AMTB vs BUSE: Correlation
Measured on weekly returns over the past three years, Amerant Bancorp Inc. (AMTB) and First Busey Corporation (BUSE) carry a correlation of 0.77, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMTB and BUSE?
Over the past 3 years, AMTB and BUSE moved with a correlation of 0.77, which is strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 708.5 %².
In AMTB's tracked universe of 11 assets, BUSE sits right near the top at #3. Over the last 12 months AMTB came out ahead by 9.2 percentage points (+36.7% against +27.5%).
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.
AMTB vs BUSE: side by side
| AMTB (Amerant Bancorp Inc.) | BUSE (First Busey Corporation) | |
|---|---|---|
| 1-year return | +36.7% | +27.5% |
| 5-year return | +17.3% | +56.7% |
| Volatility (ann.) | 34.6% | 26.7% |
| Beta vs S&P 500 | 0.99 | 0.79 |
| Max drawdown (3Y) | -36.9% | -31.0% |
| Market cap | $1.1B | $2.5B |
| P/E (trailing) | 20.6 | 12.3 |
| Dividend yield | 1.26% | 3.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMTB | BUSE |
|---|---|---|
| 2022 | -21.4% | -5.5% |
| 2023 | -6.8% | +5.1% |
| 2024 | -7.3% | -1.2% |
| 2025 | -11.3% | +5.5% |
| 2026 | +49.4% | +30.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMTB and BUSE good diversifiers for each other?
To a limited degree. At 0.77 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 AMTB and BUSE?
The AMTB/BUSE correlation stands at 0.77 on a 3-year window (1 year: 0.74, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is BUSE a good diversifier for AMTB?
To a limited degree. At 0.77 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 0.77 mean?
A reading of 0.77 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amtb-vs-buse.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amtb-vs-buse/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMTB correlations · BUSE correlations
