HOPE vs QQQ: Correlation
Hope Bancorp, Inc. (HOPE) and Invesco QQQ Trust (QQQ) show a moderate relationship: their 3-year correlation of weekly returns is 0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and QQQ?
Across a 3-year window, the weekly returns of HOPE and QQQ correlate at 0.30, moderate. The past 12 months show a weaker link (0.14) than the 3-year average (0.30). Stretching to 5 years gives 0.29, with an annualized covariance of 174.3 %².
Out of 47 assets tracked against HOPE, QQQ lands near the bottom at #44. Neither side won the trailing year by much: +30.9% against +26.3%. Note the risk asymmetry: HOPE runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 QQQ: side by side
| HOPE (Hope Bancorp, Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +30.9% | +26.3% |
| 5-year return | +29.9% | +95.4% |
| Volatility (ann.) | 29.7% | 19.6% |
| Beta vs S&P 500 | 0.91 | 1.28 |
| Max drawdown (3Y) | -35.1% | -22.8% |
| Market cap | $1.8B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 4.02% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | HOPE | QQQ |
|---|---|---|
| 2022 | -9.6% | -32.6% |
| 2023 | -0.1% | +54.9% |
| 2024 | +6.8% | +25.6% |
| 2025 | -5.9% | +20.8% |
| 2026 | +31.3% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and QQQ good diversifiers for each other?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between HOPE and QQQ?
As of 2026-08-27, the correlation of weekly returns between HOPE and QQQ is 0.30 over 3 years, 0.14 over 1 year and 0.29 over 5 years.
Is QQQ a good diversifier for HOPE?
A fair diversifier. At 0.30, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.30 mean?
A reading of 0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HOPE correlations · QQQ correlations
