AUB vs UMBF: Correlation
Atlantic Union Bankshares Corporation (AUB) and UMB Financial Corporation (UMBF) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and UMBF?
On 3 years of weekly data the AUB/UMBF correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.86) sits close to the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 776.3 %².
By 3-year correlation, UMBF places #12 of the 50 assets tracked against AUB. Their 12-month results are close: +19.0% for AUB against +19.2% for UMBF.
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 UMBF: side by side
| AUB (Atlantic Union Bankshares Corporation) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | +19.0% | +19.2% |
| 5-year return | +33.7% | +73.4% |
| Volatility (ann.) | 31.5% | 28.4% |
| Beta vs S&P 500 | 1.07 | 1.01 |
| Max drawdown (3Y) | -44.7% | -31.8% |
| Market cap | $5.8B | $11.0B |
| P/E (trailing) | 11.9 | 11.9 |
| Dividend yield | 3.56% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | UMBF |
|---|---|---|
| 2022 | -2.6% | -20.0% |
| 2023 | +8.1% | +2.2% |
| 2024 | +7.5% | +37.3% |
| 2025 | -2.7% | +3.4% |
| 2026 | +18.9% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and UMBF good diversifiers for each other?
No: a correlation of 0.87 means AUB and UMBF tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and UMBF?
Using weekly returns as of 2026-08-27: 0.87 over 3 years, with 0.86 over the last year and 0.72 over 5 years.
Is UMBF a good diversifier for AUB?
No: a correlation of 0.87 means AUB and UMBF tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.87 mean?
A reading of 0.87 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-umbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aub-vs-umbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AUB correlations · UMBF correlations
