FULT vs OBK: Correlation
How closely do Fulton Financial Corporation (FULT) and Origin Bancorp, Inc. (OBK) trade together? Their weekly returns over three years give a correlation of 0.83, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and OBK?
Over the past 3 years, FULT and OBK moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.73) sits close to the 3-year figure. Over 5 years the correlation is 0.79, and the annualized covariance of weekly returns is 736.7 %².
By 3-year correlation, OBK places #31 of the 45 assets tracked against FULT. Over the last 12 months OBK came out ahead by 14.8 percentage points (+24.1% against +38.9%).
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 OBK: side by side
| FULT (Fulton Financial Corporation) | OBK (Origin Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +38.9% |
| 5-year return | +85.0% | +43.8% |
| Volatility (ann.) | 30.3% | 29.1% |
| Beta vs S&P 500 | 1.03 | 0.90 |
| Max drawdown (3Y) | -29.9% | -28.0% |
| Market cap | $4.5B | $1.6B |
| P/E (trailing) | 11.4 | 16.7 |
| Dividend yield | 3.15% | 1.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | OBK |
|---|---|---|
| 2022 | +3.1% | -13.3% |
| 2023 | +2.5% | -1.2% |
| 2024 | +21.9% | -4.6% |
| 2025 | +4.3% | +14.8% |
| 2026 | +25.0% | +43.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and OBK good diversifiers for each other?
No: a correlation of 0.83 means FULT and OBK tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FULT and OBK?
As of 2026-08-27, the correlation of weekly returns between FULT and OBK is 0.83 over 3 years, 0.73 over 1 year and 0.79 over 5 years.
Is OBK a good diversifier for FULT?
No: a correlation of 0.83 means FULT and OBK tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 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-obk.json
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Related comparisons
Hubs: FULT correlations · OBK correlations
