GBCI vs HOPE: Correlation
How closely do Glacier Bancorp, Inc. (GBCI) and Hope Bancorp, Inc. (HOPE) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GBCI and HOPE?
Over the past 3 years, GBCI and HOPE moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 824.2 %².
Among the 15 assets we track against GBCI, HOPE ranks #4 by 3-year correlation. The last year tells two different stories: HOPE led by 30.8 percentage points, +0.1% for GBCI 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.
GBCI vs HOPE: side by side
| GBCI (Glacier Bancorp, Inc.) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +0.1% | +30.9% |
| 5-year return | +4.0% | +29.9% |
| Volatility (ann.) | 32.6% | 29.7% |
| Beta vs S&P 500 | 0.87 | 0.91 |
| Max drawdown (3Y) | -34.8% | -35.1% |
| Market cap | $6.2B | $1.8B |
| P/E (trailing) | 19.4 | 13.8 |
| Dividend yield | 2.80% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GBCI | HOPE |
|---|---|---|
| 2022 | -10.4% | -9.6% |
| 2023 | -13.0% | -0.1% |
| 2024 | +25.4% | +6.8% |
| 2025 | -9.6% | -5.9% |
| 2026 | +8.8% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GBCI and HOPE good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between GBCI and HOPE?
As of 2026-08-27, the correlation of weekly returns between GBCI and HOPE is 0.85 over 3 years, 0.83 over 1 year and 0.78 over 5 years.
Is HOPE a good diversifier for GBCI?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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/gbci-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gbci-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GBCI correlations · HOPE correlations
