HOFT vs SMBK: Correlation
Hooker Furnishings Corporation (HOFT) and SmartFinancial, Inc. (SMBK) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOFT and SMBK?
On 3 years of weekly data the HOFT/SMBK correlation comes out at 0.60, strong. Little has changed lately, as the 1-year reading of 0.54 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 938.2 %².
Few assets follow HOFT as closely as SMBK, which ranks #1 of 12 tracked partners. Neither side won the trailing year by much: +38.9% against +37.6%. One caveat on sizing: HOFT is 1.9 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.
HOFT vs SMBK: side by side
| HOFT (Hooker Furnishings Corporation) | SMBK (SmartFinancial, Inc.) | |
|---|---|---|
| 1-year return | +38.9% | +37.6% |
| 5-year return | -46.3% | +113.7% |
| Volatility (ann.) | 53.9% | 28.9% |
| Beta vs S&P 500 | 1.11 | 0.84 |
| Max drawdown (3Y) | -69.9% | -26.4% |
| Market cap | $0.1B | $0.9B |
| P/E (trailing) | – | 14.9 |
| Dividend yield | 5.02% | 0.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOFT | SMBK |
|---|---|---|
| 2022 | -15.7% | +1.6% |
| 2023 | +45.7% | -9.7% |
| 2024 | -43.3% | +28.1% |
| 2025 | -13.3% | +20.5% |
| 2026 | +21.2% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOFT and SMBK good diversifiers for each other?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HOFT and SMBK?
The HOFT/SMBK correlation stands at 0.60 on a 3-year window (1 year: 0.54, 5 years: 0.51), computed from weekly returns as of 2026-08-27.
Is SMBK a good diversifier for HOFT?
To a limited degree. At 0.60 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.60 mean?
A reading of 0.60 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/hoft-vs-smbk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hoft-vs-smbk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HOFT correlations · SMBK correlations
