EGHT vs FULT: Correlation
8x8 Inc (EGHT) and Fulton Financial Corporation (FULT) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EGHT and FULT?
Over the past 3 years, EGHT and FULT moved with a correlation of 0.55, which is moderate. Lately the two have drifted apart, with the 1-year correlation at 0.39 versus 0.55 over 3 years. Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 1338.8 %².
In EGHT's tracked universe of 15 assets, FULT sits right near the top at #3. The last year tells two different stories: FULT led by 18.9 percentage points, +5.2% for EGHT against +24.1% for FULT. One caveat on sizing: EGHT is 2.6 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.
EGHT vs FULT: side by side
| EGHT (8x8 Inc) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +5.2% | +24.1% |
| 5-year return | -91.6% | +85.0% |
| Volatility (ann.) | 80.2% | 30.3% |
| Beta vs S&P 500 | 2.07 | 1.03 |
| Max drawdown (3Y) | -59.5% | -29.9% |
| Market cap | $0.3B | $4.5B |
| P/E (trailing) | 67.0 | 11.4 |
| Dividend yield | 0.00% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EGHT | FULT |
|---|---|---|
| 2022 | -74.2% | +3.1% |
| 2023 | -12.5% | +2.5% |
| 2024 | -29.4% | +21.9% |
| 2025 | -26.2% | +4.3% |
| 2026 | +2.0% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EGHT and FULT good diversifiers for each other?
Only partially. A correlation of 0.55 means EGHT 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 EGHT and FULT?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.39 over the last year and 0.49 over 5 years.
Is FULT a good diversifier for EGHT?
Only partially. A correlation of 0.55 means EGHT 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 0.55 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/eght-vs-fult.json
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[](https://www.pairbook.io/pair/eght-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EGHT correlations · FULT correlations
