HWC vs RNST: Correlation
Measured on weekly returns over the past three years, Hancock Whitney Corporation (HWC) and Renasant Corporation (RNST) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HWC and RNST?
On 3 years of weekly data the HWC/RNST correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 819.1 %².
Within HWC's tracked universe of 34 assets, RNST comes in at #6 by 3-year correlation. The trailing year gives HWC the advantage: +21.6% versus +7.1%, a 14.5-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 RNST: side by side
| HWC (Hancock Whitney Corporation) | RNST (Renasant Corporation) | |
|---|---|---|
| 1-year return | +21.6% | +7.1% |
| 5-year return | +89.0% | +34.8% |
| Volatility (ann.) | 30.7% | 30.4% |
| Beta vs S&P 500 | 1.03 | 0.95 |
| Max drawdown (3Y) | -23.9% | -29.3% |
| Market cap | $6.0B | $3.8B |
| P/E (trailing) | 14.7 | 12.1 |
| Dividend yield | 2.53% | 2.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HWC | RNST |
|---|---|---|
| 2022 | -1.2% | +1.7% |
| 2023 | +3.3% | -7.7% |
| 2024 | +16.1% | +9.1% |
| 2025 | +20.0% | +1.0% |
| 2026 | +19.5% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWC and RNST good diversifiers for each other?
No. With a correlation of 0.88, HWC and RNST move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HWC and RNST?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.83 over the last year and 0.83 over 5 years.
Is RNST a good diversifier for HWC?
No. With a correlation of 0.88, HWC and RNST move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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/hwc-vs-rnst.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hwc-vs-rnst/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HWC correlations · RNST correlations
