FULT vs HWC: Correlation
Measured on weekly returns over the past three years, Fulton Financial Corporation (FULT) and Hancock Whitney Corporation (HWC) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and HWC?
On 3 years of weekly data the FULT/HWC correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.89 over 3. The 5-year figure is 0.86, and annualized covariance runs at 829.5 %².
By 3-year correlation, HWC places #7 of the 45 assets tracked against FULT. Twelve-month performance is nearly a tie, at +24.1% for FULT and +21.6% for HWC.
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 HWC: side by side
| FULT (Fulton Financial Corporation) | HWC (Hancock Whitney Corporation) | |
|---|---|---|
| 1-year return | +24.1% | +21.6% |
| 5-year return | +85.0% | +89.0% |
| Volatility (ann.) | 30.3% | 30.7% |
| Beta vs S&P 500 | 1.03 | 1.03 |
| Max drawdown (3Y) | -29.9% | -23.9% |
| Market cap | $4.5B | $6.0B |
| P/E (trailing) | 11.4 | 14.7 |
| Dividend yield | 3.15% | 2.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | HWC |
|---|---|---|
| 2022 | +3.1% | -1.2% |
| 2023 | +2.5% | +3.3% |
| 2024 | +21.9% | +16.1% |
| 2025 | +4.3% | +20.0% |
| 2026 | +25.0% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and HWC good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FULT and HWC?
The FULT/HWC correlation stands at 0.89 on a 3-year window (1 year: 0.83, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is HWC a good diversifier for FULT?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 mean?
A reading of 0.89 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/fult-vs-hwc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fult-vs-hwc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FULT correlations · HWC correlations
