HOPE vs INBK: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and First Internet Bancorp (INBK) carry a correlation of 0.70, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and INBK?
Across a 3-year window, the weekly returns of HOPE and INBK correlate at 0.70, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.70). Stretching to 5 years gives 0.70, with an annualized covariance of 903.1 %².
Within HOPE's tracked universe of 47 assets, INBK comes in at #33 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HOPE outperformed by 21.4 percentage points (+30.9% for HOPE against +9.5% for INBK).
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.
HOPE vs INBK: side by side
| HOPE (Hope Bancorp, Inc.) | INBK (First Internet Bancorp) | |
|---|---|---|
| 1-year return | +30.9% | +9.5% |
| 5-year return | +29.9% | -3.5% |
| Volatility (ann.) | 29.7% | 43.2% |
| Beta vs S&P 500 | 0.91 | 0.96 |
| Max drawdown (3Y) | -35.1% | -59.0% |
| Market cap | $1.8B | $0.2B |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 4.02% | 0.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | INBK |
|---|---|---|
| 2022 | -9.6% | -48.0% |
| 2023 | -0.1% | +1.0% |
| 2024 | +6.8% | +49.9% |
| 2025 | -5.9% | -41.4% |
| 2026 | +31.3% | +32.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and INBK good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HOPE and INBK?
The HOPE/INBK correlation stands at 0.70 on a 3-year window (1 year: 0.58, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is INBK a good diversifier for HOPE?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 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/hope-vs-inbk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hope-vs-inbk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · INBK correlations
