AUB vs SFNC: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and Simmons First National Corporation (SFNC) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and SFNC?
Across a 3-year window, the weekly returns of AUB and SFNC correlate at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.87 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 794.3 %².
Within AUB's tracked universe of 50 assets, SFNC comes in at #11 by 3-year correlation. On 12-month performance AUB holds a 5.5-point edge, +19.0% against +13.5%.
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 SFNC: side by side
| AUB (Atlantic Union Bankshares Corporation) | SFNC (Simmons First National Corporation) | |
|---|---|---|
| 1-year return | +19.0% | +13.5% |
| 5-year return | +33.7% | -3.8% |
| Volatility (ann.) | 31.5% | 28.9% |
| Beta vs S&P 500 | 1.07 | 0.88 |
| Max drawdown (3Y) | -44.7% | -30.5% |
| Market cap | $5.8B | $3.3B |
| P/E (trailing) | 11.9 | – |
| Dividend yield | 3.56% | 3.75% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | SFNC |
|---|---|---|
| 2022 | -2.6% | -24.6% |
| 2023 | +8.1% | -4.0% |
| 2024 | +7.5% | +16.7% |
| 2025 | -2.7% | -11.3% |
| 2026 | +18.9% | +22.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and SFNC good diversifiers for each other?
No. With a correlation of 0.87, AUB and SFNC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AUB and SFNC?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.89 over the last year and 0.80 over 5 years.
Is SFNC a good diversifier for AUB?
No. With a correlation of 0.87, AUB and SFNC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 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 · SFNC correlations
