BOKF vs HOFT: Correlation
BOK Financial Corporation (BOKF) and Hooker Furnishings Corporation (HOFT) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BOKF and HOFT?
Over the past 3 years, BOKF and HOFT moved with a correlation of 0.57, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.43 versus 0.57 over 3 years. Over 5 years the correlation is 0.48, and the annualized covariance of weekly returns is 800.3 %².
Among the 15 assets we track against BOKF, HOFT ranks #8 by 3-year correlation. Over the last 12 months HOFT came out ahead by 13.4 percentage points (+25.5% against +38.9%). One caveat on sizing: HOFT is 2.1 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.
BOKF vs HOFT: side by side
| BOKF (BOK Financial Corporation) | HOFT (Hooker Furnishings Corporation) | |
|---|---|---|
| 1-year return | +25.5% | +38.9% |
| 5-year return | +78.9% | -46.3% |
| Volatility (ann.) | 25.9% | 53.9% |
| Beta vs S&P 500 | 0.86 | 1.11 |
| Max drawdown (3Y) | -26.2% | -69.9% |
| Market cap | $8.4B | $0.1B |
| P/E (trailing) | 13.0 | – |
| Dividend yield | 1.82% | 5.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BOKF | HOFT |
|---|---|---|
| 2022 | +1.2% | -15.7% |
| 2023 | -15.2% | +45.7% |
| 2024 | +27.2% | -43.3% |
| 2025 | +13.8% | -13.3% |
| 2026 | +18.4% | +21.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BOKF and HOFT good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BOKF and HOFT?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.43 over the last year and 0.48 over 5 years.
Is HOFT a good diversifier for BOKF?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 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
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Related comparisons
Hubs: BOKF correlations · HOFT correlations
