BUSE vs TBBK: Correlation
How closely do First Busey Corporation (BUSE) and The Bancorp, Inc. (TBBK) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and TBBK?
On 3 years of weekly data the BUSE/TBBK correlation comes out at 0.71, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 780.3 %².
Within BUSE's tracked universe of 38 assets, TBBK comes in at #27 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BUSE outperformed by 41.1 percentage points (+27.5% for BUSE against -13.6% for TBBK). One caveat on sizing: TBBK is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 TBBK: side by side
| BUSE (First Busey Corporation) | TBBK (The Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +27.5% | -13.6% |
| 5-year return | +56.7% | +172.1% |
| Volatility (ann.) | 26.7% | 41.2% |
| Beta vs S&P 500 | 0.79 | 1.08 |
| Max drawdown (3Y) | -31.0% | -36.3% |
| Market cap | $2.5B | $2.7B |
| P/E (trailing) | 12.3 | 12.5 |
| Dividend yield | 3.39% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | TBBK |
|---|---|---|
| 2022 | -5.5% | +12.1% |
| 2023 | +5.1% | +35.9% |
| 2024 | -1.2% | +36.5% |
| 2025 | +5.5% | +28.3% |
| 2026 | +30.7% | -1.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and TBBK good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BUSE and TBBK?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.66 over the last year and 0.65 over 5 years.
Is TBBK a good diversifier for BUSE?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/buse-vs-tbbk.json
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[](https://www.pairbook.io/pair/buse-vs-tbbk/)
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Related comparisons
Hubs: BUSE correlations · TBBK correlations
