ABCB vs VLY: Correlation
Ameris Bancorp (ABCB) and Valley National Bancorp (VLY) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and VLY?
Over the past 3 years, ABCB and VLY moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 823.6 %².
By 3-year correlation, VLY places #23 of the 49 assets tracked against ABCB. The last year tells two different stories: VLY led by 21.0 percentage points, +16.9% for ABCB against +37.9% for VLY.
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 VLY: side by side
| ABCB (Ameris Bancorp) | VLY (Valley National Bancorp) | |
|---|---|---|
| 1-year return | +16.9% | +37.9% |
| 5-year return | +86.9% | +32.9% |
| Volatility (ann.) | 29.7% | 32.8% |
| Beta vs S&P 500 | 1.06 | 0.93 |
| Max drawdown (3Y) | -29.5% | -39.5% |
| Market cap | $5.7B | $7.7B |
| P/E (trailing) | 15.5 | 11.9 |
| Dividend yield | 0.93% | 3.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ABCB | VLY |
|---|---|---|
| 2022 | -3.8% | -14.6% |
| 2023 | +14.3% | +0.7% |
| 2024 | +19.4% | -11.9% |
| 2025 | +20.1% | +34.8% |
| 2026 | +15.5% | +21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and VLY good diversifiers for each other?
No: a correlation of 0.84 means ABCB and VLY tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ABCB and VLY?
The ABCB/VLY correlation stands at 0.84 on a 3-year window (1 year: 0.83, 5 years: 0.83), computed from weekly returns as of 2026-08-27.
Is VLY a good diversifier for ABCB?
No: a correlation of 0.84 means ABCB and VLY tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 mean?
On the −1 to +1 scale, 0.84 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-vly.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-vly/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · VLY correlations
