HBCP vs SYBT: Correlation
Measured on weekly returns over the past three years, Home Bancorp, Inc. (HBCP) and Stock Yards Bancorp, Inc. (SYBT) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBCP and SYBT?
Across a 3-year window, the weekly returns of HBCP and SYBT correlate at 0.83, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.76 over 1 year against 0.83 over 3. Stretching to 5 years gives 0.68, with an annualized covariance of 708.4 %².
In HBCP's tracked universe of 16 assets, SYBT sits right near the top at #2. Their recent paths diverged sharply: over the last 12 months HBCP outperformed by 26.0 percentage points (+24.9% for HBCP against -1.1% for SYBT).
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 SYBT: side by side
| HBCP (Home Bancorp, Inc.) | SYBT (Stock Yards Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +24.9% | -1.1% |
| 5-year return | +110.9% | +73.4% |
| Volatility (ann.) | 28.6% | 29.9% |
| Beta vs S&P 500 | 0.82 | 0.94 |
| Max drawdown (3Y) | -21.7% | -24.2% |
| Market cap | $0.5B | $2.5B |
| P/E (trailing) | 11.6 | 16.0 |
| Dividend yield | 1.76% | 1.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBCP | SYBT |
|---|---|---|
| 2022 | -1.2% | +3.6% |
| 2023 | +8.0% | -18.8% |
| 2024 | +12.7% | +42.2% |
| 2025 | +27.9% | -7.7% |
| 2026 | +21.9% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBCP and SYBT good diversifiers for each other?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between HBCP and SYBT?
The HBCP/SYBT correlation stands at 0.83 on a 3-year window (1 year: 0.76, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is SYBT a good diversifier for HBCP?
Not really. At 0.83, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.83 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-sybt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hbcp-vs-sybt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HBCP correlations · SYBT correlations
