Inc.) | HFBL (Home Federal Bancorp, Inc. of Louisiana) | |
|---|---|---|
| 1-year return | -8.3% | +102.0% |
| 5-year return | -58.9% | +67.8% |
| Volatility (ann.) | 56.3% | 30.5% |
| Beta vs S&P 500 | 1.23 | 0.12 |
| Max drawdown (3Y) | -72.2% | -28.6% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | – | 12.6 |
| Dividend yield | 0.00% | 2.06% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALTI | HFBL |
|---|---|---|
| 2022 | +10.4% | -14.2% |
| 2023 | -19.7% | -13.5% |
| 2024 | -49.7% | -8.9% |
| 2025 | +5.2% | +49.2% |
| 2026 | -14.7% | +44.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALTI and HFBL good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ALTI and HFBL?
The ALTI/HFBL correlation stands at 0.33 on a 3-year window (1 year: 0.30, 5 years: 0.11), computed from weekly returns as of 2026-08-27.
Is HFBL a good diversifier for ALTI?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
A reading of 0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALTI correlations · HFBL correlations
