BBT vs HOPE: Correlation
Measured on weekly returns over the past three years, Beacon Financial Corporation (BBT) and Hope Bancorp, Inc. (HOPE) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBT and HOPE?
On 3 years of weekly data the BBT/HOPE correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.73) than the 3-year average (0.84). The 5-year figure is 0.79, and annualized covariance runs at 729.8 %².
Few assets follow BBT as closely as HOPE, which ranks #3 of 14 tracked partners. Over the last 12 months HOPE came out ahead by 6.5 percentage points (+24.4% against +30.9%).
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.
BBT vs HOPE: side by side
| BBT (Beacon Financial Corporation) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +24.4% | +30.9% |
| 5-year return | +46.9% | +29.9% |
| Volatility (ann.) | 29.2% | 29.7% |
| Beta vs S&P 500 | 0.73 | 0.91 |
| Max drawdown (3Y) | -26.4% | -35.1% |
| Market cap | $2.6B | $1.8B |
| P/E (trailing) | 10.3 | 13.8 |
| Dividend yield | 4.07% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BBT | HOPE |
|---|---|---|
| 2022 | +7.2% | -9.6% |
| 2023 | -14.3% | -0.1% |
| 2024 | +17.9% | +6.8% |
| 2025 | -4.2% | -5.9% |
| 2026 | +23.5% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBT and HOPE good diversifiers for each other?
No. With a correlation of 0.84, BBT and HOPE move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BBT and HOPE?
The BBT/HOPE correlation stands at 0.84 on a 3-year window (1 year: 0.73, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is HOPE a good diversifier for BBT?
No. With a correlation of 0.84, BBT and HOPE move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.84 mean?
A reading of 0.84 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bbt-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bbt-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBT correlations · HOPE correlations
