ABCB vs SLM: Correlation
How closely do Ameris Bancorp (ABCB) and SLM Corporation (SLM) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and SLM?
On 3 years of weekly data the ABCB/SLM correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.49) sits close to the 3-year figure. The 5-year figure is 0.50, and annualized covariance runs at 584.2 %².
Among the 49 assets we track against ABCB, SLM ranks #37 by 3-year correlation. The last year tells two different stories: ABCB led by 30.7 percentage points, +16.9% for ABCB against -13.8% for SLM.
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 SLM: side by side
| ABCB (Ameris Bancorp) | SLM (SLM Corporation) | |
|---|---|---|
| 1-year return | +16.9% | -13.8% |
| 5-year return | +86.9% | +62.3% |
| Volatility (ann.) | 29.7% | 33.1% |
| Beta vs S&P 500 | 1.06 | 0.96 |
| Max drawdown (3Y) | -29.5% | -45.1% |
| Market cap | $5.7B | $5.0B |
| P/E (trailing) | 15.5 | 7.5 |
| Dividend yield | 0.93% | 1.94% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | SLM |
|---|---|---|
| 2022 | -3.8% | -13.5% |
| 2023 | +14.3% | +18.7% |
| 2024 | +19.4% | +47.3% |
| 2025 | +20.1% | -0.2% |
| 2026 | +15.5% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and SLM good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ABCB and SLM?
The ABCB/SLM correlation stands at 0.59 on a 3-year window (1 year: 0.49, 5 years: 0.50), computed from weekly returns as of 2026-08-27.
Is SLM a good diversifier for ABCB?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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.
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Related comparisons
Hubs: ABCB correlations · SLM correlations
