CULP vs FDUS: Correlation
Culp, Inc. (CULP) and Fidus Investment Corporation - Closed End Fund (FDUS) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CULP and FDUS?
On 3 years of weekly data the CULP/FDUS correlation comes out at 0.36, moderate. The link has tightened recently: the 1-year correlation (0.48) runs above the 3-year figure (0.36). The 5-year figure is 0.35, and annualized covariance runs at 251.9 %².
Few assets follow CULP as closely as FDUS, which ranks #2 of 11 tracked partners. Correlation aside, the last 12 months split them widely, with FDUS ahead by 21.6 points (-17.9% versus +3.7%). One caveat on sizing: CULP is 2.3 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CULP vs FDUS: side by side
| CULP (Culp, Inc.) | FDUS (Fidus Investment Corporation - Closed End Fund) | |
|---|---|---|
| 1-year return | -17.9% | +3.7% |
| 5-year return | -73.3% | +100.3% |
| Volatility (ann.) | 39.5% | 17.5% |
| Beta vs S&P 500 | 0.60 | 0.57 |
| Max drawdown (3Y) | -58.6% | -23.9% |
| Market cap | – | $0.7B |
| P/E (trailing) | – | 9.5 |
| Dividend yield | 0.00% | 8.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CULP | FDUS |
|---|---|---|
| 2022 | -50.4% | +17.1% |
| 2023 | +26.1% | +20.0% |
| 2024 | +1.4% | +20.5% |
| 2025 | -39.4% | +2.1% |
| 2026 | -3.8% | +8.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CULP and FDUS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between CULP and FDUS?
The CULP/FDUS correlation stands at 0.36 on a 3-year window (1 year: 0.48, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is FDUS a good diversifier for CULP?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/culp-vs-fdus.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/culp-vs-fdus/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CULP correlations · FDUS correlations
