ASB vs WTFC: Correlation
How closely do Associated Banc-Corp (ASB) and Wintrust Financial Corporation (WTFC) trade together? Their weekly returns over three years give a correlation of 0.90, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ASB and WTFC?
Across a 3-year window, the weekly returns of ASB and WTFC correlate at 0.90, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.87 lands near the 3-year figure. Stretching to 5 years gives 0.88, with an annualized covariance of 722.2 %².
By 3-year correlation, WTFC places #5 of the 47 assets tracked against ASB. Over the last 12 months ASB came out ahead by 5.8 percentage points (+18.5% against +12.7%).
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 WTFC: side by side
| ASB (Associated Banc-Corp) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +18.5% | +12.7% |
| 5-year return | +82.7% | +127.7% |
| Volatility (ann.) | 29.0% | 27.6% |
| Beta vs S&P 500 | 1.03 | 1.06 |
| Max drawdown (3Y) | -31.6% | -31.0% |
| Market cap | $5.8B | $10.3B |
| P/E (trailing) | 10.8 | 12.3 |
| Dividend yield | 3.08% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ASB | WTFC |
|---|---|---|
| 2022 | +6.0% | -5.5% |
| 2023 | -2.9% | +12.0% |
| 2024 | +16.2% | +36.8% |
| 2025 | +11.8% | +13.9% |
| 2026 | +21.7% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ASB and WTFC good diversifiers for each other?
No: a correlation of 0.90 means ASB and WTFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between ASB and WTFC?
Using weekly returns as of 2026-08-27: 0.90 over 3 years, with 0.87 over the last year and 0.88 over 5 years.
Is WTFC a good diversifier for ASB?
No: a correlation of 0.90 means ASB and WTFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.90 mean?
A reading of 0.90 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ASB correlations · WTFC correlations
