AMAL vs FULT: Correlation
How closely do Amalgamated Financial Corp. (AMAL) and Fulton Financial Corporation (FULT) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMAL and FULT?
On 3 years of weekly data the AMAL/FULT correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 791.3 %².
In AMAL's tracked universe of 11 assets, FULT sits right near the top at #1. Correlation aside, the last 12 months split them widely, with AMAL ahead by 42.6 points (+66.7% versus +24.1%).
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.
AMAL vs FULT: side by side
| AMAL (Amalgamated Financial Corp.) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +66.7% | +24.1% |
| 5-year return | +247.4% | +85.0% |
| Volatility (ann.) | 32.0% | 30.3% |
| Beta vs S&P 500 | 0.84 | 1.03 |
| Max drawdown (3Y) | -32.8% | -29.9% |
| Market cap | $1.5B | $4.5B |
| P/E (trailing) | 13.0 | 11.4 |
| Dividend yield | 1.34% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMAL | FULT |
|---|---|---|
| 2022 | +39.8% | +3.1% |
| 2023 | +19.4% | +2.5% |
| 2024 | +26.3% | +21.9% |
| 2025 | -2.5% | +4.3% |
| 2026 | +53.6% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMAL and FULT good diversifiers for each other?
No: a correlation of 0.82 means AMAL and FULT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AMAL and FULT?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.79 over the last year and 0.75 over 5 years.
Is FULT a good diversifier for AMAL?
No: a correlation of 0.82 means AMAL and FULT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 mean?
On the −1 to +1 scale, 0.82 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/amal-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amal-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AMAL correlations · FULT correlations
