FULT vs HOPE: Correlation
How closely do Fulton Financial Corporation (FULT) and Hope Bancorp, Inc. (HOPE) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and HOPE?
On 3 years of weekly data the FULT/HOPE correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. The 5-year figure is 0.85, and annualized covariance runs at 793.9 %².
By 3-year correlation, HOPE places #13 of the 45 assets tracked against FULT. The trailing year gives HOPE the advantage: +24.1% versus +30.9%, a 6.8-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.
FULT vs HOPE: side by side
| FULT (Fulton Financial Corporation) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +30.9% |
| 5-year return | +85.0% | +29.9% |
| Volatility (ann.) | 30.3% | 29.7% |
| Beta vs S&P 500 | 1.03 | 0.91 |
| Max drawdown (3Y) | -29.9% | -35.1% |
| Market cap | $4.5B | $1.8B |
| P/E (trailing) | 11.4 | 13.8 |
| Dividend yield | 3.15% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | HOPE |
|---|---|---|
| 2022 | +3.1% | -9.6% |
| 2023 | +2.5% | -0.1% |
| 2024 | +21.9% | +6.8% |
| 2025 | +4.3% | -5.9% |
| 2026 | +25.0% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and HOPE good diversifiers for each other?
No: a correlation of 0.88 means FULT and HOPE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FULT and HOPE?
As of 2026-08-27, the correlation of weekly returns between FULT and HOPE is 0.88 over 3 years, 0.88 over 1 year and 0.85 over 5 years.
Is HOPE a good diversifier for FULT?
No: a correlation of 0.88 means FULT and HOPE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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/fult-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fult-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FULT correlations · HOPE correlations
