AUB vs FXNC: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and First National Corporation (FXNC) trade together? Their weekly returns over three years give a correlation of 0.53, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and FXNC?
On 3 years of weekly data the AUB/FXNC correlation comes out at 0.53, moderate. The link has tightened recently: the 1-year correlation (0.75) runs above the 3-year figure (0.53). The 5-year figure is 0.42, and annualized covariance runs at 458.5 %².
Within AUB's tracked universe of 50 assets, FXNC comes in at #36 by 3-year correlation. The last year tells two different stories: FXNC led by 16.9 percentage points, +19.0% for AUB against +35.9% for FXNC.
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 FXNC: side by side
| AUB (Atlantic Union Bankshares Corporation) | FXNC (First National Corporation) | |
|---|---|---|
| 1-year return | +19.0% | +35.9% |
| 5-year return | +33.7% | +71.2% |
| Volatility (ann.) | 31.5% | 27.4% |
| Beta vs S&P 500 | 1.07 | 0.50 |
| Max drawdown (3Y) | -44.7% | -31.6% |
| Market cap | $5.8B | $0.3B |
| P/E (trailing) | 11.9 | 12.9 |
| Dividend yield | 3.56% | 2.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | FXNC |
|---|---|---|
| 2022 | -2.6% | -23.3% |
| 2023 | +8.1% | +31.5% |
| 2024 | +7.5% | +9.3% |
| 2025 | -2.7% | +12.7% |
| 2026 | +18.9% | +24.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and FXNC good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AUB and FXNC?
As of 2026-08-27, the correlation of weekly returns between AUB and FXNC is 0.53 over 3 years, 0.75 over 1 year and 0.42 over 5 years.
Is FXNC a good diversifier for AUB?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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
$ curl https://www.pairbook.io/api/v1/pairs/aub-vs-fxnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aub-vs-fxnc/)
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Related comparisons
Hubs: AUB correlations · FXNC correlations
