FULT vs NBN: Correlation
How closely do Fulton Financial Corporation (FULT) and Northeast Bank (NBN) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and NBN?
Across a 3-year window, the weekly returns of FULT and NBN correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.75) sits close to the 3-year figure. Stretching to 5 years gives 0.59, with an annualized covariance of 728.5 %².
Among the 45 assets we track against FULT, NBN ranks #37 by 3-year correlation. Over the last 12 months FULT came out ahead by 6.4 percentage points (+24.1% against +17.7%).
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 NBN: side by side
| FULT (Fulton Financial Corporation) | NBN (Northeast Bank) | |
|---|---|---|
| 1-year return | +24.1% | +17.7% |
| 5-year return | +85.0% | +303.8% |
| Volatility (ann.) | 30.3% | 33.6% |
| Beta vs S&P 500 | 1.03 | 0.81 |
| Max drawdown (3Y) | -29.9% | -27.6% |
| Market cap | $4.5B | – |
| P/E (trailing) | 11.4 | 10.2 |
| Dividend yield | 3.15% | 0.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | NBN |
|---|---|---|
| 2022 | +3.1% | +17.9% |
| 2023 | +2.5% | +31.2% |
| 2024 | +21.9% | +66.3% |
| 2025 | +4.3% | +13.3% |
| 2026 | +25.0% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and NBN good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FULT and NBN?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.75 over the last year and 0.59 over 5 years.
Is NBN a good diversifier for FULT?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fult-vs-nbn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fult-vs-nbn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FULT correlations · NBN correlations
