BHRB vs BUSE: Correlation
Measured on weekly returns over the past three years, Burke & Herbert Financial Services Corp. (BHRB) and First Busey Corporation (BUSE) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHRB and BUSE?
Across a 3-year window, the weekly returns of BHRB and BUSE correlate at 0.81, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. Stretching to 5 years gives 0.54, with an annualized covariance of 684.1 %².
In BHRB's tracked universe of 16 assets, BUSE sits right near the top at #1. Over the last 12 months BUSE came out ahead by 11.5 percentage points (+16.0% 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.
BHRB vs BUSE: side by side
| BHRB (Burke & Herbert Financial Services Corp.) | BUSE (First Busey Corporation) | |
|---|---|---|
| 1-year return | +16.0% | +27.5% |
| 5-year return | +57.3% | +56.7% |
| Volatility (ann.) | 31.8% | 26.7% |
| Beta vs S&P 500 | 0.74 | 0.79 |
| Max drawdown (3Y) | -30.8% | -31.0% |
| Market cap | $1.4B | $2.5B |
| P/E (trailing) | 11.7 | 12.3 |
| Dividend yield | 3.07% | 3.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BHRB | BUSE |
|---|---|---|
| 2022 | +33.3% | -5.5% |
| 2023 | -7.8% | +5.1% |
| 2024 | +2.9% | -1.2% |
| 2025 | +3.6% | +5.5% |
| 2026 | +17.8% | +30.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHRB and BUSE good diversifiers for each other?
No: a correlation of 0.81 means BHRB and BUSE tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BHRB and BUSE?
The BHRB/BUSE correlation stands at 0.81 on a 3-year window (1 year: 0.86, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is BUSE a good diversifier for BHRB?
No: a correlation of 0.81 means BHRB and BUSE tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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/bhrb-vs-buse.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bhrb-vs-buse/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BHRB correlations · BUSE correlations
