AVBH vs BUSE: Correlation
Avidbank Holdings, Inc. (AVBH) and First Busey Corporation (BUSE) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AVBH and BUSE?
On 3 years of weekly data the AVBH/BUSE correlation comes out at 0.46, moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.46). The 5-year figure is 0.37, and annualized covariance runs at 240.4 %².
Few assets follow AVBH as closely as BUSE, which ranks #2 of 10 tracked partners. Their 12-month results are close: +28.0% for AVBH against +27.5% for BUSE.
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.
AVBH vs BUSE: side by side
| AVBH (Avidbank Holdings, Inc.) | BUSE (First Busey Corporation) | |
|---|---|---|
| 1-year return | +28.0% | +27.5% |
| 5-year return | +40.0% | +56.7% |
| Volatility (ann.) | 19.4% | 26.7% |
| Beta vs S&P 500 | 0.41 | 0.79 |
| Max drawdown (3Y) | -25.2% | -31.0% |
| Market cap | $0.3B | $2.5B |
| P/E (trailing) | – | 12.3 |
| Dividend yield | 0.00% | 3.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AVBH | BUSE |
|---|---|---|
| 2022 | -17.5% | -5.5% |
| 2023 | +3.2% | +5.1% |
| 2024 | +2.0% | -1.2% |
| 2025 | +21.8% | +5.5% |
| 2026 | +20.0% | +30.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AVBH and BUSE good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AVBH and BUSE?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.58 over the last year and 0.37 over 5 years.
Is BUSE a good diversifier for AVBH?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/avbh-vs-buse.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/avbh-vs-buse/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AVBH correlations · BUSE correlations
