HOPE vs WD: Correlation
Hope Bancorp, Inc. (HOPE) and Walker & Dunlop, Inc (WD) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOPE and WD?
On 3 years of weekly data the HOPE/WD correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 762.2 %².
Within HOPE's tracked universe of 47 assets, WD comes in at #34 by 3-year correlation. The last year tells two different stories: HOPE led by 81.9 percentage points, +30.9% for HOPE against -51.0% for WD.
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 WD: side by side
| HOPE (Hope Bancorp, Inc.) | WD (Walker & Dunlop, Inc) | |
|---|---|---|
| 1-year return | +30.9% | -51.0% |
| 5-year return | +29.9% | -53.5% |
| Volatility (ann.) | 29.7% | 38.5% |
| Beta vs S&P 500 | 0.91 | 1.12 |
| Max drawdown (3Y) | -35.1% | -63.4% |
| Market cap | $1.8B | $1.4B |
| P/E (trailing) | 13.8 | 36.0 |
| Dividend yield | 4.02% | 6.70% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | HOPE | WD |
|---|---|---|
| 2022 | -9.6% | -46.8% |
| 2023 | -0.1% | +46.0% |
| 2024 | +6.8% | -10.1% |
| 2025 | -5.9% | -35.9% |
| 2026 | +31.3% | -29.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOPE and WD good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HOPE and WD?
The HOPE/WD correlation stands at 0.67 on a 3-year window (1 year: 0.59, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is WD a good diversifier for HOPE?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 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-wd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hope-vs-wd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HOPE correlations · WD correlations
