FULT vs HOMB: Correlation
Fulton Financial Corporation (FULT) and Home BancShares, Inc. (HOMB) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and HOMB?
Across a 3-year window, the weekly returns of FULT and HOMB correlate at 0.88, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.88 over 3. Stretching to 5 years gives 0.82, with an annualized covariance of 662.4 %².
Among the 45 assets we track against FULT, HOMB ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FULT ahead by 22.3 points (+24.1% versus +1.8%).
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 HOMB: side by side
| FULT (Fulton Financial Corporation) | HOMB (Home BancShares, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +1.8% |
| 5-year return | +85.0% | +56.7% |
| Volatility (ann.) | 30.3% | 24.7% |
| Beta vs S&P 500 | 1.03 | 0.65 |
| Max drawdown (3Y) | -29.9% | -21.4% |
| Market cap | $4.5B | $5.9B |
| P/E (trailing) | 11.4 | 12.3 |
| Dividend yield | 3.15% | 2.78% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | HOMB |
|---|---|---|
| 2022 | +3.1% | -3.7% |
| 2023 | +2.5% | +14.8% |
| 2024 | +21.9% | +15.0% |
| 2025 | +4.3% | +0.9% |
| 2026 | +25.0% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and HOMB good diversifiers for each other?
No: a correlation of 0.88 means FULT and HOMB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FULT and HOMB?
Using weekly returns as of 2026-08-27: 0.88 over 3 years, with 0.80 over the last year and 0.82 over 5 years.
Is HOMB a good diversifier for FULT?
No: a correlation of 0.88 means FULT and HOMB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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.
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Related comparisons
Hubs: FULT correlations · HOMB correlations
