AUB vs LOB: Correlation
Atlantic Union Bankshares Corporation (AUB) and Live Oak Bancshares, Inc. (LOB) show a very strong relationship: their 3-year correlation of weekly returns is 0.82.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and LOB?
On 3 years of weekly data the AUB/LOB correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.80) sits close to the 3-year figure. The 5-year figure is 0.67, and annualized covariance runs at 1096.4 %².
By 3-year correlation, LOB places #20 of the 50 assets tracked against AUB. The last year tells two different stories: AUB led by 15.2 percentage points, +19.0% for AUB against +3.8% for LOB.
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 LOB: side by side
| AUB (Atlantic Union Bankshares Corporation) | LOB (Live Oak Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +3.8% |
| 5-year return | +33.7% | -33.6% |
| Volatility (ann.) | 31.5% | 42.3% |
| Beta vs S&P 500 | 1.07 | 1.11 |
| Max drawdown (3Y) | -44.7% | -53.8% |
| Market cap | $5.8B | $1.9B |
| P/E (trailing) | 11.9 | 14.0 |
| Dividend yield | 3.56% | 0.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | LOB |
|---|---|---|
| 2022 | -2.6% | -65.3% |
| 2023 | +8.1% | +51.3% |
| 2024 | +7.5% | -12.8% |
| 2025 | -2.7% | -12.8% |
| 2026 | +18.9% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and LOB good diversifiers for each other?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between AUB and LOB?
As of 2026-08-27, the correlation of weekly returns between AUB and LOB is 0.82 over 3 years, 0.80 over 1 year and 0.67 over 5 years.
Is LOB a good diversifier for AUB?
Not really. At 0.82, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.82 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-lob.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-lob/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUB correlations · LOB correlations
