HOPE vs VXZ: Correlation
Measured on weekly returns over the past three years, Hope Bancorp, Inc. (HOPE) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) carry a correlation of -0.52, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and VXZ?
Across a 3-year window, the weekly returns of HOPE and VXZ correlate at -0.52, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.48 over 1 year against -0.52 over 3. Stretching to 5 years gives -0.46, with an annualized covariance of -396.9 %².
Out of 47 assets tracked against HOPE, VXZ lands near the bottom at #47. The last year tells two different stories: HOPE led by 47.0 percentage points, +30.9% for HOPE against -16.1% for VXZ.
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 VXZ: side by side
| HOPE (Hope Bancorp, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +30.9% | -16.1% |
| 5-year return | +29.9% | -53.1% |
| Volatility (ann.) | 29.7% | 25.6% |
| Beta vs S&P 500 | 0.91 | -1.31 |
| Max drawdown (3Y) | -35.1% | -36.4% |
| Market cap | $1.8B | – |
| P/E (trailing) | 13.8 | – |
| Dividend yield | 4.02% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | VXZ |
|---|---|---|
| 2022 | -9.6% | +0.5% |
| 2023 | -0.1% | -44.0% |
| 2024 | +6.8% | -12.7% |
| 2025 | -5.9% | +5.7% |
| 2026 | +31.3% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and VXZ good diversifiers for each other?
Yes. With a correlation of -0.52, HOPE and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HOPE and VXZ?
The HOPE/VXZ correlation stands at -0.52 on a 3-year window (1 year: -0.48, 5 years: -0.46), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for HOPE?
Yes. With a correlation of -0.52, HOPE and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.52 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hope-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HOPE correlations · VXZ correlations
