AUB vs EBC: Correlation
Atlantic Union Bankshares Corporation (AUB) and Eastern Bankshares, Inc. (EBC) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and EBC?
Across a 3-year window, the weekly returns of AUB and EBC correlate at 0.85, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.85 over 3. Stretching to 5 years gives 0.74, with an annualized covariance of 760.8 %².
Within AUB's tracked universe of 50 assets, EBC comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EBC ahead by 15.8 points (+19.0% versus +34.8%).
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 EBC: side by side
| AUB (Atlantic Union Bankshares Corporation) | EBC (Eastern Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +34.8% |
| 5-year return | +33.7% | +30.6% |
| Volatility (ann.) | 31.5% | 28.3% |
| Beta vs S&P 500 | 1.07 | 0.84 |
| Max drawdown (3Y) | -44.7% | -25.0% |
| Market cap | $5.8B | $5.1B |
| P/E (trailing) | 11.9 | 12.5 |
| Dividend yield | 3.56% | 2.41% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | EBC |
|---|---|---|
| 2022 | -2.6% | -12.7% |
| 2023 | +8.1% | -15.0% |
| 2024 | +7.5% | +25.1% |
| 2025 | -2.7% | +10.1% |
| 2026 | +18.9% | +23.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and EBC good diversifiers for each other?
No: a correlation of 0.85 means AUB and EBC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and EBC?
The AUB/EBC correlation stands at 0.85 on a 3-year window (1 year: 0.86, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is EBC a good diversifier for AUB?
No: a correlation of 0.85 means AUB and EBC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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
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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aub-vs-ebc/)
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Related comparisons
Hubs: AUB correlations · EBC correlations
