ASB vs TBBB: Correlation
Associated Banc-Corp (ASB) and BBB Foods Inc. Class A (TBBB) show a moderate relationship: their 3-year correlation of weekly returns is 0.42.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASB and TBBB?
On 3 years of weekly data the ASB/TBBB correlation comes out at 0.42, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at 501.3 %².
Among the 47 assets we track against ASB, TBBB sits near the bottom by co-movement, at rank #43. Correlation aside, the last 12 months split them widely, with TBBB ahead by 67.4 points (+18.5% versus +85.9%).
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 TBBB: side by side
| ASB (Associated Banc-Corp) | TBBB (BBB Foods Inc. Class A) | |
|---|---|---|
| 1-year return | +18.5% | +85.9% |
| 5-year return | +82.7% | n/a |
| Volatility (ann.) | 29.0% | 41.8% |
| Beta vs S&P 500 | 1.03 | 0.96 |
| Max drawdown (3Y) | -31.6% | -29.6% |
| Market cap | $5.8B | $5.9B |
| P/E (trailing) | 10.8 | – |
| Dividend yield | 3.08% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASB | TBBB |
|---|---|---|
| 2022 | +6.0% | – |
| 2023 | -2.9% | – |
| 2024 | +16.2% | – |
| 2025 | +11.8% | +18.1% |
| 2026 | +21.7% | +45.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and TBBB good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ASB and TBBB?
Using weekly returns as of 2026-08-27: 0.42 over 3 years, with 0.46 over the last year and n/a over 5 years.
Is TBBB a good diversifier for ASB?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
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Related comparisons
Hubs: ASB correlations · TBBB correlations
