AUB vs RNST: Correlation
Measured on weekly returns over the past three years, Atlantic Union Bankshares Corporation (AUB) and Renasant Corporation (RNST) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and RNST?
Across a 3-year window, the weekly returns of AUB and RNST correlate at 0.89, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.89 over 3. Stretching to 5 years gives 0.84, with an annualized covariance of 855.2 %².
By 3-year correlation, RNST places #4 of the 50 assets tracked against AUB. On 12-month performance AUB holds a 11.9-point edge, +19.0% against +7.1%.
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 RNST: side by side
| AUB (Atlantic Union Bankshares Corporation) | RNST (Renasant Corporation) | |
|---|---|---|
| 1-year return | +19.0% | +7.1% |
| 5-year return | +33.7% | +34.8% |
| Volatility (ann.) | 31.5% | 30.4% |
| Beta vs S&P 500 | 1.07 | 0.95 |
| Max drawdown (3Y) | -44.7% | -29.3% |
| Market cap | $5.8B | $3.8B |
| P/E (trailing) | 11.9 | 12.1 |
| Dividend yield | 3.56% | 2.24% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | RNST |
|---|---|---|
| 2022 | -2.6% | +1.7% |
| 2023 | +8.1% | -7.7% |
| 2024 | +7.5% | +9.1% |
| 2025 | -2.7% | +1.0% |
| 2026 | +18.9% | +18.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and RNST good diversifiers for each other?
No: a correlation of 0.89 means AUB and RNST tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and RNST?
The AUB/RNST correlation stands at 0.89 on a 3-year window (1 year: 0.89, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is RNST a good diversifier for AUB?
No: a correlation of 0.89 means AUB and RNST tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 mean?
A reading of 0.89 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
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Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: AUB correlations · RNST correlations
