HBCP vs MPB: Correlation
Measured on weekly returns over the past three years, Home Bancorp, Inc. (HBCP) and Mid Penn Bancorp (MPB) carry a correlation of 0.80, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBCP and MPB?
Across a 3-year window, the weekly returns of HBCP and MPB correlate at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.86 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 636.7 %².
Within HBCP's tracked universe of 16 assets, MPB comes in at #6 by 3-year correlation. Neither side won the trailing year by much: +24.9% against +25.2%.
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 MPB: side by side
| HBCP (Home Bancorp, Inc.) | MPB (Mid Penn Bancorp) | |
|---|---|---|
| 1-year return | +24.9% | +25.2% |
| 5-year return | +110.9% | +61.4% |
| Volatility (ann.) | 28.6% | 27.8% |
| Beta vs S&P 500 | 0.82 | 0.71 |
| Max drawdown (3Y) | -21.7% | -26.8% |
| Market cap | $0.5B | $0.9B |
| P/E (trailing) | 11.6 | 12.8 |
| Dividend yield | 1.76% | 2.42% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBCP | MPB |
|---|---|---|
| 2022 | -1.2% | -2.9% |
| 2023 | +8.0% | -16.1% |
| 2024 | +12.7% | +22.8% |
| 2025 | +27.9% | +10.7% |
| 2026 | +21.9% | +20.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBCP and MPB good diversifiers for each other?
No. With a correlation of 0.80, HBCP and MPB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HBCP and MPB?
As of 2026-08-27, the correlation of weekly returns between HBCP and MPB is 0.80 over 3 years, 0.86 over 1 year and 0.70 over 5 years.
Is MPB a good diversifier for HBCP?
No. With a correlation of 0.80, HBCP and MPB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 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/hbcp-vs-mpb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hbcp-vs-mpb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HBCP correlations · MPB correlations
