BY vs HOPE: Correlation
Measured on weekly returns over the past three years, Byline Bancorp, Inc. (BY) and Hope Bancorp, Inc. (HOPE) 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 BY and HOPE?
On 3 years of weekly data the BY/HOPE correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.85) sits close to the 3-year figure. The 5-year figure is 0.82, and annualized covariance runs at 698.9 %².
Among the 70 assets we track against BY, HOPE ranks #10 by 3-year correlation. Twelve-month performance is nearly a tie, at +32.5% for BY and +30.9% for HOPE.
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.
BY vs HOPE: side by side
| BY (Byline Bancorp, Inc.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +32.5% | +30.9% |
| 5-year return | +66.2% | +29.9% |
| Volatility (ann.) | 26.8% | 29.7% |
| Beta vs S&P 500 | 0.80 | 0.91 |
| Max drawdown (3Y) | -27.2% | -35.1% |
| Market cap | $1.7B | $1.8B |
| P/E (trailing) | 11.5 | 13.8 |
| Dividend yield | 1.15% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BY | HOPE |
|---|---|---|
| 2022 | -14.7% | -9.6% |
| 2023 | +4.3% | -0.1% |
| 2024 | +25.0% | +6.8% |
| 2025 | +2.0% | -5.9% |
| 2026 | +32.7% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BY and HOPE good diversifiers for each other?
No: a correlation of 0.88 means BY and HOPE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BY and HOPE?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.85 over the last year and 0.82 over 5 years.
Is HOPE a good diversifier for BY?
No: a correlation of 0.88 means BY and HOPE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
A reading of 0.88 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/by-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/by-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BY correlations · HOPE correlations
