ECPG vs HOPE: Correlation
Encore Capital Group Inc (ECPG) and Hope Bancorp, Inc. (HOPE) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECPG and HOPE?
Across a 3-year window, the weekly returns of ECPG and HOPE correlate at 0.52, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.17 versus 0.52 over 3 years. Stretching to 5 years gives 0.49, with an annualized covariance of 548.5 %².
Few assets follow ECPG as closely as HOPE, which ranks #3 of 16 tracked partners. The last year tells two different stories: ECPG led by 113.4 percentage points, +144.3% for ECPG 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.
ECPG vs HOPE: side by side
| ECPG (Encore Capital Group Inc) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +144.3% | +30.9% |
| 5-year return | +114.1% | +29.9% |
| Volatility (ann.) | 35.6% | 29.7% |
| Beta vs S&P 500 | 0.85 | 0.91 |
| Max drawdown (3Y) | -49.2% | -35.1% |
| Market cap | $2.2B | $1.8B |
| P/E (trailing) | 7.7 | 13.8 |
| Dividend yield | 0.00% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECPG | HOPE |
|---|---|---|
| 2022 | -22.8% | -9.6% |
| 2023 | +5.9% | -0.1% |
| 2024 | -5.9% | +6.8% |
| 2025 | +13.8% | -5.9% |
| 2026 | +87.6% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECPG and HOPE good diversifiers for each other?
Only partially. A correlation of 0.52 means ECPG and HOPE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ECPG and HOPE?
As of 2026-08-27, the correlation of weekly returns between ECPG and HOPE is 0.52 over 3 years, 0.17 over 1 year and 0.49 over 5 years.
Is HOPE a good diversifier for ECPG?
Only partially. A correlation of 0.52 means ECPG and HOPE share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 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/ecpg-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecpg-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECPG correlations · HOPE correlations
