BOH vs PLX: Correlation
Bank of Hawaii Corporation (BOH) and Protalix BioTherapeutics, Inc. (DE) (PLX) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOH and PLX?
On 3 years of weekly data the BOH/PLX correlation comes out at 0.36, moderate. Recent behaviour matches the longer record: 0.33 over 1 year against 0.36 over 3. The 5-year figure is 0.25, and annualized covariance runs at 688.2 %².
Among the 12 assets we track against BOH, PLX ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PLX outperformed by 46.2 percentage points (+16.9% for BOH against +63.1% for PLX). One caveat on sizing: PLX is 2.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
BOH vs PLX: side by side
| BOH (Bank of Hawaii Corporation) | PLX (Protalix BioTherapeutics, Inc. (DE)) | |
|---|---|---|
| 1-year return | +16.9% | +63.1% |
| 5-year return | +14.3% | +66.2% |
| Volatility (ann.) | 29.1% | 65.1% |
| Beta vs S&P 500 | 0.71 | 0.87 |
| Max drawdown (3Y) | -24.2% | -56.0% |
| Market cap | $3.0B | $0.2B |
| P/E (trailing) | 14.4 | 11.3 |
| Dividend yield | 3.62% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOH | PLX |
|---|---|---|
| 2022 | -4.1% | +65.1% |
| 2023 | -1.5% | +29.9% |
| 2024 | +3.6% | +5.6% |
| 2025 | +0.0% | -4.3% |
| 2026 | +15.0% | +45.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOH and PLX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BOH and PLX?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.33 over the last year and 0.25 over 5 years.
Is PLX a good diversifier for BOH?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 mean?
On the −1 to +1 scale, 0.36 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/boh-vs-plx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/boh-vs-plx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BOH correlations · PLX correlations
