ABCB vs FULT: Correlation
Measured on weekly returns over the past three years, Ameris Bancorp (ABCB) and Fulton Financial Corporation (FULT) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and FULT?
On 3 years of weekly data the ABCB/FULT correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.85 lands near the 3-year figure. The 5-year figure is 0.84, and annualized covariance runs at 797.9 %².
Among the 49 assets we track against ABCB, FULT ranks #6 by 3-year correlation. The trailing year gives FULT the advantage: +16.9% versus +24.1%, a 7.2-point spread.
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.
ABCB vs FULT: side by side
| ABCB (Ameris Bancorp) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +24.1% |
| 5-year return | +86.9% | +85.0% |
| Volatility (ann.) | 29.7% | 30.3% |
| Beta vs S&P 500 | 1.06 | 1.03 |
| Max drawdown (3Y) | -29.5% | -29.9% |
| Market cap | $5.7B | $4.5B |
| P/E (trailing) | 15.5 | 11.4 |
| Dividend yield | 0.93% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | FULT |
|---|---|---|
| 2022 | -3.8% | +3.1% |
| 2023 | +14.3% | +2.5% |
| 2024 | +19.4% | +21.9% |
| 2025 | +20.1% | +4.3% |
| 2026 | +15.5% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and FULT good diversifiers for each other?
No: a correlation of 0.88 means ABCB and FULT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ABCB and FULT?
The ABCB/FULT correlation stands at 0.88 on a 3-year window (1 year: 0.85, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is FULT a good diversifier for ABCB?
No: a correlation of 0.88 means ABCB and FULT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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.
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Related comparisons
Hubs: ABCB correlations · FULT correlations
