BUSE vs TOWN: Correlation
How closely do First Busey Corporation (BUSE) and Towne Bank (TOWN) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BUSE and TOWN?
Over the past 3 years, BUSE and TOWN moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 585.1 %².
Among the 38 assets we track against BUSE, TOWN ranks #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BUSE ahead by 20.8 points (+27.5% versus +6.7%).
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 TOWN: side by side
| BUSE (First Busey Corporation) | TOWN (Towne Bank) | |
|---|---|---|
| 1-year return | +27.5% | +6.7% |
| 5-year return | +56.7% | +47.6% |
| Volatility (ann.) | 26.7% | 25.0% |
| Beta vs S&P 500 | 0.79 | 0.77 |
| Max drawdown (3Y) | -31.0% | -18.4% |
| Market cap | $2.5B | $3.5B |
| P/E (trailing) | 12.3 | 18.0 |
| Dividend yield | 3.39% | 2.90% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BUSE | TOWN |
|---|---|---|
| 2022 | -5.5% | +0.7% |
| 2023 | +5.1% | +0.3% |
| 2024 | -1.2% | +18.3% |
| 2025 | +5.5% | +1.0% |
| 2026 | +30.7% | +16.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BUSE and TOWN good diversifiers for each other?
No: a correlation of 0.88 means BUSE and TOWN tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BUSE and TOWN?
The BUSE/TOWN correlation stands at 0.88 on a 3-year window (1 year: 0.84, 5 years: 0.87), computed from weekly returns as of 2026-08-27.
Is TOWN a good diversifier for BUSE?
No: a correlation of 0.88 means BUSE and TOWN tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 mean?
A reading of 0.88 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-town.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/buse-vs-town/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BUSE correlations · TOWN correlations
