GBFH vs HLI: Correlation
Measured on weekly returns over the past three years, GBank Financial Holdings Inc. (GBFH) and Houlihan Lokey, Inc. (HLI) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBFH and HLI?
Across a 3-year window, the weekly returns of GBFH and HLI correlate at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of 637.5 %².
Within GBFH's tracked universe of 18 assets, HLI comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HLI outperformed by 16.8 percentage points (-50.5% for GBFH against -33.7% for HLI). Risk is not evenly split, since GBFH carries 1.9 times the volatility of the other side.
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.
GBFH vs HLI: side by side
| GBFH (GBank Financial Holdings Inc.) | HLI (Houlihan Lokey, Inc.) | |
|---|---|---|
| 1-year return | -50.5% | -33.7% |
| 5-year return | n/a | +58.6% |
| Volatility (ann.) | 49.3% | 25.5% |
| Beta vs S&P 500 | 1.11 | 0.95 |
| Max drawdown (3Y) | -53.8% | -40.3% |
| Market cap | $0.3B | $9.1B |
| P/E (trailing) | 15.9 | 21.8 |
| Dividend yield | 0.00% | 1.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBFH | HLI |
|---|---|---|
| 2022 | – | -13.9% |
| 2023 | – | +40.7% |
| 2024 | – | +47.0% |
| 2025 | -21.2% | +1.6% |
| 2026 | -40.0% | -24.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBFH and HLI good diversifiers for each other?
Reasonably. At 0.48, GBFH and HLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between GBFH and HLI?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.54 over the last year and n/a over 5 years.
Is HLI a good diversifier for GBFH?
Reasonably. At 0.48, GBFH and HLI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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/gbfh-vs-hli.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/gbfh-vs-hli/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBFH correlations · HLI correlations
