HOPE vs. SPY
Compare and contrast key facts about Hope Bancorp, Inc. (HOPE) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HOPE or SPY.
Correlation
The correlation between HOPE and SPY is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HOPE vs. SPY - Performance Comparison
Key characteristics
HOPE:
0.05
SPY:
1.88
HOPE:
0.33
SPY:
2.53
HOPE:
1.04
SPY:
1.35
HOPE:
0.04
SPY:
2.83
HOPE:
0.18
SPY:
11.74
HOPE:
9.12%
SPY:
2.02%
HOPE:
34.06%
SPY:
12.64%
HOPE:
-90.29%
SPY:
-55.19%
HOPE:
-30.04%
SPY:
-0.42%
Returns By Period
In the year-to-date period, HOPE achieves a -8.36% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, HOPE has underperformed SPY with an annualized return of 1.97%, while SPY has yielded a comparatively higher 13.18% annualized return.
HOPE
-8.36%
-7.68%
-6.92%
5.07%
0.15%
1.97%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
HOPE vs. SPY — Risk-Adjusted Performance Rank
HOPE
SPY
HOPE vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hope Bancorp, Inc. (HOPE) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
HOPE vs. SPY - Dividend Comparison
HOPE's dividend yield for the trailing twelve months is around 5.03%, more than SPY's 1.16% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOPE Hope Bancorp, Inc. | 5.03% | 4.56% | 4.64% | 4.37% | 3.81% | 5.13% | 3.77% | 4.55% | 2.74% | 2.06% | 2.44% | 2.43% |
SPY SPDR S&P 500 ETF | 1.16% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
HOPE vs. SPY - Drawdown Comparison
The maximum HOPE drawdown since its inception was -90.29%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HOPE and SPY. For additional features, visit the drawdowns tool.
Volatility
HOPE vs. SPY - Volatility Comparison
Hope Bancorp, Inc. (HOPE) has a higher volatility of 7.75% compared to SPDR S&P 500 ETF (SPY) at 2.93%. This indicates that HOPE's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.