HOPE vs SBSI: Correlation
How closely do Hope Bancorp, Inc. (HOPE) and Southside Bancshares, Inc. (SBSI) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and SBSI?
Over the past 3 years, HOPE and SBSI moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. The past 12 months show a weaker link (0.75) than the 3-year average (0.86). Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 626.3 %².
By 3-year correlation, SBSI places #13 of the 47 assets tracked against HOPE. Correlation aside, the last 12 months split them widely, with HOPE ahead by 24.5 points (+30.9% versus +6.4%).
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 SBSI: side by side
| HOPE (Hope Bancorp, Inc.) | SBSI (Southside Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | +6.4% |
| 5-year return | +29.9% | +7.0% |
| Volatility (ann.) | 29.7% | 24.6% |
| Beta vs S&P 500 | 0.91 | 0.59 |
| Max drawdown (3Y) | -35.1% | -27.3% |
| Market cap | $1.8B | $1.0B |
| P/E (trailing) | 13.8 | 12.6 |
| Dividend yield | 4.02% | 4.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | SBSI |
|---|---|---|
| 2022 | -9.6% | -10.8% |
| 2023 | -0.1% | -8.9% |
| 2024 | +6.8% | +6.3% |
| 2025 | -5.9% | +0.5% |
| 2026 | +31.3% | +8.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and SBSI good diversifiers for each other?
No. With a correlation of 0.86, HOPE and SBSI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HOPE and SBSI?
As of 2026-08-27, the correlation of weekly returns between HOPE and SBSI is 0.86 over 3 years, 0.75 over 1 year and 0.83 over 5 years.
Is SBSI a good diversifier for HOPE?
No. With a correlation of 0.86, HOPE and SBSI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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-sbsi.json
Markdown for the live badge, attribution link included:
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · SBSI correlations
