CARE vs HTB: Correlation
Measured on weekly returns over the past three years, Carter Bankshares, Inc. (CARE) and HomeTrust Bancshares, Inc. (HTB) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARE and HTB?
Across a 3-year window, the weekly returns of CARE and HTB correlate at 0.74, strong. The link has loosened recently: the 1-year correlation (0.58) runs below the 3-year figure (0.74). Stretching to 5 years gives 0.67, with an annualized covariance of 622.0 %².
In CARE's tracked universe of 14 assets, HTB sits right near the top at #3. Correlation aside, the last 12 months split them widely, with CARE ahead by 52.3 points (+65.7% versus +13.4%).
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.
CARE vs HTB: side by side
| CARE (Carter Bankshares, Inc.) | HTB (HomeTrust Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +65.7% | +13.4% |
| 5-year return | +167.6% | +81.4% |
| Volatility (ann.) | 30.7% | 27.3% |
| Beta vs S&P 500 | 0.64 | 0.86 |
| Max drawdown (3Y) | -31.7% | -17.7% |
| Market cap | $0.7B | $0.8B |
| P/E (trailing) | 5.5 | 12.3 |
| Dividend yield | 0.32% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CARE | HTB |
|---|---|---|
| 2022 | +7.8% | -20.9% |
| 2023 | -9.8% | +13.4% |
| 2024 | +17.5% | +27.0% |
| 2025 | +11.8% | +29.1% |
| 2026 | +64.1% | +9.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARE and HTB good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CARE and HTB?
The CARE/HTB correlation stands at 0.74 on a 3-year window (1 year: 0.58, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is HTB a good diversifier for CARE?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.74 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: CARE correlations · HTB correlations
