ASB vs DLX: Correlation
How closely do Associated Banc-Corp (ASB) and Deluxe Corporation (DLX) 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 ASB and DLX?
On 3 years of weekly data the ASB/DLX correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.52) sits close to the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 682.4 %².
Among the 47 assets we track against ASB, DLX ranks #34 by 3-year correlation. On 12-month performance DLX holds a 6.8-point edge, +18.5% against +25.3%.
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.
ASB vs DLX: side by side
| ASB (Associated Banc-Corp) | DLX (Deluxe Corporation) | |
|---|---|---|
| 1-year return | +18.5% | +25.3% |
| 5-year return | +82.7% | -19.3% |
| Volatility (ann.) | 29.0% | 39.8% |
| Beta vs S&P 500 | 1.03 | 1.08 |
| Max drawdown (3Y) | -31.6% | -40.9% |
| Market cap | $5.8B | $1.1B |
| P/E (trailing) | 10.8 | 10.8 |
| Dividend yield | 3.08% | 5.08% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASB | DLX |
|---|---|---|
| 2022 | +6.0% | -44.4% |
| 2023 | -2.9% | +34.9% |
| 2024 | +16.2% | +11.3% |
| 2025 | +11.8% | +5.6% |
| 2026 | +21.7% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and DLX good diversifiers for each other?
Only partially. A correlation of 0.59 means ASB and DLX 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 ASB and DLX?
The ASB/DLX correlation stands at 0.59 on a 3-year window (1 year: 0.52, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is DLX a good diversifier for ASB?
Only partially. A correlation of 0.59 means ASB and DLX share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.59 mean?
A reading of 0.59 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/asb-vs-dlx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asb-vs-dlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASB correlations · DLX correlations
