FULT vs PEBK: Correlation
Measured on weekly returns over the past three years, Fulton Financial Corporation (FULT) and Peoples Bancorp of North Carolina, Inc. (PEBK) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and PEBK?
Over the past 3 years, FULT and PEBK moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.73 lands near the 3-year figure. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 593.9 %².
By 3-year correlation, PEBK places #39 of the 45 assets tracked against FULT. Their recent paths diverged sharply: over the last 12 months PEBK outperformed by 18.7 percentage points (+24.1% for FULT against +42.8% for PEBK).
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 PEBK: side by side
| FULT (Fulton Financial Corporation) | PEBK (Peoples Bancorp of North Carolina, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +42.8% |
| 5-year return | +85.0% | +80.5% |
| Volatility (ann.) | 30.3% | 30.3% |
| Beta vs S&P 500 | 1.03 | 0.76 |
| Max drawdown (3Y) | -29.9% | -25.2% |
| Market cap | $4.5B | $0.2B |
| P/E (trailing) | 11.4 | 12.0 |
| Dividend yield | 3.15% | 1.88% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | PEBK |
|---|---|---|
| 2022 | +3.1% | +21.8% |
| 2023 | +2.5% | -1.4% |
| 2024 | +21.9% | +4.3% |
| 2025 | +4.3% | +19.7% |
| 2026 | +25.0% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and PEBK good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FULT and PEBK?
The FULT/PEBK correlation stands at 0.65 on a 3-year window (1 year: 0.73, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is PEBK a good diversifier for FULT?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
A reading of 0.65 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-pebk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fult-vs-pebk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FULT correlations · PEBK correlations
