ASB vs SYF: Correlation
How closely do Associated Banc-Corp (ASB) and Synchrony Financial (SYF) trade together? Their weekly returns over three years give a correlation of 0.76, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASB and SYF?
Over the past 3 years, ASB and SYF moved with a correlation of 0.76, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.61 versus 0.76 over 3 years. Over 5 years the correlation is 0.68, and the annualized covariance of weekly returns is 699.0 %².
By 3-year correlation, SYF places #28 of the 47 assets tracked against ASB. On 12-month performance ASB holds a 11.2-point edge, +18.5% against +7.3%.
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 SYF: side by side
| ASB (Associated Banc-Corp) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | +18.5% | +7.3% |
| 5-year return | +82.7% | +81.0% |
| Volatility (ann.) | 29.0% | 31.6% |
| Beta vs S&P 500 | 1.03 | 1.28 |
| Max drawdown (3Y) | -31.6% | -37.7% |
| Market cap | $5.8B | $26.0B |
| P/E (trailing) | 10.8 | 8.2 |
| Dividend yield | 3.08% | 1.50% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ASB | SYF |
|---|---|---|
| 2022 | +6.0% | -27.4% |
| 2023 | -2.9% | +19.8% |
| 2024 | +16.2% | +74.0% |
| 2025 | +11.8% | +30.6% |
| 2026 | +21.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and SYF good diversifiers for each other?
Only partially. A correlation of 0.76 means ASB and SYF 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 SYF?
The ASB/SYF correlation stands at 0.76 on a 3-year window (1 year: 0.61, 5 years: 0.68), computed from weekly returns as of 2026-08-27.
Is SYF a good diversifier for ASB?
Only partially. A correlation of 0.76 means ASB and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/asb-vs-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/asb-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ASB correlations · SYF correlations
