EGBN vs HOPE: Correlation
Measured on weekly returns over the past three years, Eagle Bancorp, Inc. (EGBN) and Hope Bancorp, Inc. (HOPE) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGBN and HOPE?
Across a 3-year window, the weekly returns of EGBN and HOPE correlate at 0.71, strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.71). Stretching to 5 years gives 0.73, with an annualized covariance of 918.3 %².
Among the 10 assets we track against EGBN, HOPE ranks #4 by 3-year correlation. The trailing year gives EGBN the advantage: +42.5% versus +30.9%, a 11.6-point spread.
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.
EGBN vs HOPE: side by side
| EGBN (Eagle Bancorp, Inc.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +42.5% | +30.9% |
| 5-year return | -41.4% | +29.9% |
| Volatility (ann.) | 43.4% | 29.7% |
| Beta vs S&P 500 | 0.65 | 0.91 |
| Max drawdown (3Y) | -46.0% | -35.1% |
| Market cap | $0.8B | $1.8B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.14% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGBN | HOPE |
|---|---|---|
| 2022 | -21.9% | -9.6% |
| 2023 | -27.0% | -0.1% |
| 2024 | -7.9% | +6.8% |
| 2025 | -15.6% | -5.9% |
| 2026 | +29.1% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGBN and HOPE good diversifiers for each other?
Only partially. A correlation of 0.71 means EGBN 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 EGBN and HOPE?
As of 2026-08-27, the correlation of weekly returns between EGBN and HOPE is 0.71 over 3 years, 0.49 over 1 year and 0.73 over 5 years.
Is HOPE a good diversifier for EGBN?
Only partially. A correlation of 0.71 means EGBN 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 0.71 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/egbn-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/egbn-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EGBN correlations · HOPE correlations
