CVBF vs HOPE: Correlation
Measured on weekly returns over the past three years, CVB Financial Corporation (CVBF) and Hope Bancorp, Inc. (HOPE) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVBF and HOPE?
Across a 3-year window, the weekly returns of CVBF and HOPE correlate at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.81) sits close to the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 769.9 %².
Few assets follow CVBF as closely as HOPE, which ranks #3 of 16 tracked partners. The last year tells two different stories: HOPE led by 17.3 percentage points, +13.6% for CVBF against +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.
CVBF vs HOPE: side by side
| CVBF (CVB Financial Corporation) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +13.6% | +30.9% |
| 5-year return | +34.8% | +29.9% |
| Volatility (ann.) | 29.8% | 29.7% |
| Beta vs S&P 500 | 0.82 | 0.91 |
| Max drawdown (3Y) | -30.2% | -35.1% |
| Market cap | $3.9B | $1.8B |
| P/E (trailing) | 15.5 | 13.8 |
| Dividend yield | 3.57% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVBF | HOPE |
|---|---|---|
| 2022 | +24.0% | -9.6% |
| 2023 | -18.5% | -0.1% |
| 2024 | +11.9% | +6.8% |
| 2025 | -9.4% | -5.9% |
| 2026 | +22.2% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVBF and HOPE good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CVBF and HOPE?
As of 2026-08-27, the correlation of weekly returns between CVBF and HOPE is 0.87 over 3 years, 0.81 over 1 year and 0.84 over 5 years.
Is HOPE a good diversifier for CVBF?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
A reading of 0.87 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/cvbf-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cvbf-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CVBF correlations · HOPE correlations
