HBCP vs HNVR: Correlation
Home Bancorp, Inc. (HBCP) and Hanover Bancorp, Inc. (HNVR) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBCP and HNVR?
Across a 3-year window, the weekly returns of HBCP and HNVR correlate at 0.50, moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.50). Stretching to 5 years gives 0.41, with an annualized covariance of 391.0 %².
Within HBCP's tracked universe of 16 assets, HNVR comes in at #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +24.9% for HBCP and +23.0% for HNVR.
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.
HBCP vs HNVR: side by side
| HBCP (Home Bancorp, Inc.) | HNVR (Hanover Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +24.9% | +23.0% |
| 5-year return | +110.9% | +40.1% |
| Volatility (ann.) | 28.6% | 27.1% |
| Beta vs S&P 500 | 0.82 | 0.50 |
| Max drawdown (3Y) | -21.7% | -28.2% |
| Market cap | $0.5B | $0.2B |
| P/E (trailing) | 11.6 | 21.3 |
| Dividend yield | 1.76% | 1.48% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBCP | HNVR |
|---|---|---|
| 2022 | -1.2% | – |
| 2023 | +8.0% | -11.6% |
| 2024 | +12.7% | +33.7% |
| 2025 | +27.9% | +2.0% |
| 2026 | +21.9% | +18.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBCP and HNVR good diversifiers for each other?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HBCP and HNVR?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.61 over the last year and 0.41 over 5 years.
Is HNVR a good diversifier for HBCP?
Somewhat, no more. With 0.50 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.50 mean?
A reading of 0.50 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/hbcp-vs-hnvr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hbcp-vs-hnvr/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HBCP correlations · HNVR correlations
