BUSE vs EFSC: Correlation
Measured on weekly returns over the past three years, First Busey Corporation (BUSE) and Enterprise Financial Services Corporation (EFSC) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and EFSC?
Over the past 3 years, BUSE and EFSC moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.81 over 1 year against 0.87 over 3. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 626.2 %².
By 3-year correlation, EFSC places #10 of the 38 assets tracked against BUSE. Their recent paths diverged sharply: over the last 12 months BUSE outperformed by 22.2 percentage points (+27.5% for BUSE against +5.3% for EFSC).
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 EFSC: side by side
| BUSE (First Busey Corporation) | EFSC (Enterprise Financial Services Corporation) | |
|---|---|---|
| 1-year return | +27.5% | +5.3% |
| 5-year return | +56.7% | +59.0% |
| Volatility (ann.) | 26.7% | 26.9% |
| Beta vs S&P 500 | 0.79 | 0.66 |
| Max drawdown (3Y) | -31.0% | -25.0% |
| Market cap | $2.5B | $2.3B |
| P/E (trailing) | 12.3 | 12.6 |
| Dividend yield | 3.39% | 2.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | EFSC |
|---|---|---|
| 2022 | -5.5% | +6.0% |
| 2023 | +5.1% | -6.6% |
| 2024 | -1.2% | +29.3% |
| 2025 | +5.5% | -2.1% |
| 2026 | +30.7% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and EFSC good diversifiers for each other?
No. With a correlation of 0.87, BUSE and EFSC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BUSE and EFSC?
The BUSE/EFSC correlation stands at 0.87 on a 3-year window (1 year: 0.81, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is EFSC a good diversifier for BUSE?
No. With a correlation of 0.87, BUSE and EFSC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
A reading of 0.87 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-efsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/buse-vs-efsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BUSE correlations · EFSC correlations
