BUSE vs HTH: Correlation
Measured on weekly returns over the past three years, First Busey Corporation (BUSE) and Hilltop Holdings Inc. (HTH) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and HTH?
Across a 3-year window, the weekly returns of BUSE and HTH correlate at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.83) sits close to the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 560.4 %².
Within BUSE's tracked universe of 38 assets, HTH comes in at #11 by 3-year correlation. The last year tells two different stories: BUSE led by 15.7 percentage points, +27.5% for BUSE against +11.8% for HTH.
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 HTH: side by side
| BUSE (First Busey Corporation) | HTH (Hilltop Holdings Inc.) | |
|---|---|---|
| 1-year return | +27.5% | +11.8% |
| 5-year return | +56.7% | +29.0% |
| Volatility (ann.) | 26.7% | 24.1% |
| Beta vs S&P 500 | 0.79 | 0.61 |
| Max drawdown (3Y) | -31.0% | -21.8% |
| Market cap | $2.5B | $2.2B |
| P/E (trailing) | 12.3 | 14.3 |
| Dividend yield | 3.39% | 1.97% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | HTH |
|---|---|---|
| 2022 | -5.5% | -12.9% |
| 2023 | +5.1% | +19.8% |
| 2024 | -1.2% | -16.9% |
| 2025 | +5.5% | +21.3% |
| 2026 | +30.7% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and HTH good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BUSE and HTH?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.83 over the last year and 0.71 over 5 years.
Is HTH a good diversifier for BUSE?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 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-hth.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/buse-vs-hth/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUSE correlations · HTH correlations
