HWC vs LIND: Correlation
Measured on weekly returns over the past three years, Hancock Whitney Corporation (HWC) and Lindblad Expeditions Holdings Inc. (LIND) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWC and LIND?
On 3 years of weekly data the HWC/LIND correlation comes out at 0.63, strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.63 over 3. The 5-year figure is 0.54, and annualized covariance runs at 1304.5 %².
Among the 34 assets we track against HWC, LIND ranks #25 by 3-year correlation. The last year tells two different stories: LIND led by 78.8 percentage points, +21.6% for HWC against +100.4% for LIND. Risk is not evenly split, since LIND carries 2.2 times the volatility of the other side.
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.
HWC vs LIND: side by side
| HWC (Hancock Whitney Corporation) | LIND (Lindblad Expeditions Holdings Inc.) | |
|---|---|---|
| 1-year return | +21.6% | +100.4% |
| 5-year return | +89.0% | +102.2% |
| Volatility (ann.) | 30.7% | 67.7% |
| Beta vs S&P 500 | 1.03 | 1.97 |
| Max drawdown (3Y) | -23.9% | -43.8% |
| Market cap | $6.0B | $2.0B |
| P/E (trailing) | 14.7 | – |
| Dividend yield | 2.53% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HWC | LIND |
|---|---|---|
| 2022 | -1.2% | -50.6% |
| 2023 | +3.3% | +46.4% |
| 2024 | +16.1% | +5.2% |
| 2025 | +20.0% | +21.6% |
| 2026 | +19.5% | +108.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWC and LIND good diversifiers for each other?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HWC and LIND?
Using weekly returns as of 2026-08-27: 0.63 over 3 years, with 0.60 over the last year and 0.54 over 5 years.
Is LIND a good diversifier for HWC?
Somewhat, no more. With 0.63 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.63 mean?
A reading of 0.63 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HWC correlations · LIND correlations
