HOPE vs NTB: Correlation
Hope Bancorp, Inc. (HOPE) and Bank of N.T. Butterfield & Son Limited (The) Voting (NTB) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and NTB?
Across a 3-year window, the weekly returns of HOPE and NTB correlate at 0.76, strong. The past 12 months show a weaker link (0.59) than the 3-year average (0.76). Stretching to 5 years gives 0.70, with an annualized covariance of 529.2 %².
Among the 47 assets we track against HOPE, NTB ranks #28 by 3-year correlation. Twelve-month performance is nearly a tie, at +30.9% for HOPE and +34.0% for NTB.
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 NTB: side by side
| HOPE (Hope Bancorp, Inc.) | NTB (Bank of N.T. Butterfield & Son Limited (The) Voting) | |
|---|---|---|
| 1-year return | +30.9% | +34.0% |
| 5-year return | +29.9% | +125.2% |
| Volatility (ann.) | 29.7% | 23.5% |
| Beta vs S&P 500 | 0.91 | 0.71 |
| Max drawdown (3Y) | -35.1% | -14.7% |
| Market cap | $1.8B | $2.3B |
| P/E (trailing) | 13.8 | 10.4 |
| Dividend yield | 4.02% | 3.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | NTB |
|---|---|---|
| 2022 | -9.6% | -17.5% |
| 2023 | -0.1% | +14.3% |
| 2024 | +6.8% | +20.2% |
| 2025 | -5.9% | +41.0% |
| 2026 | +31.3% | +21.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and NTB good diversifiers for each other?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HOPE and NTB?
The HOPE/NTB correlation stands at 0.76 on a 3-year window (1 year: 0.59, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is NTB a good diversifier for HOPE?
Somewhat, no more. With 0.76 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.76 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hope-vs-ntb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hope-vs-ntb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · NTB correlations
