BCBP vs HOPE: Correlation
BCB Bancorp, Inc. (NJ) (BCBP) and Hope Bancorp, Inc. (HOPE) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCBP and HOPE?
Across a 3-year window, the weekly returns of BCBP and HOPE correlate at 0.70, strong. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.70 over 3 years. Stretching to 5 years gives 0.64, with an annualized covariance of 696.0 %².
HOPE is one of the assets that tracks BCBP most closely: it ranks #2 out of the 10 assets we track against BCBP. Correlation aside, the last 12 months split them widely, with HOPE ahead by 31.5 points (-0.6% versus +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.
BCBP vs HOPE: side by side
| BCBP (BCB Bancorp, Inc. (NJ)) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -0.6% | +30.9% |
| 5-year return | -25.8% | +29.9% |
| Volatility (ann.) | 33.3% | 29.7% |
| Beta vs S&P 500 | 0.59 | 0.91 |
| Max drawdown (3Y) | -41.2% | -35.1% |
| Market cap | $0.2B | $1.8B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 3.70% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCBP | HOPE |
|---|---|---|
| 2022 | +20.7% | -9.6% |
| 2023 | -24.8% | -0.1% |
| 2024 | -2.5% | +6.8% |
| 2025 | -26.6% | -5.9% |
| 2026 | +9.6% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCBP and HOPE good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCBP and HOPE?
The BCBP/HOPE correlation stands at 0.70 on a 3-year window (1 year: 0.41, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is HOPE a good diversifier for BCBP?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 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/bcbp-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcbp-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BCBP correlations · HOPE correlations
