BPOP vs FULT: Correlation
How closely do Popular, Inc. (BPOP) and Fulton Financial Corporation (FULT) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BPOP and FULT?
Across a 3-year window, the weekly returns of BPOP and FULT correlate at 0.80, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.79) sits close to the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 640.7 %².
By 3-year correlation, FULT places #4 of the 12 assets tracked against BPOP. Correlation aside, the last 12 months split them widely, with BPOP ahead by 15.1 points (+39.2% 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.
BPOP vs FULT: side by side
| BPOP (Popular, Inc.) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +39.2% | +24.1% |
| 5-year return | +157.8% | +85.0% |
| Volatility (ann.) | 26.3% | 30.3% |
| Beta vs S&P 500 | 0.84 | 1.03 |
| Max drawdown (3Y) | -22.6% | -29.9% |
| Market cap | $10.8B | $4.5B |
| P/E (trailing) | 11.5 | 11.4 |
| Dividend yield | 1.77% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BPOP | FULT |
|---|---|---|
| 2022 | -16.8% | +3.1% |
| 2023 | +28.3% | +2.5% |
| 2024 | +17.9% | +21.9% |
| 2025 | +36.0% | +4.3% |
| 2026 | +37.8% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BPOP and FULT good diversifiers for each other?
No: a correlation of 0.80 means BPOP and FULT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BPOP and FULT?
As of 2026-08-27, the correlation of weekly returns between BPOP and FULT is 0.80 over 3 years, 0.79 over 1 year and 0.74 over 5 years.
Is FULT a good diversifier for BPOP?
No: a correlation of 0.80 means BPOP and FULT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
On the −1 to +1 scale, 0.80 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/bpop-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bpop-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BPOP correlations · FULT correlations
