AUB vs BCAL: Correlation
Measured on weekly returns over the past three years, Atlantic Union Bankshares Corporation (AUB) and California BanCorp (BCAL) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and BCAL?
Over the past 3 years, AUB and BCAL moved with a correlation of 0.71, which is strong. The past 12 months show a weaker link (0.57) than the 3-year average (0.71). Over 5 years the correlation is 0.57, and the annualized covariance of weekly returns is 597.1 %².
Among the 50 assets we track against AUB, BCAL ranks #26 by 3-year correlation. The trailing year gives BCAL the advantage: +19.0% versus +28.0%, a 9.0-point spread.
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.
AUB vs BCAL: side by side
| AUB (Atlantic Union Bankshares Corporation) | BCAL (California BanCorp) | |
|---|---|---|
| 1-year return | +19.0% | +28.0% |
| 5-year return | +33.7% | +52.2% |
| Volatility (ann.) | 31.5% | 26.5% |
| Beta vs S&P 500 | 1.07 | 0.82 |
| Max drawdown (3Y) | -44.7% | -32.3% |
| Market cap | $5.8B | $0.7B |
| P/E (trailing) | 11.9 | 11.6 |
| Dividend yield | 3.56% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | BCAL |
|---|---|---|
| 2022 | -2.6% | +12.3% |
| 2023 | +8.1% | +3.1% |
| 2024 | +7.5% | -4.7% |
| 2025 | -2.7% | +13.5% |
| 2026 | +18.9% | +15.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and BCAL good diversifiers for each other?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AUB and BCAL?
The AUB/BCAL correlation stands at 0.71 on a 3-year window (1 year: 0.57, 5 years: 0.57), computed from weekly returns as of 2026-08-27.
Is BCAL a good diversifier for AUB?
To a limited degree. At 0.71 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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/aub-vs-bcal.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-bcal/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUB correlations · BCAL correlations
