ATLC vs SYF: Correlation
How closely do Atlanticus Holdings Corporation (ATLC) and Synchrony Financial (SYF) trade together? Their weekly returns over three years give a correlation of 0.60, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLC and SYF?
Over the past 3 years, ATLC and SYF moved with a correlation of 0.60, which is strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.60 over 3. Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 935.7 %².
Few assets follow ATLC as closely as SYF, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months ATLC outperformed by 33.1 percentage points (+40.4% for ATLC against +7.3% for SYF). One caveat on sizing: ATLC is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ATLC vs SYF: side by side
| ATLC (Atlanticus Holdings Corporation) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | +40.4% | +7.3% |
| 5-year return | +58.2% | +81.0% |
| Volatility (ann.) | 49.7% | 31.6% |
| Beta vs S&P 500 | 1.55 | 1.28 |
| Max drawdown (3Y) | -39.5% | -37.7% |
| Market cap | $1.4B | $26.0B |
| P/E (trailing) | 12.1 | 8.2 |
| Dividend yield | 0.00% | 1.50% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ATLC | SYF |
|---|---|---|
| 2022 | -63.3% | -27.4% |
| 2023 | +47.6% | +19.8% |
| 2024 | +44.2% | +74.0% |
| 2025 | +20.0% | +30.6% |
| 2026 | +39.0% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLC and SYF good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ATLC and SYF?
The ATLC/SYF correlation stands at 0.60 on a 3-year window (1 year: 0.65, 5 years: 0.59), computed from weekly returns as of 2026-08-27.
Is SYF a good diversifier for ATLC?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 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
$ curl https://www.pairbook.io/api/v1/pairs/atlc-vs-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atlc-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ATLC correlations · SYF correlations
