HOPE vs SBCF: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and Seacoast Banking Corporation of Florida (SBCF) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and SBCF?
Across a 3-year window, the weekly returns of HOPE and SBCF correlate at 0.88, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 805.8 %².
Within HOPE's tracked universe of 47 assets, SBCF comes in at #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HOPE outperformed by 18.2 percentage points (+30.9% for HOPE against +12.7% for SBCF).
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 SBCF: side by side
| HOPE (Hope Bancorp, Inc.) | SBCF (Seacoast Banking Corporation of Florida) | |
|---|---|---|
| 1-year return | +30.9% | +12.7% |
| 5-year return | +29.9% | +23.0% |
| Volatility (ann.) | 29.7% | 30.8% |
| Beta vs S&P 500 | 0.91 | 0.96 |
| Max drawdown (3Y) | -35.1% | -27.8% |
| Market cap | $1.8B | $3.3B |
| P/E (trailing) | 13.8 | 22.3 |
| Dividend yield | 4.02% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | SBCF |
|---|---|---|
| 2022 | -9.6% | -10.1% |
| 2023 | -0.1% | -6.0% |
| 2024 | +6.8% | -0.5% |
| 2025 | -5.9% | +17.1% |
| 2026 | +31.3% | +10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and SBCF good diversifiers for each other?
No. With a correlation of 0.88, HOPE and SBCF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HOPE and SBCF?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.88 over the last year and 0.82 over 5 years.
Is SBCF a good diversifier for HOPE?
No. With a correlation of 0.88, HOPE and SBCF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.88 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-sbcf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hope-vs-sbcf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · SBCF correlations
