EQBK vs HOPE: Correlation
Measured on weekly returns over the past three years, Equity Bancshares, Inc. (EQBK) and Hope Bancorp, Inc. (HOPE) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQBK and HOPE?
Across a 3-year window, the weekly returns of EQBK and HOPE correlate at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.75, with an annualized covariance of 708.6 %².
HOPE is one of the assets that tracks EQBK most closely: it ranks #1 out of the 15 assets we track against EQBK. The trailing year gives HOPE the advantage: +23.7% versus +30.9%, a 7.2-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.
EQBK vs HOPE: side by side
| EQBK (Equity Bancshares, Inc.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +23.7% | +30.9% |
| 5-year return | +67.0% | +29.9% |
| Volatility (ann.) | 28.8% | 29.7% |
| Beta vs S&P 500 | 0.76 | 0.91 |
| Max drawdown (3Y) | -28.3% | -35.1% |
| Market cap | $1.0B | $1.8B |
| P/E (trailing) | 31.5 | 13.8 |
| Dividend yield | 1.45% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQBK | HOPE |
|---|---|---|
| 2022 | -2.6% | -9.6% |
| 2023 | +5.5% | -0.1% |
| 2024 | +26.9% | +6.8% |
| 2025 | +6.9% | -5.9% |
| 2026 | +12.2% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQBK and HOPE good diversifiers for each other?
No: a correlation of 0.83 means EQBK and HOPE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EQBK and HOPE?
As of 2026-08-27, the correlation of weekly returns between EQBK and HOPE is 0.83 over 3 years, 0.79 over 1 year and 0.75 over 5 years.
Is HOPE a good diversifier for EQBK?
No: a correlation of 0.83 means EQBK and HOPE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
A reading of 0.83 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/eqbk-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eqbk-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EQBK correlations · HOPE correlations
