HBT vs SRBK: Correlation
HBT Financial, Inc. (HBT) and SR Bancorp, Inc. (SRBK) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBT and SRBK?
Across a 3-year window, the weekly returns of HBT and SRBK correlate at 0.49, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.75 versus 0.49 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of 226.3 %².
By 3-year correlation, SRBK places #10 of the 17 assets tracked against HBT. On 12-month performance HBT holds a 8.0-point edge, +38.3% against +30.3%. One caveat on sizing: HBT is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 SRBK: side by side
| HBT (HBT Financial, Inc.) | SRBK (SR Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +38.3% | +30.3% |
| 5-year return | +160.4% | n/a |
| Volatility (ann.) | 26.7% | 17.4% |
| Beta vs S&P 500 | 0.80 | 0.36 |
| Max drawdown (3Y) | -18.7% | -13.5% |
| Market cap | $1.3B | $0.1B |
| P/E (trailing) | 15.2 | 44.3 |
| Dividend yield | 2.47% | 1.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HBT | SRBK |
|---|---|---|
| 2022 | +8.1% | – |
| 2023 | +11.7% | – |
| 2024 | +7.7% | +24.6% |
| 2025 | +22.2% | +34.1% |
| 2026 | +41.4% | +24.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBT and SRBK good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HBT and SRBK?
The HBT/SRBK correlation stands at 0.49 on a 3-year window (1 year: 0.75, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is SRBK a good diversifier for HBT?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
A reading of 0.49 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/hbt-vs-srbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hbt-vs-srbk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HBT correlations · SRBK correlations
