AUB vs TFC: Correlation
Measured on weekly returns over the past three years, Atlantic Union Bankshares Corporation (AUB) and Truist Financial (TFC) carry a correlation of 0.84, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and TFC?
Over the past 3 years, AUB and TFC moved with a correlation of 0.84, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.83 over 1 year against 0.84 over 3. Over 5 years the correlation is 0.72, and the annualized covariance of weekly returns is 738.6 %².
Within AUB's tracked universe of 50 assets, TFC comes in at #18 by 3-year correlation. Over the last 12 months AUB came out ahead by 6.9 percentage points (+19.0% against +12.1%).
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 TFC: side by side
| AUB (Atlantic Union Bankshares Corporation) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +19.0% | +12.1% |
| 5-year return | +33.7% | +12.7% |
| Volatility (ann.) | 31.5% | 28.0% |
| Beta vs S&P 500 | 1.07 | 1.07 |
| Max drawdown (3Y) | -44.7% | -26.9% |
| Market cap | $5.8B | $61.4B |
| P/E (trailing) | 11.9 | 11.6 |
| Dividend yield | 3.56% | 4.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AUB | TFC |
|---|---|---|
| 2022 | -2.6% | -23.5% |
| 2023 | +8.1% | -8.6% |
| 2024 | +7.5% | +23.7% |
| 2025 | -2.7% | +19.0% |
| 2026 | +18.9% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and TFC good diversifiers for each other?
No: a correlation of 0.84 means AUB and TFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and TFC?
As of 2026-08-27, the correlation of weekly returns between AUB and TFC is 0.84 over 3 years, 0.83 over 1 year and 0.72 over 5 years.
Is TFC a good diversifier for AUB?
No: a correlation of 0.84 means AUB and TFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.84 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aub-vs-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUB correlations · TFC correlations
