FFBC vs FULT: Correlation
First Financial Bancorp. (FFBC) and Fulton Financial Corporation (FULT) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FFBC and FULT?
Across a 3-year window, the weekly returns of FFBC and FULT correlate at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.84 lands near the 3-year figure. Stretching to 5 years gives 0.87, with an annualized covariance of 759.9 %².
FULT is one of the assets that tracks FFBC most closely: it ranks #3 out of the 31 assets we track against FFBC. Their 12-month results are close: +26.7% for FFBC against +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.
FFBC vs FULT: side by side
| FFBC (First Financial Bancorp.) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +26.7% | +24.1% |
| 5-year return | +69.6% | +85.0% |
| Volatility (ann.) | 28.0% | 30.3% |
| Beta vs S&P 500 | 0.81 | 1.03 |
| Max drawdown (3Y) | -26.1% | -29.9% |
| Market cap | $3.4B | $4.5B |
| P/E (trailing) | 11.6 | 11.4 |
| Dividend yield | 3.05% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FFBC | FULT |
|---|---|---|
| 2022 | +3.4% | +3.1% |
| 2023 | +2.4% | +2.5% |
| 2024 | +17.6% | +21.9% |
| 2025 | -3.3% | +4.3% |
| 2026 | +33.1% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FFBC and FULT good diversifiers for each other?
No: a correlation of 0.89 means FFBC and FULT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FFBC and FULT?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.84 over the last year and 0.87 over 5 years.
Is FULT a good diversifier for FFBC?
No: a correlation of 0.89 means FFBC and FULT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 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
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Related comparisons
Hubs: FFBC correlations · FULT correlations
