COFS vs HTB: Correlation
How closely do ChoiceOne Financial Services, Inc. (COFS) and HomeTrust Bancshares, Inc. (HTB) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COFS and HTB?
Over the past 3 years, COFS and HTB moved with a correlation of 0.69, which is strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.69). Over 5 years the correlation is 0.58, and the annualized covariance of weekly returns is 680.7 %².
Few assets follow COFS as closely as HTB, which ranks #1 of 12 tracked partners. Their 12-month results are close: +10.7% for COFS against +13.4% for HTB.
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.
COFS vs HTB: side by side
| COFS (ChoiceOne Financial Services, Inc.) | HTB (HomeTrust Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +10.7% | +13.4% |
| 5-year return | +66.4% | +81.4% |
| Volatility (ann.) | 36.3% | 27.3% |
| Beta vs S&P 500 | 0.84 | 0.86 |
| Max drawdown (3Y) | -34.9% | -17.7% |
| Market cap | $0.5B | $0.8B |
| P/E (trailing) | 8.8 | 12.3 |
| Dividend yield | 3.43% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COFS | HTB |
|---|---|---|
| 2022 | +14.4% | -20.9% |
| 2023 | +5.3% | +13.4% |
| 2024 | +26.3% | +27.0% |
| 2025 | -14.0% | +29.1% |
| 2026 | +14.8% | +9.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COFS and HTB good diversifiers for each other?
To a limited degree. At 0.69 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 COFS and HTB?
As of 2026-08-27, the correlation of weekly returns between COFS and HTB is 0.69 over 3 years, 0.58 over 1 year and 0.58 over 5 years.
Is HTB a good diversifier for COFS?
To a limited degree. At 0.69 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 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: COFS correlations · HTB correlations
