AUB vs CFR: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and Cullen/Frost Bankers, Inc. (CFR) trade together? Their weekly returns over three years give a correlation of 0.82, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and CFR?
Over the past 3 years, AUB and CFR moved with a correlation of 0.82, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.84) sits close to the 3-year figure. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 664.8 %².
By 3-year correlation, CFR places #19 of the 50 assets tracked against AUB. Over the last 12 months CFR came out ahead by 7.1 percentage points (+19.0% against +26.1%).
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 CFR: side by side
| AUB (Atlantic Union Bankshares Corporation) | CFR (Cullen/Frost Bankers, Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +26.1% |
| 5-year return | +33.7% | +64.2% |
| Volatility (ann.) | 31.5% | 25.6% |
| Beta vs S&P 500 | 1.07 | 0.76 |
| Max drawdown (3Y) | -44.7% | -26.5% |
| Market cap | $5.8B | $10.0B |
| P/E (trailing) | 11.9 | 15.4 |
| Dividend yield | 3.56% | 2.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | CFR |
|---|---|---|
| 2022 | -2.6% | +8.7% |
| 2023 | +8.1% | -16.1% |
| 2024 | +7.5% | +27.9% |
| 2025 | -2.7% | -2.8% |
| 2026 | +18.9% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and CFR good diversifiers for each other?
No: a correlation of 0.82 means AUB and CFR tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and CFR?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.84 over the last year and 0.71 over 5 years.
Is CFR a good diversifier for AUB?
No: a correlation of 0.82 means AUB and CFR tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.82 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/aub-vs-cfr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aub-vs-cfr/)
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Related comparisons
Hubs: AUB correlations · CFR correlations
