BUSE vs FULT: Correlation
First Busey Corporation (BUSE) and Fulton Financial Corporation (FULT) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and FULT?
Across a 3-year window, the weekly returns of BUSE and FULT correlate at 0.88, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.90 over 1 year against 0.88 over 3. Stretching to 5 years gives 0.84, with an annualized covariance of 716.8 %².
Few assets follow BUSE as closely as FULT, which ranks #3 of 38 tracked partners. Twelve-month performance is nearly a tie, at +27.5% for BUSE and +24.1% for FULT.
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 FULT: side by side
| BUSE (First Busey Corporation) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +27.5% | +24.1% |
| 5-year return | +56.7% | +85.0% |
| Volatility (ann.) | 26.7% | 30.3% |
| Beta vs S&P 500 | 0.79 | 1.03 |
| Max drawdown (3Y) | -31.0% | -29.9% |
| Market cap | $2.5B | $4.5B |
| P/E (trailing) | 12.3 | 11.4 |
| Dividend yield | 3.39% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | FULT |
|---|---|---|
| 2022 | -5.5% | +3.1% |
| 2023 | +5.1% | +2.5% |
| 2024 | -1.2% | +21.9% |
| 2025 | +5.5% | +4.3% |
| 2026 | +30.7% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and FULT good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BUSE and FULT?
As of 2026-08-27, the correlation of weekly returns between BUSE and FULT is 0.88 over 3 years, 0.90 over 1 year and 0.84 over 5 years.
Is FULT a good diversifier for BUSE?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 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-fult.json
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[](https://www.pairbook.io/pair/buse-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUSE correlations · FULT correlations
