BUSE vs SRCE: Correlation
How closely do First Busey Corporation (BUSE) and 1st Source Corporation (SRCE) trade together? Their weekly returns over three years give a correlation of 0.90, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and SRCE?
Across a 3-year window, the weekly returns of BUSE and SRCE correlate at 0.90, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Stretching to 5 years gives 0.83, with an annualized covariance of 609.5 %².
SRCE is one of the assets that tracks BUSE most closely: it ranks #1 out of the 38 assets we track against BUSE. The trailing year gives SRCE the advantage: +27.5% versus +37.0%, a 9.5-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 SRCE: side by side
| BUSE (First Busey Corporation) | SRCE (1st Source Corporation) | |
|---|---|---|
| 1-year return | +27.5% | +37.0% |
| 5-year return | +56.7% | +110.2% |
| Volatility (ann.) | 26.7% | 25.5% |
| Beta vs S&P 500 | 0.79 | 0.61 |
| Max drawdown (3Y) | -31.0% | -21.2% |
| Market cap | $2.5B | $2.1B |
| P/E (trailing) | 12.3 | 12.4 |
| Dividend yield | 3.39% | 0.93% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | SRCE |
|---|---|---|
| 2022 | -5.5% | +9.8% |
| 2023 | +5.1% | +6.5% |
| 2024 | -1.2% | +9.0% |
| 2025 | +5.5% | +9.8% |
| 2026 | +30.7% | +40.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and SRCE good diversifiers for each other?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BUSE and SRCE?
As of 2026-08-27, the correlation of weekly returns between BUSE and SRCE is 0.90 over 3 years, 0.89 over 1 year and 0.83 over 5 years.
Is SRCE a good diversifier for BUSE?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.90 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-srce.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/buse-vs-srce/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BUSE correlations · SRCE correlations
