PCB vs. HBNC
PCB (PCB Bancorp) and HBNC (Horizon Bancorp, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, PCB returned 12.37%/yr vs 9.65%/yr for HBNC. At a 0.44 correlation, their price movements are largely independent.
Performance
PCB vs. HBNC - Performance Comparison
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Returns By Period
In the year-to-date period, PCB achieves a 25.53% return, which is significantly higher than HBNC's 16.65% return. Over the past 10 years, PCB has outperformed HBNC with an annualized return of 12.37%, while HBNC has yielded a comparatively lower 9.65% annualized return.
PCB
- 1D
- -0.45%
- 1M
- 8.72%
- YTD
- 25.53%
- 6M
- 20.41%
- 1Y
- 40.18%
- 3Y*
- 24.48%
- 5Y*
- 15.71%
- 10Y*
- 12.37%
HBNC
- 1D
- 0.36%
- 1M
- 5.83%
- YTD
- 16.65%
- 6M
- 11.02%
- 1Y
- 38.24%
- 3Y*
- 28.78%
- 5Y*
- 6.57%
- 10Y*
- 9.65%
PCB vs. HBNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PCB PCB Bancorp | 25.53% | 11.21% | 14.55% | 8.85% | -17.05% | 122.72% | -39.25% | 12.06% | 1.69% | 20.28% |
HBNC Horizon Bancorp, Inc. | 16.65% | 9.76% | 18.19% | 0.43% | -25.26% | 35.43% | -12.86% | 23.69% | -13.14% | 1.06% |
Correlation
The correlation between PCB and HBNC is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2014 | 0.44 |
Over the past year, PCB and HBNC have become more correlated (0.77) than their long-term average of 0.44, meaning their price movements have been converging.
Fundamentals
PCB:
$379.88M
HBNC:
$994.63M
PCB:
$2.82
HBNC:
-$3.06
PCB:
1.16
HBNC:
0.53
PCB:
$208.73M
HBNC:
-$1.82M
PCB:
$86.42M
HBNC:
-$97.09M
PCB:
$43.83M
HBNC:
-$218.68M
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Return for Risk
PCB vs. HBNC — Risk / Return Rank
PCB
HBNC
PCB vs. HBNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PCB Bancorp (PCB) and Horizon Bancorp, Inc. (HBNC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PCB | HBNC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.54 | 2.31 | +1.24 |
| Martin ratioReturn relative to average drawdown | 7.98 | 6.69 | +1.29 |
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Drawdowns
PCB vs. HBNC - Drawdown Comparison
The maximum PCB drawdown since its inception was -60.93%, smaller than the maximum HBNC drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for PCB and HBNC.
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Drawdown Indicators
| PCB | HBNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.93% | -65.21% | +4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -11.39% | -16.65% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -22.84% | -29.61% | +6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -46.49% | -65.21% | +18.72% |
Max Drawdown (10Y)Largest decline over 10 years | -60.93% | -65.21% | +4.28% |
Current DrawdownCurrent decline from peak | -0.45% | -1.72% | +1.27% |
Average DrawdownAverage peak-to-trough decline | -18.35% | -17.12% | -1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 5.73% | -0.68% |
Volatility
PCB vs. HBNC - Volatility Comparison
PCB Bancorp (PCB) and Horizon Bancorp, Inc. (HBNC) have volatilities of 6.58% and 6.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCB | HBNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 6.54% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 17.75% | 18.59% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.01% | 27.71% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.82% | 35.71% | -5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.43% | 36.89% | -3.46% |
Dividends
PCB vs. HBNC - Dividend Comparison
PCB's dividend yield for the trailing twelve months is around 3.15%, less than HBNC's 3.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBNC Horizon Bancorp, Inc. | 3.30% | 3.77% | 3.97% | 4.47% | 4.11% | 2.54% | 3.03% | 2.32% | 2.45% | 1.73% | 1.43% | 1.54% |
PCB PCB Bancorp | 3.15% | 3.70% | 3.56% | 3.74% | 3.39% | 2.00% | 3.96% | 1.45% | 0.77% | 0.77% | 0.92% | 0.70% |
Financials
PCB vs. HBNC - Financials Comparison
This section allows you to compare key financial metrics between PCB Bancorp and Horizon Bancorp, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
PCB and HBNC have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PCB has higher volatility (6.58%) compared to HBNC (6.54%). In terms of maximum drawdown, PCB dropped -60.93% vs HBNC's -65.21%.
PCB currently has the higher Sharpe Ratio (1.55 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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