FMBH vs FSUN: Correlation
Measured on weekly returns over the past three years, First Mid Bancshares, Inc. (FMBH) and FirstSun Capital Bancorp (FSUN) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FMBH and FSUN?
Over the past 3 years, FMBH and FSUN moved with a correlation of 0.50, which is moderate. Little has changed lately, as the 1-year reading of 0.56 lands near the 3-year figure. Over 5 years the correlation is 0.43, and the annualized covariance of weekly returns is 358.8 %².
Within FMBH's tracked universe of 56 assets, FSUN comes in at #51 by 3-year correlation. The last year tells two different stories: FMBH led by 21.1 percentage points, +26.9% for FMBH against +5.8% for FSUN.
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.
FMBH vs FSUN: side by side
| FMBH (First Mid Bancshares, Inc.) | FSUN (FirstSun Capital Bancorp) | |
|---|---|---|
| 1-year return | +26.9% | +5.8% |
| 5-year return | +40.9% | n/a |
| Volatility (ann.) | 26.0% | 27.4% |
| Beta vs S&P 500 | 0.76 | 0.57 |
| Max drawdown (3Y) | -27.5% | -31.4% |
| Market cap | $1.3B | $1.8B |
| P/E (trailing) | 12.5 | 24.0 |
| Dividend yield | 1.99% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FMBH | FSUN |
|---|---|---|
| 2022 | -23.2% | – |
| 2023 | +11.6% | -6.7% |
| 2024 | +9.1% | +17.8% |
| 2025 | +8.7% | -6.0% |
| 2026 | +31.1% | +6.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FMBH and FSUN good diversifiers for each other?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FMBH and FSUN?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.56 over the last year and 0.43 over 5 years.
Is FSUN a good diversifier for FMBH?
To a limited degree. At 0.50 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.50 mean?
A reading of 0.50 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fmbh-vs-fsun.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fmbh-vs-fsun/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FMBH correlations · FSUN correlations
