HOPE vs UMBF: Correlation
Hope Bancorp, Inc. (HOPE) and UMB Financial Corporation (UMBF) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and UMBF?
Over the past 3 years, HOPE and UMBF moved with a correlation of 0.86, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.86 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 723.4 %².
By 3-year correlation, UMBF places #15 of the 47 assets tracked against HOPE. On 12-month performance HOPE holds a 11.7-point edge, +30.9% against +19.2%.
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 UMBF: side by side
| HOPE (Hope Bancorp, Inc.) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | +30.9% | +19.2% |
| 5-year return | +29.9% | +73.4% |
| Volatility (ann.) | 29.7% | 28.4% |
| Beta vs S&P 500 | 0.91 | 1.01 |
| Max drawdown (3Y) | -35.1% | -31.8% |
| Market cap | $1.8B | $11.0B |
| P/E (trailing) | 13.8 | 11.9 |
| Dividend yield | 4.02% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | UMBF |
|---|---|---|
| 2022 | -9.6% | -20.0% |
| 2023 | -0.1% | +2.2% |
| 2024 | +6.8% | +37.3% |
| 2025 | -5.9% | +3.4% |
| 2026 | +31.3% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and UMBF good diversifiers for each other?
No: a correlation of 0.86 means HOPE and UMBF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HOPE and UMBF?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.91 over the last year and 0.78 over 5 years.
Is UMBF a good diversifier for HOPE?
No: a correlation of 0.86 means HOPE and UMBF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hope-vs-umbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hope-vs-umbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HOPE correlations · UMBF correlations
