CAC vs FULT: Correlation
How closely do Camden National Corporation (CAC) and Fulton Financial Corporation (FULT) 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 CAC and FULT?
On 3 years of weekly data the CAC/FULT correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. The 5-year figure is 0.78, and annualized covariance runs at 768.9 %².
Few assets follow CAC as closely as FULT, which ranks #2 of 24 tracked partners. Their recent paths diverged sharply: over the last 12 months CAC outperformed by 19.2 percentage points (+43.3% for CAC against +24.1% for FULT).
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.
CAC vs FULT: side by side
| CAC (Camden National Corporation) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +43.3% | +24.1% |
| 5-year return | +51.3% | +85.0% |
| Volatility (ann.) | 29.0% | 30.3% |
| Beta vs S&P 500 | 0.87 | 1.03 |
| Max drawdown (3Y) | -26.0% | -29.9% |
| Market cap | $1.0B | $4.5B |
| P/E (trailing) | 10.9 | 11.4 |
| Dividend yield | 2.97% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CAC | FULT |
|---|---|---|
| 2022 | -10.3% | +3.1% |
| 2023 | -5.0% | +2.5% |
| 2024 | +19.1% | +21.9% |
| 2025 | +5.8% | +4.3% |
| 2026 | +34.5% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAC and FULT good diversifiers for each other?
No. With a correlation of 0.87, CAC and FULT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between CAC and FULT?
As of 2026-08-27, the correlation of weekly returns between CAC and FULT is 0.87 over 3 years, 0.83 over 1 year and 0.78 over 5 years.
Is FULT a good diversifier for CAC?
No. With a correlation of 0.87, CAC and FULT 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/cac-vs-fult.json
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[](https://www.pairbook.io/pair/cac-vs-fult/)
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Related comparisons
Hubs: CAC correlations · FULT correlations
