HIFS vs QCRH: Correlation
How closely do Hingham Institution for Savings (HIFS) and QCR Holdings, Inc. (QCRH) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HIFS and QCRH?
Over the past 3 years, HIFS and QCRH moved with a correlation of 0.70, which is strong. The relationship has been stable: the 1-year correlation (0.68) sits close to the 3-year figure. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 825.7 %².
QCRH is one of the assets that tracks HIFS most closely: it ranks #2 out of the 10 assets we track against HIFS. Their recent paths diverged sharply: over the last 12 months QCRH outperformed by 24.4 percentage points (+2.6% for HIFS against +27.0% for QCRH).
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.
HIFS vs QCRH: side by side
| HIFS (Hingham Institution for Savings) | QCRH (QCR Holdings, Inc.) | |
|---|---|---|
| 1-year return | +2.6% | +27.0% |
| 5-year return | -2.0% | +100.9% |
| Volatility (ann.) | 40.5% | 29.0% |
| Beta vs S&P 500 | 1.05 | 0.80 |
| Max drawdown (3Y) | -27.8% | -32.1% |
| Market cap | $0.7B | $1.7B |
| P/E (trailing) | 10.0 | 11.9 |
| Dividend yield | 0.84% | 0.32% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HIFS | QCRH |
|---|---|---|
| 2022 | -33.6% | -11.0% |
| 2023 | -28.6% | +18.2% |
| 2024 | +31.9% | +38.6% |
| 2025 | +12.8% | +3.6% |
| 2026 | +6.0% | +21.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HIFS and QCRH good diversifiers for each other?
Only partially. A correlation of 0.70 means HIFS and QCRH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between HIFS and QCRH?
The HIFS/QCRH correlation stands at 0.70 on a 3-year window (1 year: 0.68, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is QCRH a good diversifier for HIFS?
Only partially. A correlation of 0.70 means HIFS and QCRH share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hifs-vs-qcrh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hifs-vs-qcrh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HIFS correlations · QCRH correlations
