AUB vs CFG: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and Citizens Financial Group (CFG) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and CFG?
Across a 3-year window, the weekly returns of AUB and CFG correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 857.0 %².
Within AUB's tracked universe of 50 assets, CFG comes in at #6 by 3-year correlation. The last year tells two different stories: CFG led by 20.3 percentage points, +19.0% for AUB against +39.3% for CFG.
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 CFG: side by side
| AUB (Atlantic Union Bankshares Corporation) | CFG (Citizens Financial Group) | |
|---|---|---|
| 1-year return | +19.0% | +39.3% |
| 5-year return | +33.7% | +98.3% |
| Volatility (ann.) | 31.5% | 31.0% |
| Beta vs S&P 500 | 1.07 | 1.16 |
| Max drawdown (3Y) | -44.7% | -29.1% |
| Market cap | $5.8B | $29.6B |
| P/E (trailing) | 11.9 | 15.4 |
| Dividend yield | 3.56% | 2.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AUB | CFG |
|---|---|---|
| 2022 | -2.6% | -13.4% |
| 2023 | +8.1% | -11.0% |
| 2024 | +7.5% | +38.0% |
| 2025 | -2.7% | +38.6% |
| 2026 | +18.9% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and CFG good diversifiers for each other?
No. With a correlation of 0.88, AUB and CFG move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AUB and CFG?
The AUB/CFG correlation stands at 0.88 on a 3-year window (1 year: 0.88, 5 years: 0.79), computed from weekly returns as of 2026-08-27.
Is CFG a good diversifier for AUB?
No. With a correlation of 0.88, AUB and CFG move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.88 mean?
A reading of 0.88 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aub-vs-cfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aub-vs-cfg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUB correlations · CFG correlations
