AUB vs PAHC: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and Phibro Animal Health Corporation (PAHC) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and PAHC?
On 3 years of weekly data the AUB/PAHC correlation comes out at 0.46, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.32 versus 0.46 over 3 years. The 5-year figure is 0.44, and annualized covariance runs at 773.4 %².
By 3-year correlation, PAHC places #43 of the 50 assets tracked against AUB. Neither side won the trailing year by much: +19.0% against +14.3%. Note the risk asymmetry: PAHC runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 PAHC: side by side
| AUB (Atlantic Union Bankshares Corporation) | PAHC (Phibro Animal Health Corporation) | |
|---|---|---|
| 1-year return | +19.0% | +14.3% |
| 5-year return | +33.7% | +73.3% |
| Volatility (ann.) | 31.5% | 53.5% |
| Beta vs S&P 500 | 1.07 | 0.79 |
| Max drawdown (3Y) | -44.7% | -52.1% |
| Market cap | $5.8B | $1.5B |
| P/E (trailing) | 11.9 | 15.5 |
| Dividend yield | 3.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | PAHC |
|---|---|---|
| 2022 | -2.6% | -32.3% |
| 2023 | +8.1% | -10.4% |
| 2024 | +7.5% | +86.3% |
| 2025 | -2.7% | +80.8% |
| 2026 | +18.9% | -2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and PAHC good diversifiers for each other?
Reasonably. At 0.46, AUB and PAHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AUB and PAHC?
As of 2026-08-27, the correlation of weekly returns between AUB and PAHC is 0.46 over 3 years, 0.32 over 1 year and 0.44 over 5 years.
Is PAHC a good diversifier for AUB?
Reasonably. At 0.46, AUB and PAHC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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
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[](https://www.pairbook.io/pair/aub-vs-pahc/)
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Related comparisons
Hubs: AUB correlations · PAHC correlations
