ABCB vs LOB: Correlation
How closely do Ameris Bancorp (ABCB) and Live Oak Bancshares, Inc. (LOB) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and LOB?
On 3 years of weekly data the ABCB/LOB correlation comes out at 0.80, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 1000.7 %².
Among the 49 assets we track against ABCB, LOB ranks #28 by 3-year correlation. On 12-month performance ABCB holds a 13.1-point edge, +16.9% against +3.8%.
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 LOB: side by side
| ABCB (Ameris Bancorp) | LOB (Live Oak Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +16.9% | +3.8% |
| 5-year return | +86.9% | -33.6% |
| Volatility (ann.) | 29.7% | 42.3% |
| Beta vs S&P 500 | 1.06 | 1.11 |
| Max drawdown (3Y) | -29.5% | -53.8% |
| Market cap | $5.7B | $1.9B |
| P/E (trailing) | 15.5 | 14.0 |
| Dividend yield | 0.93% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | LOB |
|---|---|---|
| 2022 | -3.8% | -65.3% |
| 2023 | +14.3% | +51.3% |
| 2024 | +19.4% | -12.8% |
| 2025 | +20.1% | -12.8% |
| 2026 | +15.5% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and LOB good diversifiers for each other?
No: a correlation of 0.80 means ABCB and LOB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ABCB and LOB?
Using weekly returns as of 2026-08-27: 0.80 over 3 years, with 0.76 over the last year and 0.72 over 5 years.
Is LOB a good diversifier for ABCB?
No: a correlation of 0.80 means ABCB and LOB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.80 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-lob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-lob/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABCB correlations · LOB correlations
