BUSE vs PRK: Correlation
How closely do First Busey Corporation (BUSE) and Park National Corporation (PRK) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and PRK?
Across a 3-year window, the weekly returns of BUSE and PRK correlate at 0.87, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.87 lands near the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 655.3 %².
By 3-year correlation, PRK places #12 of the 38 assets tracked against BUSE. The trailing year gives BUSE the advantage: +27.5% versus +17.2%, a 10.3-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 PRK: side by side
| BUSE (First Busey Corporation) | PRK (Park National Corporation) | |
|---|---|---|
| 1-year return | +27.5% | +17.2% |
| 5-year return | +56.7% | +98.6% |
| Volatility (ann.) | 26.7% | 28.2% |
| Beta vs S&P 500 | 0.79 | 0.78 |
| Max drawdown (3Y) | -31.0% | -30.4% |
| Market cap | $2.5B | $3.6B |
| P/E (trailing) | 12.3 | 17.7 |
| Dividend yield | 3.39% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | PRK |
|---|---|---|
| 2022 | -5.5% | +6.1% |
| 2023 | +5.1% | -2.0% |
| 2024 | -1.2% | +33.0% |
| 2025 | +5.5% | -8.1% |
| 2026 | +30.7% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and PRK good diversifiers for each other?
No. With a correlation of 0.87, BUSE and PRK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BUSE and PRK?
As of 2026-08-27, the correlation of weekly returns between BUSE and PRK is 0.87 over 3 years, 0.87 over 1 year and 0.83 over 5 years.
Is PRK a good diversifier for BUSE?
No. With a correlation of 0.87, BUSE and PRK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/buse-vs-prk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/buse-vs-prk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BUSE correlations · PRK correlations
