BUSE vs EBMT: Correlation
First Busey Corporation (BUSE) and Eagle Bancorp Montana, Inc. (EBMT) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and EBMT?
Over the past 3 years, BUSE and EBMT moved with a correlation of 0.67, which is strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 451.1 %².
By 3-year correlation, EBMT places #29 of the 38 assets tracked against BUSE. Twelve-month performance is nearly a tie, at +27.5% for BUSE and +32.2% for EBMT.
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.
BUSE vs EBMT: side by side
| BUSE (First Busey Corporation) | EBMT (Eagle Bancorp Montana, Inc.) | |
|---|---|---|
| 1-year return | +27.5% | +32.2% |
| 5-year return | +56.7% | +21.5% |
| Volatility (ann.) | 26.7% | 25.2% |
| Beta vs S&P 500 | 0.79 | 0.51 |
| Max drawdown (3Y) | -31.0% | -22.2% |
| Market cap | $2.5B | $0.2B |
| P/E (trailing) | 12.3 | 11.0 |
| Dividend yield | 3.39% | 2.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | EBMT |
|---|---|---|
| 2022 | -5.5% | -27.8% |
| 2023 | +5.1% | +1.9% |
| 2024 | -1.2% | +1.1% |
| 2025 | +5.5% | +34.4% |
| 2026 | +30.7% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and EBMT good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BUSE and EBMT?
The BUSE/EBMT correlation stands at 0.67 on a 3-year window (1 year: 0.76, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is EBMT a good diversifier for BUSE?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/buse-vs-ebmt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/buse-vs-ebmt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUSE correlations · EBMT correlations
