HTB vs OVLY: Correlation
HomeTrust Bancshares, Inc. (HTB) and Oak Valley Bancorp (CA) (OVLY) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTB and OVLY?
Over the past 3 years, HTB and OVLY moved with a correlation of 0.64, which is strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 460.7 %².
Among the 17 assets we track against HTB, OVLY ranks #8 by 3-year correlation. The trailing year gives OVLY the advantage: +13.4% versus +22.2%, a 8.8-point spread.
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.
HTB vs OVLY: side by side
| HTB (HomeTrust Bancshares, Inc.) | OVLY (Oak Valley Bancorp (CA)) | |
|---|---|---|
| 1-year return | +13.4% | +22.2% |
| 5-year return | +81.4% | +111.8% |
| Volatility (ann.) | 27.3% | 26.5% |
| Beta vs S&P 500 | 0.86 | 0.56 |
| Max drawdown (3Y) | -17.7% | -26.3% |
| Market cap | $0.8B | $0.3B |
| P/E (trailing) | 12.3 | 11.9 |
| Dividend yield | 1.13% | 2.22% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTB | OVLY |
|---|---|---|
| 2022 | -20.9% | +32.4% |
| 2023 | +13.4% | +33.9% |
| 2024 | +27.0% | -0.7% |
| 2025 | +29.1% | +5.1% |
| 2026 | +9.3% | +15.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTB and OVLY good diversifiers for each other?
Only partially. A correlation of 0.64 means HTB and OVLY 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 HTB and OVLY?
The HTB/OVLY correlation stands at 0.64 on a 3-year window (1 year: 0.61, 5 years: 0.55), computed from weekly returns as of 2026-08-27.
Is OVLY a good diversifier for HTB?
Only partially. A correlation of 0.64 means HTB and OVLY share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.64 mean?
On the −1 to +1 scale, 0.64 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/htb-vs-ovly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/htb-vs-ovly/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HTB correlations · OVLY correlations
