HOPE vs SYBT: Correlation
How closely do Hope Bancorp, Inc. (HOPE) and Stock Yards Bancorp, Inc. (SYBT) trade together? Their weekly returns over three years give a correlation of 0.84, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and SYBT?
Across a 3-year window, the weekly returns of HOPE and SYBT correlate at 0.84, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.84 over 1 year against 0.84 over 3. Stretching to 5 years gives 0.73, with an annualized covariance of 744.2 %².
Within HOPE's tracked universe of 47 assets, SYBT comes in at #19 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HOPE outperformed by 32.0 percentage points (+30.9% for HOPE against -1.1% for SYBT).
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 SYBT: side by side
| HOPE (Hope Bancorp, Inc.) | SYBT (Stock Yards Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +30.9% | -1.1% |
| 5-year return | +29.9% | +73.4% |
| Volatility (ann.) | 29.7% | 29.9% |
| Beta vs S&P 500 | 0.91 | 0.94 |
| Max drawdown (3Y) | -35.1% | -24.2% |
| Market cap | $1.8B | $2.5B |
| P/E (trailing) | 13.8 | 16.0 |
| Dividend yield | 4.02% | 1.60% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | SYBT |
|---|---|---|
| 2022 | -9.6% | +3.6% |
| 2023 | -0.1% | -18.8% |
| 2024 | +6.8% | +42.2% |
| 2025 | -5.9% | -7.7% |
| 2026 | +31.3% | +23.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and SYBT good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between HOPE and SYBT?
The HOPE/SYBT correlation stands at 0.84 on a 3-year window (1 year: 0.84, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is SYBT a good diversifier for HOPE?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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-sybt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hope-vs-sybt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOPE correlations · SYBT correlations
