EVTC vs HMN: Correlation
Evertec, Inc. (EVTC) and Horace Mann Educators Corporation (HMN) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVTC and HMN?
Across a 3-year window, the weekly returns of EVTC and HMN correlate at 0.47, moderate. The relationship has been stable: the 1-year correlation (0.47) sits close to the 3-year figure. Stretching to 5 years gives 0.35, with an annualized covariance of 291.7 %².
By 3-year correlation, HMN places #5 of the 10 assets tracked against EVTC. Correlation aside, the last 12 months split them widely, with HMN ahead by 34.6 points (-18.7% versus +15.9%). Note the risk asymmetry: EVTC runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
EVTC vs HMN: side by side
| EVTC (Evertec, Inc.) | HMN (Horace Mann Educators Corporation) | |
|---|---|---|
| 1-year return | -18.7% | +15.9% |
| 5-year return | -34.3% | +48.6% |
| Volatility (ann.) | 31.3% | 20.0% |
| Beta vs S&P 500 | 0.68 | 0.26 |
| Max drawdown (3Y) | -46.4% | -17.1% |
| Market cap | $1.8B | $2.1B |
| P/E (trailing) | 19.4 | 12.0 |
| Dividend yield | 0.67% | 2.76% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVTC | HMN |
|---|---|---|
| 2022 | -34.9% | -0.1% |
| 2023 | +27.1% | -8.8% |
| 2024 | -15.2% | +24.6% |
| 2025 | -15.4% | +21.5% |
| 2026 | +1.9% | +12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVTC and HMN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EVTC and HMN?
As of 2026-08-27, the correlation of weekly returns between EVTC and HMN is 0.47 over 3 years, 0.47 over 1 year and 0.35 over 5 years.
Is HMN a good diversifier for EVTC?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/evtc-vs-hmn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evtc-vs-hmn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVTC correlations · HMN correlations
