FSUN vs HOPE: Correlation
How closely do FirstSun Capital Bancorp (FSUN) and Hope Bancorp, Inc. (HOPE) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FSUN and HOPE?
Across a 3-year window, the weekly returns of FSUN and HOPE correlate at 0.52, moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.52). Stretching to 5 years gives 0.48, with an annualized covariance of 420.0 %².
Few assets follow FSUN as closely as HOPE, which ranks #2 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months HOPE outperformed by 25.1 percentage points (+5.8% for FSUN 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.
FSUN vs HOPE: side by side
| FSUN (FirstSun Capital Bancorp) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +5.8% | +30.9% |
| 5-year return | n/a | +29.9% |
| Volatility (ann.) | 27.4% | 29.7% |
| Beta vs S&P 500 | 0.57 | 0.91 |
| Max drawdown (3Y) | -31.4% | -35.1% |
| Market cap | $1.8B | $1.8B |
| P/E (trailing) | 24.0 | 13.8 |
| Dividend yield | 0.00% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FSUN | HOPE |
|---|---|---|
| 2022 | – | -9.6% |
| 2023 | -6.7% | -0.1% |
| 2024 | +17.8% | +6.8% |
| 2025 | -6.0% | -5.9% |
| 2026 | +6.6% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FSUN and HOPE good diversifiers for each other?
Only partially. A correlation of 0.52 means FSUN 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 FSUN and HOPE?
Using weekly returns as of 2026-08-27: 0.52 over 3 years, with 0.66 over the last year and 0.48 over 5 years.
Is HOPE a good diversifier for FSUN?
Only partially. A correlation of 0.52 means FSUN 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?
On the −1 to +1 scale, 0.52 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/fsun-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fsun-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FSUN correlations · HOPE correlations
