BANF vs HNVR: Correlation
BancFirst Corporation (BANF) and Hanover Bancorp, Inc. (HNVR) show a moderate relationship: their 3-year correlation of weekly returns is 0.51.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANF and HNVR?
Across a 3-year window, the weekly returns of BANF and HNVR correlate at 0.51, moderate. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. Stretching to 5 years gives 0.34, with an annualized covariance of 390.3 %².
By 3-year correlation, HNVR places #8 of the 16 assets tracked against BANF. Their recent paths diverged sharply: over the last 12 months HNVR outperformed by 39.1 percentage points (-16.1% for BANF against +23.0% for HNVR).
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.
BANF vs HNVR: side by side
| BANF (BancFirst Corporation) | HNVR (Hanover Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -16.1% | +23.0% |
| 5-year return | +116.0% | +40.1% |
| Volatility (ann.) | 28.2% | 27.1% |
| Beta vs S&P 500 | 0.72 | 0.50 |
| Max drawdown (3Y) | -23.6% | -28.2% |
| Market cap | $3.7B | $0.2B |
| P/E (trailing) | 14.9 | 21.3 |
| Dividend yield | 1.75% | 1.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANF | HNVR |
|---|---|---|
| 2022 | +27.1% | – |
| 2023 | +12.4% | -11.6% |
| 2024 | +22.6% | +33.7% |
| 2025 | -8.0% | +2.0% |
| 2026 | +5.1% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANF and HNVR good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BANF and HNVR?
As of 2026-08-27, the correlation of weekly returns between BANF and HNVR is 0.51 over 3 years, 0.53 over 1 year and 0.34 over 5 years.
Is HNVR a good diversifier for BANF?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/banf-vs-hnvr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banf-vs-hnvr/)
Free with attribution; caching and terms are described in the API documentation.
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Hubs: BANF correlations · HNVR correlations
