AUB vs FBNC: Correlation
Atlantic Union Bankshares Corporation (AUB) and First Bancorp (FBNC) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and FBNC?
Over the past 3 years, AUB and FBNC moved with a correlation of 0.87, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.79 lands near the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 823.4 %².
Within AUB's tracked universe of 50 assets, FBNC comes in at #10 by 3-year correlation. Neither side won the trailing year by much: +19.0% against +16.9%.
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 FBNC: side by side
| AUB (Atlantic Union Bankshares Corporation) | FBNC (First Bancorp) | |
|---|---|---|
| 1-year return | +19.0% | +16.9% |
| 5-year return | +33.7% | +72.4% |
| Volatility (ann.) | 31.5% | 30.0% |
| Beta vs S&P 500 | 1.07 | 0.89 |
| Max drawdown (3Y) | -44.7% | -26.0% |
| Market cap | $5.8B | $2.6B |
| P/E (trailing) | 11.9 | 19.9 |
| Dividend yield | 3.56% | 1.47% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | FBNC |
|---|---|---|
| 2022 | -2.6% | -4.2% |
| 2023 | +8.1% | -11.2% |
| 2024 | +7.5% | +21.7% |
| 2025 | -2.7% | +17.8% |
| 2026 | +18.9% | +26.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and FBNC good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AUB and FBNC?
The AUB/FBNC correlation stands at 0.87 on a 3-year window (1 year: 0.79, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is FBNC a good diversifier for AUB?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 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-fbnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-fbnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUB correlations · FBNC correlations
