FMBH vs HTB: Correlation
Measured on weekly returns over the past three years, First Mid Bancshares, Inc. (FMBH) and HomeTrust Bancshares, Inc. (HTB) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and HTB?
On 3 years of weekly data the FMBH/HTB correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 579.6 %².
Within FMBH's tracked universe of 56 assets, HTB comes in at #29 by 3-year correlation. On 12-month performance FMBH holds a 13.5-point edge, +26.9% against +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.
FMBH vs HTB: side by side
| FMBH (First Mid Bancshares, Inc.) | HTB (HomeTrust Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +26.9% | +13.4% |
| 5-year return | +40.9% | +81.4% |
| Volatility (ann.) | 26.0% | 27.3% |
| Beta vs S&P 500 | 0.76 | 0.86 |
| Max drawdown (3Y) | -27.5% | -17.7% |
| Market cap | $1.3B | $0.8B |
| P/E (trailing) | 12.5 | 12.3 |
| Dividend yield | 1.99% | 1.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | HTB |
|---|---|---|
| 2022 | -23.2% | -20.9% |
| 2023 | +11.6% | +13.4% |
| 2024 | +9.1% | +27.0% |
| 2025 | +8.7% | +29.1% |
| 2026 | +31.1% | +9.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and HTB good diversifiers for each other?
No. With a correlation of 0.82, FMBH and HTB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FMBH and HTB?
The FMBH/HTB correlation stands at 0.82 on a 3-year window (1 year: 0.74, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is HTB a good diversifier for FMBH?
No. With a correlation of 0.82, FMBH and HTB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 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: FMBH correlations · HTB correlations
