BANF vs FULT: Correlation
Measured on weekly returns over the past three years, BancFirst Corporation (BANF) and Fulton Financial Corporation (FULT) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANF and FULT?
On 3 years of weekly data the BANF/FULT correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.81 over 1 year against 0.85 over 3. The 5-year figure is 0.76, and annualized covariance runs at 724.0 %².
In BANF's tracked universe of 16 assets, FULT sits right near the top at #2. Correlation aside, the last 12 months split them widely, with FULT ahead by 40.2 points (-16.1% 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.
BANF vs FULT: side by side
| BANF (BancFirst Corporation) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | -16.1% | +24.1% |
| 5-year return | +116.0% | +85.0% |
| Volatility (ann.) | 28.2% | 30.3% |
| Beta vs S&P 500 | 0.72 | 1.03 |
| Max drawdown (3Y) | -23.6% | -29.9% |
| Market cap | $3.7B | $4.5B |
| P/E (trailing) | 14.9 | 11.4 |
| Dividend yield | 1.75% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANF | FULT |
|---|---|---|
| 2022 | +27.1% | +3.1% |
| 2023 | +12.4% | +2.5% |
| 2024 | +22.6% | +21.9% |
| 2025 | -8.0% | +4.3% |
| 2026 | +5.1% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANF and FULT good diversifiers for each other?
No: a correlation of 0.85 means BANF and FULT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BANF and FULT?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.81 over the last year and 0.76 over 5 years.
Is FULT a good diversifier for BANF?
No: a correlation of 0.85 means BANF and FULT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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/banf-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/banf-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BANF correlations · FULT correlations
