BUSE vs GABC: Correlation
First Busey Corporation (BUSE) and German American Bancorp, Inc. (GABC) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and GABC?
Across a 3-year window, the weekly returns of BUSE and GABC correlate at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. Stretching to 5 years gives 0.84, with an annualized covariance of 570.9 %².
Within BUSE's tracked universe of 38 assets, GABC comes in at #17 by 3-year correlation. Over the last 12 months BUSE came out ahead by 6.0 percentage points (+27.5% against +21.5%).
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 GABC: side by side
| BUSE (First Busey Corporation) | GABC (German American Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +27.5% | +21.5% |
| 5-year return | +56.7% | +55.3% |
| Volatility (ann.) | 26.7% | 25.1% |
| Beta vs S&P 500 | 0.79 | 0.62 |
| Max drawdown (3Y) | -31.0% | -25.3% |
| Market cap | $2.5B | $1.9B |
| P/E (trailing) | 12.3 | 13.0 |
| Dividend yield | 3.39% | 2.46% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | GABC |
|---|---|---|
| 2022 | -5.5% | -2.0% |
| 2023 | +5.1% | -10.2% |
| 2024 | -1.2% | +27.9% |
| 2025 | +5.5% | +0.3% |
| 2026 | +30.7% | +29.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and GABC good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BUSE and GABC?
As of 2026-08-27, the correlation of weekly returns between BUSE and GABC is 0.85 over 3 years, 0.84 over 1 year and 0.84 over 5 years.
Is GABC a good diversifier for BUSE?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
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.
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Related comparisons
Hubs: BUSE correlations · GABC correlations
