FBP vs FULT: Correlation
First BanCorp. New (FBP) and Fulton Financial Corporation (FULT) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FBP and FULT?
On 3 years of weekly data the FBP/FULT correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.75 lands near the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 665.5 %².
In FBP's tracked universe of 11 assets, FULT sits right near the top at #3. Twelve-month performance is nearly a tie, at +26.4% for FBP and +24.1% for FULT.
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.
FBP vs FULT: side by side
| FBP (First BanCorp. New) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +26.4% | +24.1% |
| 5-year return | +155.4% | +85.0% |
| Volatility (ann.) | 25.8% | 30.3% |
| Beta vs S&P 500 | 0.84 | 1.03 |
| Max drawdown (3Y) | -22.9% | -29.9% |
| Market cap | $4.2B | $4.5B |
| P/E (trailing) | 11.8 | 11.4 |
| Dividend yield | 2.72% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FBP | FULT |
|---|---|---|
| 2022 | -4.7% | +3.1% |
| 2023 | +34.8% | +2.5% |
| 2024 | +16.9% | +21.9% |
| 2025 | +14.4% | +4.3% |
| 2026 | +36.0% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FBP and FULT good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FBP and FULT?
The FBP/FULT correlation stands at 0.85 on a 3-year window (1 year: 0.75, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is FULT a good diversifier for FBP?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 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/fbp-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fbp-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FBP correlations · FULT correlations
