FRST vs HOPE: Correlation
Primis Financial Corp. (FRST) and Hope Bancorp, Inc. (HOPE) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FRST and HOPE?
On 3 years of weekly data the FRST/HOPE correlation comes out at 0.78, strong. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 768.5 %².
HOPE is one of the assets that tracks FRST most closely: it ranks #3 out of the 11 assets we track against FRST. Correlation aside, the last 12 months split them widely, with FRST ahead by 15.3 points (+46.2% versus +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.
FRST vs HOPE: side by side
| FRST (Primis Financial Corp.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +46.2% | +30.9% |
| 5-year return | +26.9% | +29.9% |
| Volatility (ann.) | 33.3% | 29.7% |
| Beta vs S&P 500 | 0.88 | 0.91 |
| Max drawdown (3Y) | -39.3% | -35.1% |
| Market cap | $0.4B | $1.8B |
| P/E (trailing) | 7.4 | 13.8 |
| Dividend yield | 2.48% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FRST | HOPE |
|---|---|---|
| 2022 | -18.8% | -9.6% |
| 2023 | +11.5% | -0.1% |
| 2024 | -4.7% | +6.8% |
| 2025 | +23.9% | -5.9% |
| 2026 | +16.9% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FRST and HOPE good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FRST and HOPE?
As of 2026-08-27, the correlation of weekly returns between FRST and HOPE is 0.78 over 3 years, 0.77 over 1 year and 0.72 over 5 years.
Is HOPE a good diversifier for FRST?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 mean?
On the −1 to +1 scale, 0.78 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/frst-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/frst-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FRST correlations · HOPE correlations
