AUB vs FITB: Correlation
Measured on weekly returns over the past three years, Atlantic Union Bankshares Corporation (AUB) and Fifth Third Bancorp (FITB) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and FITB?
Across a 3-year window, the weekly returns of AUB and FITB correlate at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Stretching to 5 years gives 0.76, with an annualized covariance of 788.8 %².
By 3-year correlation, FITB places #15 of the 50 assets tracked against AUB. On 12-month performance FITB holds a 5.6-point edge, +19.0% against +24.6%.
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 FITB: side by side
| AUB (Atlantic Union Bankshares Corporation) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +19.0% | +24.6% |
| 5-year return | +33.7% | +71.2% |
| Volatility (ann.) | 31.5% | 29.4% |
| Beta vs S&P 500 | 1.07 | 1.03 |
| Max drawdown (3Y) | -44.7% | -29.9% |
| Market cap | $5.8B | $49.7B |
| P/E (trailing) | 11.9 | 18.5 |
| Dividend yield | 3.56% | 2.90% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AUB | FITB |
|---|---|---|
| 2022 | -2.6% | -21.9% |
| 2023 | +8.1% | +10.4% |
| 2024 | +7.5% | +27.2% |
| 2025 | -2.7% | +14.8% |
| 2026 | +18.9% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and FITB good diversifiers for each other?
No. With a correlation of 0.85, AUB and FITB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AUB and FITB?
As of 2026-08-27, the correlation of weekly returns between AUB and FITB is 0.85 over 3 years, 0.88 over 1 year and 0.76 over 5 years.
Is FITB a good diversifier for AUB?
No. With a correlation of 0.85, AUB and FITB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 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-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUB correlations · FITB correlations
