HBCP vs ISTR: Correlation
Home Bancorp, Inc. (HBCP) and Investar Holding Corporation (ISTR) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBCP and ISTR?
Over the past 3 years, HBCP and ISTR moved with a correlation of 0.73, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.84 versus 0.73 over 3 years. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 671.9 %².
Within HBCP's tracked universe of 16 assets, ISTR comes in at #8 by 3-year correlation. On 12-month performance ISTR holds a 7.4-point edge, +24.9% against +32.3%.
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 ISTR: side by side
| HBCP (Home Bancorp, Inc.) | ISTR (Investar Holding Corporation) | |
|---|---|---|
| 1-year return | +24.9% | +32.3% |
| 5-year return | +110.9% | +50.1% |
| Volatility (ann.) | 28.6% | 32.1% |
| Beta vs S&P 500 | 0.82 | 0.84 |
| Max drawdown (3Y) | -21.7% | -35.3% |
| Market cap | $0.5B | $0.4B |
| P/E (trailing) | 11.6 | 12.4 |
| Dividend yield | 1.76% | 1.50% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBCP | ISTR |
|---|---|---|
| 2022 | -1.2% | +19.0% |
| 2023 | +8.0% | -28.6% |
| 2024 | +12.7% | +50.7% |
| 2025 | +27.9% | +24.2% |
| 2026 | +21.9% | +14.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBCP and ISTR good diversifiers for each other?
Only partially. A correlation of 0.73 means HBCP and ISTR 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 HBCP and ISTR?
The HBCP/ISTR correlation stands at 0.73 on a 3-year window (1 year: 0.84, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is ISTR a good diversifier for HBCP?
Only partially. A correlation of 0.73 means HBCP and ISTR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 mean?
A reading of 0.73 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
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Related comparisons
Hubs: HBCP correlations · ISTR correlations
