AUB vs CATY: Correlation
Atlantic Union Bankshares Corporation (AUB) and Cathay General Bancorp (CATY) show a very strong relationship: their 3-year correlation of weekly returns is 0.90.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and CATY?
Over the past 3 years, AUB and CATY moved with a correlation of 0.90, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.87) sits close to the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 757.9 %².
Few assets follow AUB as closely as CATY, which ranks #2 of 50 tracked partners. Over the last 12 months CATY came out ahead by 7.7 percentage points (+19.0% against +26.7%).
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.
AUB vs CATY: side by side
| AUB (Atlantic Union Bankshares Corporation) | CATY (Cathay General Bancorp) | |
|---|---|---|
| 1-year return | +19.0% | +26.7% |
| 5-year return | +33.7% | +83.2% |
| Volatility (ann.) | 31.5% | 26.8% |
| Beta vs S&P 500 | 1.07 | 0.82 |
| Max drawdown (3Y) | -44.7% | -29.7% |
| Market cap | $5.8B | $4.1B |
| P/E (trailing) | 11.9 | 12.1 |
| Dividend yield | 3.56% | 2.39% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | CATY |
|---|---|---|
| 2022 | -2.6% | -2.1% |
| 2023 | +8.1% | +13.5% |
| 2024 | +7.5% | +10.3% |
| 2025 | -2.7% | +4.6% |
| 2026 | +18.9% | +30.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and CATY good diversifiers for each other?
No. With a correlation of 0.90, AUB and CATY move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AUB and CATY?
As of 2026-08-27, the correlation of weekly returns between AUB and CATY is 0.90 over 3 years, 0.87 over 1 year and 0.84 over 5 years.
Is CATY a good diversifier for AUB?
No. With a correlation of 0.90, AUB and CATY move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 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.
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Related comparisons
Hubs: AUB correlations · CATY correlations
