HOPE vs SSB: Correlation
Hope Bancorp, Inc. (HOPE) and SouthState Bank Corporation (SSB) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and SSB?
Over the past 3 years, HOPE and SSB moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. Over 5 years the correlation is 0.82, and the annualized covariance of weekly returns is 744.6 %².
Within HOPE's tracked universe of 47 assets, SSB comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HOPE outperformed by 24.1 percentage points (+30.9% for HOPE against +6.8% for SSB).
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 SSB: side by side
| HOPE (Hope Bancorp, Inc.) | SSB (SouthState Bank Corporation) | |
|---|---|---|
| 1-year return | +30.9% | +6.8% |
| 5-year return | +29.9% | +76.5% |
| Volatility (ann.) | 29.7% | 28.6% |
| Beta vs S&P 500 | 0.91 | 0.95 |
| Max drawdown (3Y) | -35.1% | -27.6% |
| Market cap | $1.8B | $10.3B |
| P/E (trailing) | 13.8 | 11.2 |
| Dividend yield | 4.02% | 2.26% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | SSB |
|---|---|---|
| 2022 | -9.6% | -2.4% |
| 2023 | -0.1% | +13.8% |
| 2024 | +6.8% | +20.7% |
| 2025 | -5.9% | -3.1% |
| 2026 | +31.3% | +14.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and SSB good diversifiers for each other?
No. With a correlation of 0.88, HOPE and SSB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HOPE and SSB?
The HOPE/SSB correlation stands at 0.88 on a 3-year window (1 year: 0.80, 5 years: 0.82), computed from weekly returns as of 2026-08-27.
Is SSB a good diversifier for HOPE?
No. With a correlation of 0.88, HOPE and SSB 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.
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Related comparisons
Hubs: HOPE correlations · SSB correlations
