HOPE vs TGT: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and Target Corporation (TGT) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and TGT?
On 3 years of weekly data the HOPE/TGT correlation comes out at 0.46, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.32, and annualized covariance runs at 435.7 %².
Within HOPE's tracked universe of 47 assets, TGT comes in at #41 by 3-year correlation. The last year tells two different stories: TGT led by 45.3 percentage points, +30.9% for HOPE against +76.2% for TGT.
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 TGT: side by side
| HOPE (Hope Bancorp, Inc.) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +30.9% | +76.2% |
| 5-year return | +29.9% | -22.2% |
| Volatility (ann.) | 29.7% | 32.0% |
| Beta vs S&P 500 | 0.91 | 0.62 |
| Max drawdown (3Y) | -35.1% | -49.8% |
| Market cap | $1.8B | $75.4B |
| P/E (trailing) | 13.8 | 17.2 |
| Dividend yield | 4.02% | 2.78% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | HOPE | TGT |
|---|---|---|
| 2022 | -9.6% | -34.2% |
| 2023 | -0.1% | -1.4% |
| 2024 | +6.8% | -2.3% |
| 2025 | -5.9% | -24.5% |
| 2026 | +31.3% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and TGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HOPE and TGT?
As of 2026-08-27, the correlation of weekly returns between HOPE and TGT is 0.46 over 3 years, 0.49 over 1 year and 0.32 over 5 years.
Is TGT a good diversifier for HOPE?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined 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-tgt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hope-vs-tgt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · TGT correlations
