BUSE vs NRIM: Correlation
First Busey Corporation (BUSE) and Northrim BanCorp Inc (NRIM) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and NRIM?
Across a 3-year window, the weekly returns of BUSE and NRIM correlate at 0.78, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 767.6 %².
Among the 38 assets we track against BUSE, NRIM ranks #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BUSE ahead by 16.0 points (+27.5% versus +11.5%).
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 NRIM: side by side
| BUSE (First Busey Corporation) | NRIM (Northrim BanCorp Inc) | |
|---|---|---|
| 1-year return | +27.5% | +11.5% |
| 5-year return | +56.7% | +203.9% |
| Volatility (ann.) | 26.7% | 36.9% |
| Beta vs S&P 500 | 0.79 | 0.89 |
| Max drawdown (3Y) | -31.0% | -24.9% |
| Market cap | $2.5B | $0.6B |
| P/E (trailing) | 12.3 | 8.4 |
| Dividend yield | 3.39% | 1.25% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | NRIM |
|---|---|---|
| 2022 | -5.5% | +30.7% |
| 2023 | +5.1% | +10.4% |
| 2024 | -1.2% | +41.9% |
| 2025 | +5.5% | +40.5% |
| 2026 | +30.7% | -1.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and NRIM good diversifiers for each other?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BUSE and NRIM?
The BUSE/NRIM correlation stands at 0.78 on a 3-year window (1 year: 0.72, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is NRIM a good diversifier for BUSE?
Somewhat, no more. With 0.78 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.78 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-nrim.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/buse-vs-nrim/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BUSE correlations · NRIM correlations
