GIBO vs HOPE: Correlation
Measured on weekly returns over the past three years, GIBO Holdings Limited - Class A (GIBO) and Hope Bancorp, Inc. (HOPE) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GIBO and HOPE?
Across a 3-year window, the weekly returns of GIBO and HOPE correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.00) runs above the 3-year figure (-0.20). Stretching to 5 years gives n/a, with an annualized covariance of -694.0 %².
Within GIBO's tracked universe of 33 assets, HOPE comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HOPE outperformed by 93.3 percentage points (-62.4% for GIBO against +30.9% for HOPE). Risk is not evenly split, since GIBO carries 3.9 times the volatility of the other side.
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.
GIBO vs HOPE: side by side
| GIBO (GIBO Holdings Limited - Class A) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -62.4% | +30.9% |
| 5-year return | n/a | +29.9% |
| Volatility (ann.) | 116.5% | 29.7% |
| Beta vs S&P 500 | -0.40 | 0.91 |
| Max drawdown (3Y) | -100.0% | -35.1% |
| Market cap | $0.1B | $1.8B |
| P/E (trailing) | – | 13.8 |
| Dividend yield | 0.00% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GIBO | HOPE |
|---|---|---|
| 2022 | – | -9.6% |
| 2023 | – | -0.1% |
| 2024 | +7.8% | +6.8% |
| 2025 | -99.9% | -5.9% |
| 2026 | -38.3% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GIBO and HOPE good diversifiers for each other?
Yes. With a correlation of -0.20, GIBO and HOPE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between GIBO and HOPE?
As of 2026-08-27, the correlation of weekly returns between GIBO and HOPE is -0.20 over 3 years, 0.00 over 1 year and n/a over 5 years.
Is HOPE a good diversifier for GIBO?
Yes. With a correlation of -0.20, GIBO and HOPE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 mean?
A reading of -0.20 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/gibo-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gibo-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GIBO correlations · HOPE correlations
