HOPE vs SFNC: Correlation
How closely do Hope Bancorp, Inc. (HOPE) and Simmons First National Corporation (SFNC) 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 SFNC?
Across a 3-year window, the weekly returns of HOPE and SFNC correlate at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.82 over 1 year against 0.86 over 3. Stretching to 5 years gives 0.83, with an annualized covariance of 735.6 %².
By 3-year correlation, SFNC places #14 of the 47 assets tracked against HOPE. Correlation aside, the last 12 months split them widely, with HOPE ahead by 17.4 points (+30.9% versus +13.5%).
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 SFNC: side by side
| HOPE (Hope Bancorp, Inc.) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | +30.9% | +13.5% |
| 5-year return | +29.9% | -3.8% |
| Volatility (ann.) | 29.7% | 28.9% |
| Beta vs S&P 500 | 0.91 | 0.88 |
| Max drawdown (3Y) | -35.1% | -30.5% |
| Market cap | $1.8B | $3.3B |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 4.02% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | SFNC |
|---|---|---|
| 2022 | -9.6% | -24.6% |
| 2023 | -0.1% | -4.0% |
| 2024 | +6.8% | +16.7% |
| 2025 | -5.9% | -11.3% |
| 2026 | +31.3% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and SFNC good diversifiers for each other?
No. With a correlation of 0.86, HOPE and SFNC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HOPE and SFNC?
As of 2026-08-27, the correlation of weekly returns between HOPE and SFNC is 0.86 over 3 years, 0.82 over 1 year and 0.83 over 5 years.
Is SFNC a good diversifier for HOPE?
No. With a correlation of 0.86, HOPE and SFNC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 mean?
A reading of 0.86 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 · SFNC correlations
