HOPE vs SCI: Correlation
How closely do Hope Bancorp, Inc. (HOPE) and Service Corporation International (SCI) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and SCI?
On 3 years of weekly data the HOPE/SCI correlation comes out at 0.46, moderate. The past 12 months show a weaker link (0.20) than the 3-year average (0.46). The 5-year figure is 0.34, and annualized covariance runs at 323.0 %².
Within HOPE's tracked universe of 47 assets, SCI comes in at #40 by 3-year correlation. The last year tells two different stories: HOPE led by 24.4 percentage points, +30.9% for HOPE against +6.5% for SCI.
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 SCI: side by side
| HOPE (Hope Bancorp, Inc.) | SCI (Service Corporation International) | |
|---|---|---|
| 1-year return | +30.9% | +6.5% |
| 5-year return | +29.9% | +44.7% |
| Volatility (ann.) | 29.7% | 23.6% |
| Beta vs S&P 500 | 0.91 | 0.47 |
| Max drawdown (3Y) | -35.1% | -21.6% |
| Market cap | $1.8B | $11.4B |
| P/E (trailing) | 13.8 | 21.8 |
| Dividend yield | 4.02% | 1.59% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | SCI |
|---|---|---|
| 2022 | -9.6% | -1.0% |
| 2023 | -0.1% | +0.7% |
| 2024 | +6.8% | +18.4% |
| 2025 | -5.9% | -0.7% |
| 2026 | +31.3% | +8.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and SCI good diversifiers for each other?
Reasonably. At 0.46, HOPE and SCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between HOPE and SCI?
The HOPE/SCI correlation stands at 0.46 on a 3-year window (1 year: 0.20, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is SCI a good diversifier for HOPE?
Reasonably. At 0.46, HOPE and SCI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 mean?
On the −1 to +1 scale, 0.46 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-sci.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hope-vs-sci/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · SCI correlations
