AUB vs FULT: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and Fulton Financial Corporation (FULT) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and FULT?
Across a 3-year window, the weekly returns of AUB and FULT correlate at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 847.9 %².
FULT is one of the assets that tracks AUB most closely: it ranks #3 out of the 50 assets we track against AUB. The trailing year gives FULT the advantage: +19.0% versus +24.1%, a 5.1-point spread.
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 FULT: side by side
| AUB (Atlantic Union Bankshares Corporation) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +19.0% | +24.1% |
| 5-year return | +33.7% | +85.0% |
| Volatility (ann.) | 31.5% | 30.3% |
| Beta vs S&P 500 | 1.07 | 1.03 |
| Max drawdown (3Y) | -44.7% | -29.9% |
| Market cap | $5.8B | $4.5B |
| P/E (trailing) | 11.9 | 11.4 |
| Dividend yield | 3.56% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | FULT |
|---|---|---|
| 2022 | -2.6% | +3.1% |
| 2023 | +8.1% | +2.5% |
| 2024 | +7.5% | +21.9% |
| 2025 | -2.7% | +4.3% |
| 2026 | +18.9% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and FULT good diversifiers for each other?
No: a correlation of 0.89 means AUB and FULT tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and FULT?
As of 2026-08-27, the correlation of weekly returns between AUB and FULT is 0.89 over 3 years, 0.89 over 1 year and 0.85 over 5 years.
Is FULT a good diversifier for AUB?
No: a correlation of 0.89 means AUB and FULT tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 mean?
A reading of 0.89 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: AUB correlations · FULT correlations
