AOMR vs AUB: Correlation
How closely do Angel Oak Mortgage REIT, Inc. (AOMR) and Atlantic Union Bankshares Corporation (AUB) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOMR and AUB?
On 3 years of weekly data the AOMR/AUB correlation comes out at 0.52, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. The 5-year figure is 0.33, and annualized covariance runs at 462.7 %².
Among the 13 assets we track against AOMR, AUB ranks #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AUB ahead by 18.1 points (+0.9% versus +19.0%).
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.
AOMR vs AUB: side by side
| AOMR (Angel Oak Mortgage REIT, Inc.) | AUB (Atlantic Union Bankshares Corporation) | |
|---|---|---|
| 1-year return | +0.9% | +19.0% |
| 5-year return | -9.4% | +33.7% |
| Volatility (ann.) | 28.0% | 31.5% |
| Beta vs S&P 500 | 0.54 | 1.07 |
| Max drawdown (3Y) | -37.2% | -44.7% |
| Market cap | $0.2B | $5.8B |
| P/E (trailing) | 11.3 | 11.9 |
| Dividend yield | 15.31% | 3.56% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOMR | AUB |
|---|---|---|
| 2022 | -67.3% | -2.6% |
| 2023 | +159.9% | +8.1% |
| 2024 | -1.9% | +7.5% |
| 2025 | +6.2% | -2.7% |
| 2026 | +8.9% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOMR and AUB good diversifiers for each other?
Only partially. A correlation of 0.52 means AOMR and AUB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AOMR and AUB?
As of 2026-08-27, the correlation of weekly returns between AOMR and AUB is 0.52 over 3 years, 0.57 over 1 year and 0.33 over 5 years.
Is AUB a good diversifier for AOMR?
Only partially. A correlation of 0.52 means AOMR and AUB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aomr-vs-aub.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aomr-vs-aub/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOMR correlations · AUB correlations
