BUSE vs FBIZ: Correlation
How closely do First Busey Corporation (BUSE) and First Business Financial Services, Inc. (FBIZ) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and FBIZ?
Across a 3-year window, the weekly returns of BUSE and FBIZ correlate at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 680.8 %².
Among the 38 assets we track against BUSE, FBIZ ranks #16 by 3-year correlation. Over the last 12 months FBIZ came out ahead by 10.5 percentage points (+27.5% against +38.0%).
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 FBIZ: side by side
| BUSE (First Busey Corporation) | FBIZ (First Business Financial Services, Inc.) | |
|---|---|---|
| 1-year return | +27.5% | +38.0% |
| 5-year return | +56.7% | +187.1% |
| Volatility (ann.) | 26.7% | 30.0% |
| Beta vs S&P 500 | 0.79 | 0.79 |
| Max drawdown (3Y) | -31.0% | -20.8% |
| Market cap | $2.5B | $0.6B |
| P/E (trailing) | 12.3 | 10.6 |
| Dividend yield | 3.39% | 1.80% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | FBIZ |
|---|---|---|
| 2022 | -5.5% | +28.2% |
| 2023 | +5.1% | +12.9% |
| 2024 | -1.2% | +18.4% |
| 2025 | +5.5% | +20.1% |
| 2026 | +30.7% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and FBIZ good diversifiers for each other?
No: a correlation of 0.85 means BUSE and FBIZ tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BUSE and FBIZ?
As of 2026-08-27, the correlation of weekly returns between BUSE and FBIZ is 0.85 over 3 years, 0.84 over 1 year and 0.78 over 5 years.
Is FBIZ a good diversifier for BUSE?
No: a correlation of 0.85 means BUSE and FBIZ tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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-fbiz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/buse-vs-fbiz/)
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Related comparisons
Hubs: BUSE correlations · FBIZ correlations
