HOPE vs USB: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and U.S. Bancorp (USB) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and USB?
On 3 years of weekly data the HOPE/USB correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 668.0 %².
Within HOPE's tracked universe of 47 assets, USB comes in at #25 by 3-year correlation. Neither side won the trailing year by much: +30.9% against +33.1%.
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 USB: side by side
| HOPE (Hope Bancorp, Inc.) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +30.9% | +33.1% |
| 5-year return | +29.9% | +36.0% |
| Volatility (ann.) | 29.7% | 27.3% |
| Beta vs S&P 500 | 0.91 | 1.09 |
| Max drawdown (3Y) | -35.1% | -30.6% |
| Market cap | $1.8B | $97.2B |
| P/E (trailing) | 13.8 | 12.5 |
| Dividend yield | 4.02% | 3.31% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | HOPE | USB |
|---|---|---|
| 2022 | -9.6% | -19.1% |
| 2023 | -0.1% | +4.8% |
| 2024 | +6.8% | +15.6% |
| 2025 | -5.9% | +16.5% |
| 2026 | +31.3% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and USB good diversifiers for each other?
No. With a correlation of 0.82, HOPE and USB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HOPE and USB?
As of 2026-08-27, the correlation of weekly returns between HOPE and USB is 0.82 over 3 years, 0.82 over 1 year and 0.75 over 5 years.
Is USB a good diversifier for HOPE?
No. With a correlation of 0.82, HOPE and USB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 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-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/hope-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOPE correlations · USB correlations
