CAT vs FUSB: Correlation
How closely do Caterpillar Inc. (CAT) and First US Bancshares, Inc. (FUSB) trade together? Their weekly returns over three years give a correlation of 0.28, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CAT and FUSB?
On 3 years of weekly data the CAT/FUSB correlation comes out at 0.28, weak. Lately the two have moved closer together, with the 1-year correlation at 0.40 versus 0.28 over 3 years. The 5-year figure is 0.19, and annualized covariance runs at 212.6 %².
Within CAT's tracked universe of 36 assets, FUSB comes in at #25 by 3-year correlation. The last year tells two different stories: CAT led by 36.2 percentage points, +90.5% for CAT against +54.3% for FUSB.
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.
CAT vs FUSB: side by side
| CAT (Caterpillar Inc.) | FUSB (First US Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +90.5% | +54.3% |
| 5-year return | +321.1% | +66.8% |
| Volatility (ann.) | 29.4% | 26.1% |
| Beta vs S&P 500 | 1.03 | 0.21 |
| Max drawdown (3Y) | -34.0% | -23.2% |
| Market cap | $375.6B | $0.1B |
| P/E (trailing) | 35.3 | 12.4 |
| Dividend yield | 0.75% | 1.70% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CAT | FUSB |
|---|---|---|
| 2022 | +18.6% | -16.7% |
| 2023 | +25.9% | +21.6% |
| 2024 | +24.7% | +24.5% |
| 2025 | +60.3% | +13.4% |
| 2026 | +43.5% | +18.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CAT and FUSB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CAT and FUSB?
Using weekly returns as of 2026-08-27: 0.28 over 3 years, with 0.40 over the last year and 0.19 over 5 years.
Is FUSB a good diversifier for CAT?
Yes, to a useful degree: a correlation of 0.28 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.28 mean?
A reading of 0.28 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/cat-vs-fusb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cat-vs-fusb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CAT correlations · FUSB correlations
