HBT vs PRK: Correlation
HBT Financial, Inc. (HBT) and Park National Corporation (PRK) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBT and PRK?
On 3 years of weekly data the HBT/PRK correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. The 5-year figure is 0.73, and annualized covariance runs at 629.6 %².
By 3-year correlation, PRK places #5 of the 17 assets tracked against HBT. The last year tells two different stories: HBT led by 21.1 percentage points, +38.3% for HBT against +17.2% for PRK.
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.
HBT vs PRK: side by side
| HBT (HBT Financial, Inc.) | PRK (Park National Corporation) | |
|---|---|---|
| 1-year return | +38.3% | +17.2% |
| 5-year return | +160.4% | +98.6% |
| Volatility (ann.) | 26.7% | 28.2% |
| Beta vs S&P 500 | 0.80 | 0.78 |
| Max drawdown (3Y) | -18.7% | -30.4% |
| Market cap | $1.3B | $3.6B |
| P/E (trailing) | 15.2 | 17.7 |
| Dividend yield | 2.47% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBT | PRK |
|---|---|---|
| 2022 | +8.1% | +6.1% |
| 2023 | +11.7% | -2.0% |
| 2024 | +7.7% | +33.0% |
| 2025 | +22.2% | -8.1% |
| 2026 | +41.4% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBT and PRK good diversifiers for each other?
No: a correlation of 0.84 means HBT and PRK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HBT and PRK?
Using weekly returns as of 2026-08-27: 0.84 over 3 years, with 0.86 over the last year and 0.73 over 5 years.
Is PRK a good diversifier for HBT?
No: a correlation of 0.84 means HBT and PRK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 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/hbt-vs-prk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hbt-vs-prk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HBT correlations · PRK correlations
