HFBL vs UFI: Correlation
How closely do Home Federal Bancorp, Inc. of Louisiana (HFBL) and Unifi, Inc. New (UFI) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HFBL and UFI?
Over the past 3 years, HFBL and UFI moved with a correlation of 0.39, which is moderate. The past 12 months show a tighter link (0.53) than the 3-year average (0.39). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 565.2 %².
In HFBL's tracked universe of 12 assets, UFI sits right near the top at #1. The last year tells two different stories: HFBL led by 32.3 percentage points, +102.0% for HFBL against +69.7% for UFI. Note the risk asymmetry: UFI runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HFBL vs UFI: side by side
| HFBL (Home Federal Bancorp, Inc. of Louisiana) | UFI (Unifi, Inc. New) | |
|---|---|---|
| 1-year return | +102.0% | +69.7% |
| 5-year return | +67.8% | -65.5% |
| Volatility (ann.) | 30.5% | 47.6% |
| Beta vs S&P 500 | 0.12 | 0.44 |
| Max drawdown (3Y) | -28.6% | -61.5% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | 12.6 | – |
| Dividend yield | 2.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HFBL | UFI |
|---|---|---|
| 2022 | -14.2% | -62.8% |
| 2023 | -13.5% | -22.6% |
| 2024 | -8.9% | -6.2% |
| 2025 | +49.2% | -44.0% |
| 2026 | +44.7% | +115.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HFBL and UFI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HFBL and UFI?
The HFBL/UFI correlation stands at 0.39 on a 3-year window (1 year: 0.53, 5 years: 0.27), computed from weekly returns as of 2026-08-27.
Is UFI a good diversifier for HFBL?
Yes, to a useful degree: a correlation of 0.39 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.39 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/hfbl-vs-ufi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hfbl-vs-ufi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HFBL correlations · UFI correlations
