ENVA vs HOPE: Correlation
Measured on weekly returns over the past three years, Enova International, Inc. (ENVA) 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 ENVA and HOPE?
On 3 years of weekly data the ENVA/HOPE correlation comes out at 0.71, strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.71). The 5-year figure is 0.62, and annualized covariance runs at 855.5 %².
HOPE is one of the assets that tracks ENVA most closely: it ranks #2 out of the 16 assets we track against ENVA. The last year tells two different stories: ENVA led by 67.2 percentage points, +98.1% for ENVA 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.
ENVA vs HOPE: side by side
| ENVA (Enova International, Inc.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +98.1% | +30.9% |
| 5-year return | +622.4% | +29.9% |
| Volatility (ann.) | 40.6% | 29.7% |
| Beta vs S&P 500 | 1.27 | 0.91 |
| Max drawdown (3Y) | -30.0% | -35.1% |
| Market cap | $5.9B | $1.8B |
| P/E (trailing) | 17.6 | 13.8 |
| Dividend yield | 0.00% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVA | HOPE |
|---|---|---|
| 2022 | -6.3% | -9.6% |
| 2023 | +44.3% | -0.1% |
| 2024 | +73.2% | +6.8% |
| 2025 | +64.0% | -5.9% |
| 2026 | +51.0% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVA and HOPE good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ENVA and HOPE?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.59 over the last year and 0.62 over 5 years.
Is HOPE a good diversifier for ENVA?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 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/enva-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enva-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENVA correlations · HOPE correlations
