ABCB vs AUB: Correlation
Measured on weekly returns over the past three years, Ameris Bancorp (ABCB) and Atlantic Union Bankshares Corporation (AUB) carry a correlation of 0.90, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and AUB?
Across a 3-year window, the weekly returns of ABCB and AUB correlate at 0.90, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.90 over 3. Stretching to 5 years gives 0.82, with an annualized covariance of 838.7 %².
In ABCB's tracked universe of 49 assets, AUB sits right near the top at #1. Twelve-month performance is nearly a tie, at +16.9% for ABCB and +19.0% for AUB.
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.
ABCB vs AUB: side by side
| ABCB (Ameris Bancorp) | AUB (Atlantic Union Bankshares Corporation) | |
|---|---|---|
| 1-year return | +16.9% | +19.0% |
| 5-year return | +86.9% | +33.7% |
| Volatility (ann.) | 29.7% | 31.5% |
| Beta vs S&P 500 | 1.06 | 1.07 |
| Max drawdown (3Y) | -29.5% | -44.7% |
| Market cap | $5.7B | $5.8B |
| P/E (trailing) | 15.5 | 11.9 |
| Dividend yield | 0.93% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | AUB |
|---|---|---|
| 2022 | -3.8% | -2.6% |
| 2023 | +14.3% | +8.1% |
| 2024 | +19.4% | +7.5% |
| 2025 | +20.1% | -2.7% |
| 2026 | +15.5% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and AUB good diversifiers for each other?
No. With a correlation of 0.90, ABCB and AUB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ABCB and AUB?
Using weekly returns as of 2026-08-27: 0.90 over 3 years, with 0.87 over the last year and 0.82 over 5 years.
Is AUB a good diversifier for ABCB?
No. With a correlation of 0.90, ABCB and AUB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 mean?
On the −1 to +1 scale, 0.90 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.
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Related comparisons
Hubs: ABCB correlations · AUB correlations
