BUSE vs EGHT: Correlation
First Busey Corporation (BUSE) and 8x8 Inc (EGHT) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and EGHT?
On 3 years of weekly data the BUSE/EGHT correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 1153.1 %².
By 3-year correlation, EGHT places #31 of the 38 assets tracked against BUSE. The last year tells two different stories: BUSE led by 22.3 percentage points, +27.5% for BUSE against +5.2% for EGHT. Risk is not evenly split, since EGHT carries 3.0 times the volatility of the other side.
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 EGHT: side by side
| BUSE (First Busey Corporation) | EGHT (8x8 Inc) | |
|---|---|---|
| 1-year return | +27.5% | +5.2% |
| 5-year return | +56.7% | -91.6% |
| Volatility (ann.) | 26.7% | 80.2% |
| Beta vs S&P 500 | 0.79 | 2.07 |
| Max drawdown (3Y) | -31.0% | -59.5% |
| Market cap | $2.5B | $0.3B |
| P/E (trailing) | 12.3 | 67.0 |
| Dividend yield | 3.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | EGHT |
|---|---|---|
| 2022 | -5.5% | -74.2% |
| 2023 | +5.1% | -12.5% |
| 2024 | -1.2% | -29.4% |
| 2025 | +5.5% | -26.2% |
| 2026 | +30.7% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and EGHT good diversifiers for each other?
Only partially. A correlation of 0.54 means BUSE and EGHT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BUSE and EGHT?
As of 2026-08-27, the correlation of weekly returns between BUSE and EGHT is 0.54 over 3 years, 0.47 over 1 year and 0.47 over 5 years.
Is EGHT a good diversifier for BUSE?
Only partially. A correlation of 0.54 means BUSE and EGHT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/buse-vs-eght.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/buse-vs-eght/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUSE correlations · EGHT correlations
