HOPE vs MVBF: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and MVB Financial Corp. (MVBF) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and MVBF?
On 3 years of weekly data the HOPE/MVBF correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.73 over 3. The 5-year figure is 0.66, and annualized covariance runs at 705.9 %².
By 3-year correlation, MVBF places #29 of the 47 assets tracked against HOPE. Their 12-month results are close: +30.9% for HOPE against +29.5% for MVBF.
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 MVBF: side by side
| HOPE (Hope Bancorp, Inc.) | MVBF (MVB Financial Corp.) | |
|---|---|---|
| 1-year return | +30.9% | +29.5% |
| 5-year return | +29.9% | -11.2% |
| Volatility (ann.) | 29.7% | 32.7% |
| Beta vs S&P 500 | 0.91 | 0.78 |
| Max drawdown (3Y) | -35.1% | -35.3% |
| Market cap | $1.8B | $0.4B |
| P/E (trailing) | 13.8 | 10.1 |
| Dividend yield | 4.02% | 2.27% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | MVBF |
|---|---|---|
| 2022 | -9.6% | -45.8% |
| 2023 | -0.1% | +5.7% |
| 2024 | +6.8% | -5.1% |
| 2025 | -5.9% | +28.7% |
| 2026 | +31.3% | +18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and MVBF good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HOPE and MVBF?
The HOPE/MVBF correlation stands at 0.73 on a 3-year window (1 year: 0.67, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is MVBF a good diversifier for HOPE?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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-mvbf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hope-vs-mvbf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HOPE correlations · MVBF correlations
