HTB vs RGP: Correlation
How closely do HomeTrust Bancshares, Inc. (HTB) and Resources Connection, Inc. (RGP) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HTB and RGP?
Across a 3-year window, the weekly returns of HTB and RGP correlate at 0.53, moderate. The past 12 months show a weaker link (0.32) than the 3-year average (0.53). Stretching to 5 years gives 0.45, with an annualized covariance of 552.0 %².
Within HTB's tracked universe of 17 assets, RGP comes in at #9 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HTB outperformed by 23.5 percentage points (+13.4% for HTB against -10.1% for RGP).
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 RGP: side by side
| HTB (HomeTrust Bancshares, Inc.) | RGP (Resources Connection, Inc.) | |
|---|---|---|
| 1-year return | +13.4% | -10.1% |
| 5-year return | +81.4% | -66.0% |
| Volatility (ann.) | 27.3% | 38.4% |
| Beta vs S&P 500 | 0.86 | 1.20 |
| Max drawdown (3Y) | -17.7% | -74.7% |
| Market cap | $0.8B | $0.1B |
| P/E (trailing) | 12.3 | – |
| Dividend yield | 1.13% | 6.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HTB | RGP |
|---|---|---|
| 2022 | -20.9% | +6.3% |
| 2023 | +13.4% | -20.1% |
| 2024 | +27.0% | -36.5% |
| 2025 | +29.1% | -37.3% |
| 2026 | +9.3% | -12.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HTB and RGP good diversifiers for each other?
To a limited degree. At 0.53 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 HTB and RGP?
As of 2026-08-27, the correlation of weekly returns between HTB and RGP is 0.53 over 3 years, 0.32 over 1 year and 0.45 over 5 years.
Is RGP a good diversifier for HTB?
To a limited degree. At 0.53 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 0.53 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.
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Related comparisons
Hubs: HTB correlations · RGP correlations
