ASB vs SLVM: Correlation
How closely do Associated Banc-Corp (ASB) and Sylvamo Corporation (SLVM) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASB and SLVM?
Across a 3-year window, the weekly returns of ASB and SLVM correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.45, with an annualized covariance of 562.6 %².
Within ASB's tracked universe of 47 assets, SLVM comes in at #40 by 3-year correlation. The last year tells two different stories: ASB led by 34.0 percentage points, +18.5% for ASB against -15.5% for SLVM.
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 SLVM: side by side
| ASB (Associated Banc-Corp) | SLVM (Sylvamo Corporation) | |
|---|---|---|
| 1-year return | +18.5% | -15.5% |
| 5-year return | +82.7% | +65.7% |
| Volatility (ann.) | 29.0% | 38.0% |
| Beta vs S&P 500 | 1.03 | 0.92 |
| Max drawdown (3Y) | -31.6% | -60.6% |
| Market cap | $5.8B | $1.5B |
| P/E (trailing) | 10.8 | 19.6 |
| Dividend yield | 3.08% | 4.91% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASB | SLVM |
|---|---|---|
| 2022 | +6.0% | +75.3% |
| 2023 | -2.9% | +4.2% |
| 2024 | +16.2% | +64.7% |
| 2025 | +11.8% | -37.1% |
| 2026 | +21.7% | -21.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and SLVM good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ASB and SLVM?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.50 over the last year and 0.45 over 5 years.
Is SLVM a good diversifier for ASB?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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-slvm.json
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Related comparisons
Hubs: ASB correlations · SLVM correlations
