HWC vs RF: Correlation
Hancock Whitney Corporation (HWC) and Regions Financial Corporation (RF) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWC and RF?
On 3 years of weekly data the HWC/RF correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 777.3 %².
By 3-year correlation, RF places #12 of the 34 assets tracked against HWC. The trailing year gives HWC the advantage: +21.6% versus +15.4%, a 6.2-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.
HWC vs RF: side by side
| HWC (Hancock Whitney Corporation) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +21.6% | +15.4% |
| 5-year return | +89.0% | +83.5% |
| Volatility (ann.) | 30.7% | 29.2% |
| Beta vs S&P 500 | 1.03 | 1.09 |
| Max drawdown (3Y) | -23.9% | -31.9% |
| Market cap | $6.0B | $25.9B |
| P/E (trailing) | 14.7 | 12.4 |
| Dividend yield | 2.53% | 3.45% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HWC | RF |
|---|---|---|
| 2022 | -1.2% | +2.3% |
| 2023 | +3.3% | -5.7% |
| 2024 | +16.1% | +27.0% |
| 2025 | +20.0% | +20.2% |
| 2026 | +19.5% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWC and RF good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between HWC and RF?
The HWC/RF correlation stands at 0.87 on a 3-year window (1 year: 0.84, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is RF a good diversifier for HWC?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hwc-vs-rf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hwc-vs-rf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HWC correlations · RF correlations
