DCOM vs HOPE: Correlation
How closely do Dime Commercial Bancshares, Inc. (DCOM) and Hope Bancorp, Inc. (HOPE) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DCOM and HOPE?
Across a 3-year window, the weekly returns of DCOM and HOPE correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.78 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 829.9 %².
Within DCOM's tracked universe of 15 assets, HOPE comes in at #5 by 3-year correlation. On 12-month performance DCOM holds a 5.2-point edge, +36.1% 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.
DCOM vs HOPE: side by side
| DCOM (Dime Commercial Bancshares, Inc.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +36.1% | +30.9% |
| 5-year return | +46.6% | +29.9% |
| Volatility (ann.) | 33.3% | 29.7% |
| Beta vs S&P 500 | 0.87 | 0.91 |
| Max drawdown (3Y) | -36.0% | -35.1% |
| Market cap | $1.8B | $1.8B |
| P/E (trailing) | 14.6 | 13.8 |
| Dividend yield | 2.48% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DCOM | HOPE |
|---|---|---|
| 2022 | -6.8% | -9.6% |
| 2023 | -11.5% | -0.1% |
| 2024 | +19.0% | +6.8% |
| 2025 | +1.4% | -5.9% |
| 2026 | +37.1% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DCOM and HOPE good diversifiers for each other?
No: a correlation of 0.84 means DCOM and HOPE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between DCOM and HOPE?
The DCOM/HOPE correlation stands at 0.84 on a 3-year window (1 year: 0.78, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is HOPE a good diversifier for DCOM?
No: a correlation of 0.84 means DCOM and HOPE tend to fall together, which is precisely when diversification is supposed to help.
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/dcom-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dcom-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DCOM correlations · HOPE correlations
