AUB vs PDLB: Correlation
Measured on weekly returns over the past three years, Atlantic Union Bankshares Corporation (AUB) and Ponce Financial Group, Inc. (PDLB) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and PDLB?
Across a 3-year window, the weekly returns of AUB and PDLB correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.64) sits close to the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 585.8 %².
Within AUB's tracked universe of 50 assets, PDLB comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PDLB outperformed by 17.4 percentage points (+19.0% for AUB against +36.4% for PDLB).
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 PDLB: side by side
| AUB (Atlantic Union Bankshares Corporation) | PDLB (Ponce Financial Group, Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +36.4% |
| 5-year return | +33.7% | +106.7% |
| Volatility (ann.) | 31.5% | 25.5% |
| Beta vs S&P 500 | 1.07 | 0.76 |
| Max drawdown (3Y) | -44.7% | -21.5% |
| Market cap | $5.8B | $0.5B |
| P/E (trailing) | 11.9 | 14.2 |
| Dividend yield | 3.56% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | PDLB |
|---|---|---|
| 2022 | -2.6% | -10.3% |
| 2023 | +8.1% | +4.7% |
| 2024 | +7.5% | +33.2% |
| 2025 | -2.7% | +25.8% |
| 2026 | +18.9% | +24.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and PDLB good diversifiers for each other?
Only partially. A correlation of 0.73 means AUB and PDLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AUB and PDLB?
As of 2026-08-27, the correlation of weekly returns between AUB and PDLB is 0.73 over 3 years, 0.64 over 1 year and 0.64 over 5 years.
Is PDLB a good diversifier for AUB?
Only partially. A correlation of 0.73 means AUB and PDLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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.
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Related comparisons
Hubs: AUB correlations · PDLB correlations
