HOPE vs RBB: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and RBB Bancorp (RBB) 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 HOPE and RBB?
On 3 years of weekly data the HOPE/RBB correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. The 5-year figure is 0.77, and annualized covariance runs at 790.3 %².
Within HOPE's tracked universe of 47 assets, RBB comes in at #24 by 3-year correlation. Neither side won the trailing year by much: +30.9% against +31.8%.
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 RBB: side by side
| HOPE (Hope Bancorp, Inc.) | RBB (RBB Bancorp) | |
|---|---|---|
| 1-year return | +30.9% | +31.8% |
| 5-year return | +29.9% | +22.2% |
| Volatility (ann.) | 29.7% | 32.4% |
| Beta vs S&P 500 | 0.91 | 0.96 |
| Max drawdown (3Y) | -35.1% | -39.2% |
| Market cap | $1.8B | $0.4B |
| P/E (trailing) | 13.8 | 10.8 |
| Dividend yield | 4.02% | 2.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | RBB |
|---|---|---|
| 2022 | -9.6% | -18.5% |
| 2023 | -0.1% | -4.4% |
| 2024 | +6.8% | +11.0% |
| 2025 | -5.9% | +4.4% |
| 2026 | +31.3% | +29.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and RBB good diversifiers for each other?
No: a correlation of 0.82 means HOPE and RBB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HOPE and RBB?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.72 over the last year and 0.77 over 5 years.
Is RBB a good diversifier for HOPE?
No: a correlation of 0.82 means HOPE and RBB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 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-rbb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hope-vs-rbb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOPE correlations · RBB correlations
