ASB vs FULT: Correlation
Associated Banc-Corp (ASB) and Fulton Financial Corporation (FULT) show a very strong relationship: their 3-year correlation of weekly returns is 0.90.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASB and FULT?
On 3 years of weekly data the ASB/FULT correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.90 over 1 year against 0.90 over 3. The 5-year figure is 0.88, and annualized covariance runs at 796.7 %².
FULT is one of the assets that tracks ASB most closely: it ranks #3 out of the 47 assets we track against ASB. The trailing year gives FULT the advantage: +18.5% versus +24.1%, a 5.6-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.
ASB vs FULT: side by side
| ASB (Associated Banc-Corp) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +18.5% | +24.1% |
| 5-year return | +82.7% | +85.0% |
| Volatility (ann.) | 29.0% | 30.3% |
| Beta vs S&P 500 | 1.03 | 1.03 |
| Max drawdown (3Y) | -31.6% | -29.9% |
| Market cap | $5.8B | $4.5B |
| P/E (trailing) | 10.8 | 11.4 |
| Dividend yield | 3.08% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASB | FULT |
|---|---|---|
| 2022 | +6.0% | +3.1% |
| 2023 | -2.9% | +2.5% |
| 2024 | +16.2% | +21.9% |
| 2025 | +11.8% | +4.3% |
| 2026 | +21.7% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and FULT good diversifiers for each other?
No: a correlation of 0.90 means ASB and FULT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ASB and FULT?
Using weekly returns as of 2026-08-27: 0.90 over 3 years, with 0.90 over the last year and 0.88 over 5 years.
Is FULT a good diversifier for ASB?
No: a correlation of 0.90 means ASB and FULT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.90 mean?
On the −1 to +1 scale, 0.90 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/asb-vs-fult.json
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[](https://www.pairbook.io/pair/asb-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ASB correlations · FULT correlations
