FIBK vs HAPN: Correlation
Measured on weekly returns over the past three years, First Interstate BancSystem, Inc. (FIBK) and Happen, Inc. (HAPN) carry a correlation of 0.59, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FIBK and HAPN?
On 3 years of weekly data the FIBK/HAPN correlation comes out at 0.59, moderate. Recent behaviour matches the longer record: 0.54 over 1 year against 0.59 over 3. The 5-year figure is 0.42, and annualized covariance runs at 926.0 %².
Within FIBK's tracked universe of 20 assets, HAPN comes in at #9 by 3-year correlation. Over the last 12 months FIBK came out ahead by 12.2 percentage points (+21.9% against +9.7%). One caveat on sizing: HAPN is 1.7 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.
FIBK vs HAPN: side by side
| FIBK (First Interstate BancSystem, Inc.) | HAPN (Happen, Inc.) | |
|---|---|---|
| 1-year return | +21.9% | +9.7% |
| 5-year return | +13.8% | -35.2% |
| Volatility (ann.) | 30.3% | 51.5% |
| Beta vs S&P 500 | 0.98 | 1.56 |
| Max drawdown (3Y) | -31.8% | -52.2% |
| Market cap | $3.6B | $2.1B |
| P/E (trailing) | 11.5 | 11.0 |
| Dividend yield | 5.05% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FIBK | HAPN |
|---|---|---|
| 2022 | -0.8% | -63.6% |
| 2023 | -14.8% | -0.7% |
| 2024 | +12.9% | +85.2% |
| 2025 | +13.5% | +17.0% |
| 2026 | +11.8% | -2.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FIBK and HAPN good diversifiers for each other?
Only partially. A correlation of 0.59 means FIBK and HAPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FIBK and HAPN?
Using weekly returns as of 2026-08-27: 0.59 over 3 years, with 0.54 over the last year and 0.42 over 5 years.
Is HAPN a good diversifier for FIBK?
Only partially. A correlation of 0.59 means FIBK and HAPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
On the −1 to +1 scale, 0.59 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
$ curl https://www.pairbook.io/api/v1/pairs/fibk-vs-hapn.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fibk-vs-hapn/)
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Related comparisons
Hubs: FIBK correlations · HAPN correlations
