BMI vs HOMB: Correlation
Badger Meter, Inc. (BMI) and Home BancShares, Inc. (HOMB) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BMI and HOMB?
Over the past 3 years, BMI and HOMB moved with a correlation of 0.47, which is moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.47). Over 5 years the correlation is 0.45, and the annualized covariance of weekly returns is 418.1 %².
Few assets follow BMI as closely as HOMB, which ranks #1 of 15 tracked partners. The last year tells two different stories: HOMB led by 27.9 percentage points, -26.1% for BMI against +1.8% for HOMB.
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.
BMI vs HOMB: side by side
| BMI (Badger Meter, Inc.) | HOMB (Home BancShares, Inc.) | |
|---|---|---|
| 1-year return | -26.1% | +1.8% |
| 5-year return | +33.9% | +56.7% |
| Volatility (ann.) | 35.9% | 24.7% |
| Beta vs S&P 500 | 0.62 | 0.65 |
| Max drawdown (3Y) | -55.1% | -21.4% |
| Market cap | $4.0B | $5.9B |
| P/E (trailing) | 32.1 | 12.3 |
| Dividend yield | 1.17% | 2.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BMI | HOMB |
|---|---|---|
| 2022 | +3.2% | -3.7% |
| 2023 | +42.6% | +14.8% |
| 2024 | +38.3% | +15.0% |
| 2025 | -17.2% | +0.9% |
| 2026 | -20.3% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BMI and HOMB good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between BMI and HOMB?
The BMI/HOMB correlation stands at 0.47 on a 3-year window (1 year: 0.32, 5 years: 0.45), computed from weekly returns as of 2026-08-27.
Is HOMB a good diversifier for BMI?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 mean?
A reading of 0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bmi-vs-homb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bmi-vs-homb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BMI correlations · HOMB correlations
