BUSE vs FCF: Correlation
Measured on weekly returns over the past three years, First Busey Corporation (BUSE) and First Commonwealth Financial Corporation (FCF) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and FCF?
Across a 3-year window, the weekly returns of BUSE and FCF correlate at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.87) sits close to the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 639.9 %².
In BUSE's tracked universe of 38 assets, FCF sits right near the top at #2. The trailing year gives BUSE the advantage: +27.5% versus +20.3%, a 7.2-point spread.
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 FCF: side by side
| BUSE (First Busey Corporation) | FCF (First Commonwealth Financial Corporation) | |
|---|---|---|
| 1-year return | +27.5% | +20.3% |
| 5-year return | +56.7% | +83.7% |
| Volatility (ann.) | 26.7% | 26.9% |
| Beta vs S&P 500 | 0.79 | 0.72 |
| Max drawdown (3Y) | -31.0% | -26.9% |
| Market cap | $2.5B | $2.1B |
| P/E (trailing) | 12.3 | 12.7 |
| Dividend yield | 3.39% | 2.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | FCF |
|---|---|---|
| 2022 | -5.5% | -10.3% |
| 2023 | +5.1% | +14.8% |
| 2024 | -1.2% | +13.4% |
| 2025 | +5.5% | +3.0% |
| 2026 | +30.7% | +26.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and FCF good diversifiers for each other?
No. With a correlation of 0.89, BUSE and FCF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BUSE and FCF?
As of 2026-08-27, the correlation of weekly returns between BUSE and FCF is 0.89 over 3 years, 0.87 over 1 year and 0.85 over 5 years.
Is FCF a good diversifier for BUSE?
No. With a correlation of 0.89, BUSE and FCF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.89 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
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Related comparisons
Hubs: BUSE correlations · FCF correlations
