AUB vs TCBI: Correlation
Measured on weekly returns over the past three years, Atlantic Union Bankshares Corporation (AUB) and Texas Capital Bancshares, Inc. (TCBI) carry a correlation of 0.82, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and TCBI?
On 3 years of weekly data the AUB/TCBI correlation comes out at 0.82, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. The 5-year figure is 0.75, and annualized covariance runs at 722.4 %².
Among the 50 assets we track against AUB, TCBI ranks #22 by 3-year correlation. The trailing year gives AUB the advantage: +19.0% versus +12.8%, a 6.2-point spread.
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 TCBI: side by side
| AUB (Atlantic Union Bankshares Corporation) | TCBI (Texas Capital Bancshares, Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +12.8% |
| 5-year return | +33.7% | +47.7% |
| Volatility (ann.) | 31.5% | 28.1% |
| Beta vs S&P 500 | 1.07 | 0.81 |
| Max drawdown (3Y) | -44.7% | -31.7% |
| Market cap | $5.8B | $4.3B |
| P/E (trailing) | 11.9 | 12.8 |
| Dividend yield | 3.56% | 0.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | TCBI |
|---|---|---|
| 2022 | -2.6% | +0.1% |
| 2023 | +8.1% | +7.2% |
| 2024 | +7.5% | +21.0% |
| 2025 | -2.7% | +15.8% |
| 2026 | +18.9% | +8.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and TCBI good diversifiers for each other?
No. With a correlation of 0.82, AUB and TCBI move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between AUB and TCBI?
Using weekly returns as of 2026-08-27: 0.82 over 3 years, with 0.74 over the last year and 0.75 over 5 years.
Is TCBI a good diversifier for AUB?
No. With a correlation of 0.82, AUB and TCBI move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.82 mean?
A reading of 0.82 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-tcbi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-tcbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AUB correlations · TCBI correlations
