CBT vs FUL: Correlation
Measured on weekly returns over the past three years, Cabot Corporation (CBT) and H. B. Fuller Company (FUL) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CBT and FUL?
On 3 years of weekly data the CBT/FUL correlation comes out at 0.65, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.61, and annualized covariance runs at 575.8 %².
Few assets follow CBT as closely as FUL, which ranks #1 of 15 tracked partners. On 12-month performance CBT holds a 11.8-point edge, +5.7% against -6.1%.
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.
CBT vs FUL: side by side
| CBT (Cabot Corporation) | FUL (H. B. Fuller Company) | |
|---|---|---|
| 1-year return | +5.7% | -6.1% |
| 5-year return | +73.1% | -10.4% |
| Volatility (ann.) | 28.5% | 31.0% |
| Beta vs S&P 500 | 0.84 | 0.93 |
| Max drawdown (3Y) | -48.8% | -43.5% |
| Market cap | $4.4B | $3.1B |
| P/E (trailing) | 23.7 | 17.2 |
| Dividend yield | 2.16% | 1.64% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CBT | FUL |
|---|---|---|
| 2022 | +21.4% | -10.6% |
| 2023 | +27.6% | +15.0% |
| 2024 | +11.3% | -16.2% |
| 2025 | -25.7% | -10.5% |
| 2026 | +29.1% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CBT and FUL good diversifiers for each other?
Only partially. A correlation of 0.65 means CBT and FUL 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 CBT and FUL?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.65 over the last year and 0.61 over 5 years.
Is FUL a good diversifier for CBT?
Only partially. A correlation of 0.65 means CBT and FUL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/cbt-vs-ful.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cbt-vs-ful/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CBT correlations · FUL correlations
