FULT vs TCBI: Correlation
Fulton Financial Corporation (FULT) and Texas Capital Bancshares, Inc. (TCBI) show a very strong relationship: their 3-year correlation of weekly returns is 0.80.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and TCBI?
Over the past 3 years, FULT and TCBI moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.77 lands near the 3-year figure. Over 5 years the correlation is 0.75, and the annualized covariance of weekly returns is 684.2 %².
Within FULT's tracked universe of 45 assets, TCBI comes in at #34 by 3-year correlation. The trailing year gives FULT the advantage: +24.1% versus +12.8%, a 11.3-point spread.
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 TCBI: side by side
| FULT (Fulton Financial Corporation) | TCBI (Texas Capital Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +24.1% | +12.8% |
| 5-year return | +85.0% | +47.7% |
| Volatility (ann.) | 30.3% | 28.1% |
| Beta vs S&P 500 | 1.03 | 0.81 |
| Max drawdown (3Y) | -29.9% | -31.7% |
| Market cap | $4.5B | $4.3B |
| P/E (trailing) | 11.4 | 12.8 |
| Dividend yield | 3.15% | 0.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FULT | TCBI |
|---|---|---|
| 2022 | +3.1% | +0.1% |
| 2023 | +2.5% | +7.2% |
| 2024 | +21.9% | +21.0% |
| 2025 | +4.3% | +15.8% |
| 2026 | +25.0% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and TCBI good diversifiers for each other?
No. With a correlation of 0.80, FULT and TCBI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FULT and TCBI?
The FULT/TCBI correlation stands at 0.80 on a 3-year window (1 year: 0.77, 5 years: 0.75), computed from weekly returns as of 2026-08-27.
Is TCBI a good diversifier for FULT?
No. With a correlation of 0.80, FULT and TCBI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 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-tcbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fult-vs-tcbi/)
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Related comparisons
Hubs: FULT correlations · TCBI correlations
