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FULT vs GSBC: Correlation

Measured on weekly returns over the past three years, Fulton Financial Corporation (FULT) and Great Southern Bancorp, Inc. (GSBC) carry a correlation of 0.86, a very strong link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.86
very strong
Correlation (1Y)
0.79
last 12 months
Correlation (5Y)
0.79
long-run
Ann. covariance
650.2
%² · weekly, annualized

How correlated are FULT and GSBC?

Across a 3-year window, the weekly returns of FULT and GSBC correlate at 0.86, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.79 over 1 year against 0.86 over 3. Stretching to 5 years gives 0.79, with an annualized covariance of 650.2 %².

By 3-year correlation, GSBC places #21 of the 45 assets tracked against FULT. Neither side won the trailing year by much: +24.1% against +26.7%.

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.

FULT vs GSBC: side by side

FULT (Fulton Financial Corporation)GSBC (Great Southern Bancorp, Inc.)
1-year return+24.1%+26.7%
5-year return+85.0%+68.1%
Volatility (ann.)30.3%24.8%
Beta vs S&P 5001.030.62
Max drawdown (3Y)-29.9%-23.4%
Market cap$4.5B$0.9B
P/E (trailing)11.413.1
Dividend yield3.15%2.19%
Sector / categoryUS ListedUS Listed
Lower P/E: FULT 11.4 vs 13.1Higher yield: FULT 3.15% vs 2.19%Smaller drawdown: GSBC -23.4% vs -29.9%Higher 5y return: FULT +85.0% vs +68.1%
-12%0%+33%2025-09-052026-08-27
Price paths over the last 12 months, both indexed to 100 at the start (weekly closes). FULT · GSBC

Year-by-year returns

YearFULTGSBC
2022+3.1%+3.1%
2023+2.5%+2.8%
2024+21.9%+3.5%
2025+4.3%+6.0%
2026+25.0%+29.2%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are FULT and GSBC good diversifiers for each other?

Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.

FAQ

What is the correlation between FULT and GSBC?

The FULT/GSBC correlation stands at 0.86 on a 3-year window (1 year: 0.79, 5 years: 0.79), computed from weekly returns as of 2026-08-27.

Is GSBC a good diversifier for FULT?

Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.

What does a correlation of 0.86 mean?

A reading of 0.86 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.

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FULT vs GSBC: 3-year weekly correlation 0.86FULT vs GSBC0.86

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Related comparisons

Hubs: FULT correlations · GSBC correlations