CLBK vs HOMB: Correlation
Columbia Financial, Inc. (CLBK) and Home BancShares, Inc. (HOMB) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CLBK and HOMB?
On 3 years of weekly data the CLBK/HOMB correlation comes out at 0.77, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.77 over 3. The 5-year figure is 0.59, and annualized covariance runs at 571.2 %².
HOMB is one of the assets that tracks CLBK most closely: it ranks #3 out of the 11 assets we track against CLBK. Their recent paths diverged sharply: over the last 12 months CLBK outperformed by 68.9 percentage points (+70.7% for CLBK 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.
CLBK vs HOMB: side by side
| CLBK (Columbia Financial, Inc.) | HOMB (Home BancShares, Inc.) | |
|---|---|---|
| 1-year return | +70.7% | +1.8% |
| 5-year return | +45.5% | +56.7% |
| Volatility (ann.) | 30.1% | 24.7% |
| Beta vs S&P 500 | 0.64 | 0.65 |
| Max drawdown (3Y) | -33.9% | -21.4% |
| Market cap | $1.2B | $5.9B |
| P/E (trailing) | 21.3 | 12.3 |
| Dividend yield | 0.00% | 2.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CLBK | HOMB |
|---|---|---|
| 2022 | +3.6% | -3.7% |
| 2023 | -10.8% | +14.8% |
| 2024 | -18.0% | +15.0% |
| 2025 | -1.7% | +0.9% |
| 2026 | +67.0% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CLBK and HOMB good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CLBK and HOMB?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.68 over the last year and 0.59 over 5 years.
Is HOMB a good diversifier for CLBK?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
On the −1 to +1 scale, 0.77 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
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Related comparisons
Hubs: CLBK correlations · HOMB correlations
