AUB vs PNC: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and PNC Financial Services (PNC) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and PNC?
Across a 3-year window, the weekly returns of AUB and PNC correlate at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.90) sits close to the 3-year figure. Stretching to 5 years gives 0.74, with an annualized covariance of 690.7 %².
By 3-year correlation, PNC places #13 of the 50 assets tracked against AUB. Their 12-month results are close: +19.0% for AUB against +22.1% for PNC.
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 PNC: side by side
| AUB (Atlantic Union Bankshares Corporation) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +19.0% | +22.1% |
| 5-year return | +33.7% | +53.5% |
| Volatility (ann.) | 31.5% | 25.6% |
| Beta vs S&P 500 | 1.07 | 0.92 |
| Max drawdown (3Y) | -44.7% | -29.8% |
| Market cap | $5.8B | $97.1B |
| P/E (trailing) | 11.9 | 13.5 |
| Dividend yield | 3.56% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AUB | PNC |
|---|---|---|
| 2022 | -2.6% | -18.6% |
| 2023 | +8.1% | +2.7% |
| 2024 | +7.5% | +29.4% |
| 2025 | -2.7% | +12.2% |
| 2026 | +18.9% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and PNC good diversifiers for each other?
No: a correlation of 0.86 means AUB and PNC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and PNC?
The AUB/PNC correlation stands at 0.86 on a 3-year window (1 year: 0.90, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is PNC a good diversifier for AUB?
No: a correlation of 0.86 means AUB and PNC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.86 mean?
A reading of 0.86 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-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUB correlations · PNC correlations
