HWC vs WTFC: Correlation
Measured on weekly returns over the past three years, Hancock Whitney Corporation (HWC) and Wintrust Financial Corporation (WTFC) 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 WTFC?
Over the past 3 years, HWC and WTFC moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Over 5 years the correlation is 0.86, and the annualized covariance of weekly returns is 743.1 %².
Among the 34 assets we track against HWC, WTFC ranks #8 by 3-year correlation. The trailing year gives HWC the advantage: +21.6% versus +12.7%, a 8.9-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 WTFC: side by side
| HWC (Hancock Whitney Corporation) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +21.6% | +12.7% |
| 5-year return | +89.0% | +127.7% |
| Volatility (ann.) | 30.7% | 27.6% |
| Beta vs S&P 500 | 1.03 | 1.06 |
| Max drawdown (3Y) | -23.9% | -31.0% |
| Market cap | $6.0B | $10.3B |
| P/E (trailing) | 14.7 | 12.3 |
| Dividend yield | 2.53% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HWC | WTFC |
|---|---|---|
| 2022 | -1.2% | -5.5% |
| 2023 | +3.3% | +12.0% |
| 2024 | +16.1% | +36.8% |
| 2025 | +20.0% | +13.9% |
| 2026 | +19.5% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HWC and WTFC good diversifiers for each other?
No: a correlation of 0.88 means HWC and WTFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HWC and WTFC?
As of 2026-08-27, the correlation of weekly returns between HWC and WTFC is 0.88 over 3 years, 0.86 over 1 year and 0.86 over 5 years.
Is WTFC a good diversifier for HWC?
No: a correlation of 0.88 means HWC and WTFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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: HWC correlations · WTFC correlations
