FXNC vs HBT: Correlation
How closely do First National Corporation (FXNC) and HBT Financial, Inc. (HBT) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FXNC and HBT?
On 3 years of weekly data the FXNC/HBT correlation comes out at 0.52, moderate. The past 12 months show a tighter link (0.81) than the 3-year average (0.52). The 5-year figure is 0.41, and annualized covariance runs at 380.8 %².
By 3-year correlation, HBT places #4 of the 13 assets tracked against FXNC. Their 12-month results are close: +35.9% for FXNC against +38.3% for HBT.
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.
FXNC vs HBT: side by side
| FXNC (First National Corporation) | HBT (HBT Financial, Inc.) | |
|---|---|---|
| 1-year return | +35.9% | +38.3% |
| 5-year return | +71.2% | +160.4% |
| Volatility (ann.) | 27.4% | 26.7% |
| Beta vs S&P 500 | 0.50 | 0.80 |
| Max drawdown (3Y) | -31.6% | -18.7% |
| Market cap | $0.3B | $1.3B |
| P/E (trailing) | 12.9 | 15.2 |
| Dividend yield | 2.15% | 2.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FXNC | HBT |
|---|---|---|
| 2022 | -23.3% | +8.1% |
| 2023 | +31.5% | +11.7% |
| 2024 | +9.3% | +7.7% |
| 2025 | +12.7% | +22.2% |
| 2026 | +24.6% | +41.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FXNC and HBT good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FXNC and HBT?
The FXNC/HBT correlation stands at 0.52 on a 3-year window (1 year: 0.81, 5 years: 0.41), computed from weekly returns as of 2026-08-27.
Is HBT a good diversifier for FXNC?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fxnc-vs-hbt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fxnc-vs-hbt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FXNC correlations · HBT correlations
