ASB vs HBCP: Correlation
Associated Banc-Corp (ASB) and Home Bancorp, Inc. (HBCP) 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 ASB and HBCP?
Over the past 3 years, ASB and HBCP moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Over 5 years the correlation is 0.74, and the annualized covariance of weekly returns is 677.6 %².
Within ASB's tracked universe of 47 assets, HBCP comes in at #24 by 3-year correlation. Over the last 12 months HBCP came out ahead by 6.4 percentage points (+18.5% against +24.9%).
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.
ASB vs HBCP: side by side
| ASB (Associated Banc-Corp) | HBCP (Home Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +18.5% | +24.9% |
| 5-year return | +82.7% | +110.9% |
| Volatility (ann.) | 29.0% | 28.6% |
| Beta vs S&P 500 | 1.03 | 0.82 |
| Max drawdown (3Y) | -31.6% | -21.7% |
| Market cap | $5.8B | $0.5B |
| P/E (trailing) | 10.8 | 11.6 |
| Dividend yield | 3.08% | 1.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASB | HBCP |
|---|---|---|
| 2022 | +6.0% | -1.2% |
| 2023 | -2.9% | +8.0% |
| 2024 | +16.2% | +12.7% |
| 2025 | +11.8% | +27.9% |
| 2026 | +21.7% | +21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and HBCP 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 ASB and HBCP?
As of 2026-08-27, the correlation of weekly returns between ASB and HBCP is 0.82 over 3 years, 0.81 over 1 year and 0.74 over 5 years.
Is HBCP a good diversifier for ASB?
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/asb-vs-hbcp.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asb-vs-hbcp/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASB correlations · HBCP correlations
