CATY vs FULT: Correlation
Measured on weekly returns over the past three years, Cathay General Bancorp (CATY) and Fulton Financial Corporation (FULT) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CATY and FULT?
Over the past 3 years, CATY and FULT moved with a correlation of 0.88, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.88 over 3. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 715.9 %².
Within CATY's tracked universe of 28 assets, FULT comes in at #7 by 3-year correlation. Neither side won the trailing year by much: +26.7% against +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.
CATY vs FULT: side by side
| CATY (Cathay General Bancorp) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +26.7% | +24.1% |
| 5-year return | +83.2% | +85.0% |
| Volatility (ann.) | 26.8% | 30.3% |
| Beta vs S&P 500 | 0.82 | 1.03 |
| Max drawdown (3Y) | -29.7% | -29.9% |
| Market cap | $4.1B | $4.5B |
| P/E (trailing) | 12.1 | 11.4 |
| Dividend yield | 2.39% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CATY | FULT |
|---|---|---|
| 2022 | -2.1% | +3.1% |
| 2023 | +13.5% | +2.5% |
| 2024 | +10.3% | +21.9% |
| 2025 | +4.6% | +4.3% |
| 2026 | +30.2% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CATY and FULT good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CATY and FULT?
The CATY/FULT correlation stands at 0.88 on a 3-year window (1 year: 0.88, 5 years: 0.87), computed from weekly returns as of 2026-08-27.
Is FULT a good diversifier for CATY?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
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/caty-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/caty-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CATY correlations · FULT correlations
