ALRS vs AUB: Correlation
Alerus Financial Corporation (ALRS) and Atlantic Union Bankshares Corporation (AUB) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALRS and AUB?
On 3 years of weekly data the ALRS/AUB correlation comes out at 0.74, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.64, and annualized covariance runs at 732.3 %².
Among the 16 assets we track against ALRS, AUB ranks #5 by 3-year correlation. The last year tells two different stories: ALRS led by 34.2 percentage points, +53.2% for ALRS against +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.
ALRS vs AUB: side by side
| ALRS (Alerus Financial Corporation) | AUB (Atlantic Union Bankshares Corporation) | |
|---|---|---|
| 1-year return | +53.2% | +19.0% |
| 5-year return | +33.2% | +33.7% |
| Volatility (ann.) | 31.4% | 31.5% |
| Beta vs S&P 500 | 0.88 | 1.07 |
| Max drawdown (3Y) | -32.5% | -44.7% |
| Market cap | $0.8B | $5.8B |
| P/E (trailing) | 30.8 | 11.9 |
| Dividend yield | 2.56% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ALRS | AUB |
|---|---|---|
| 2022 | -17.9% | -2.6% |
| 2023 | -0.2% | +8.1% |
| 2024 | -10.7% | +7.5% |
| 2025 | +21.7% | -2.7% |
| 2026 | +50.0% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALRS and AUB good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALRS and AUB?
Using weekly returns as of 2026-08-27: 0.74 over 3 years, with 0.76 over the last year and 0.64 over 5 years.
Is AUB a good diversifier for ALRS?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ALRS correlations · AUB correlations
