CASH vs FULT: Correlation
Measured on weekly returns over the past three years, Pathward Financial, Inc. (CASH) and Fulton Financial Corporation (FULT) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CASH and FULT?
Over the past 3 years, CASH and FULT moved with a correlation of 0.73, which is strong. The link has loosened recently: the 1-year correlation (0.61) runs below the 3-year figure (0.73). Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 649.1 %².
FULT is one of the assets that tracks CASH most closely: it ranks #3 out of the 12 assets we track against CASH. Correlation aside, the last 12 months split them widely, with FULT ahead by 22.0 points (+2.1% versus +24.1%).
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.
CASH vs FULT: side by side
| CASH (Pathward Financial, Inc.) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +2.1% | +24.1% |
| 5-year return | +71.2% | +85.0% |
| Volatility (ann.) | 29.4% | 30.3% |
| Beta vs S&P 500 | 0.84 | 1.03 |
| Max drawdown (3Y) | -22.2% | -29.9% |
| Market cap | $1.7B | $4.5B |
| P/E (trailing) | 10.3 | 11.4 |
| Dividend yield | 0.24% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CASH | FULT |
|---|---|---|
| 2022 | -27.5% | +3.1% |
| 2023 | +23.4% | +2.5% |
| 2024 | +39.5% | +21.9% |
| 2025 | -3.2% | +4.3% |
| 2026 | +15.0% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CASH and FULT good diversifiers for each other?
Only partially. A correlation of 0.73 means CASH and FULT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CASH and FULT?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.61 over the last year and 0.62 over 5 years.
Is FULT a good diversifier for CASH?
Only partially. A correlation of 0.73 means CASH and FULT share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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/cash-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cash-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CASH correlations · FULT correlations
