HAFC vs HOPE: Correlation
Measured on weekly returns over the past three years, Hanmi Financial Corporation (HAFC) and Hope Bancorp, Inc. (HOPE) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HAFC and HOPE?
On 3 years of weekly data the HAFC/HOPE correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The link has loosened recently: the 1-year correlation (0.67) runs below the 3-year figure (0.82). The 5-year figure is 0.83, and annualized covariance runs at 790.7 %².
By 3-year correlation, HOPE places #5 of the 13 assets tracked against HAFC. Twelve-month performance is nearly a tie, at +27.3% for HAFC and +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.
HAFC vs HOPE: side by side
| HAFC (Hanmi Financial Corporation) | HOPE (Hope Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +27.3% | +30.9% |
| 5-year return | +104.5% | +29.9% |
| Volatility (ann.) | 32.5% | 29.7% |
| Beta vs S&P 500 | 0.90 | 0.91 |
| Max drawdown (3Y) | -26.9% | -35.1% |
| Market cap | $0.9B | $1.8B |
| P/E (trailing) | 10.5 | 13.8 |
| Dividend yield | 3.54% | 4.02% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HAFC | HOPE |
|---|---|---|
| 2022 | +8.5% | -9.6% |
| 2023 | -17.0% | -0.1% |
| 2024 | +28.7% | +6.8% |
| 2025 | +19.7% | -5.9% |
| 2026 | +18.5% | +31.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HAFC and HOPE good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between HAFC and HOPE?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.67 over the last year and 0.83 over 5 years.
Is HOPE a good diversifier for HAFC?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 mean?
A reading of 0.82 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/hafc-vs-hope.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hafc-vs-hope/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HAFC correlations · HOPE correlations
