AUB vs WNEB: Correlation
Measured on weekly returns over the past three years, Atlantic Union Bankshares Corporation (AUB) and Western New England Bancorp, Inc. (WNEB) carry a correlation of 0.67, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and WNEB?
Across a 3-year window, the weekly returns of AUB and WNEB correlate at 0.67, strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 681.2 %².
Among the 50 assets we track against AUB, WNEB ranks #29 by 3-year correlation. The trailing year gives AUB the advantage: +19.0% versus +11.9%, a 7.1-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 WNEB: side by side
| AUB (Atlantic Union Bankshares Corporation) | WNEB (Western New England Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +11.9% |
| 5-year return | +33.7% | +85.9% |
| Volatility (ann.) | 31.5% | 32.1% |
| Beta vs S&P 500 | 1.07 | 0.66 |
| Max drawdown (3Y) | -44.7% | -33.3% |
| Market cap | $5.8B | $0.3B |
| P/E (trailing) | 11.9 | 16.5 |
| Dividend yield | 3.56% | 2.03% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | WNEB |
|---|---|---|
| 2022 | -2.6% | +11.0% |
| 2023 | +8.1% | -1.1% |
| 2024 | +7.5% | +6.0% |
| 2025 | -2.7% | +40.9% |
| 2026 | +18.9% | +10.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and WNEB good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AUB and WNEB?
The AUB/WNEB correlation stands at 0.67 on a 3-year window (1 year: 0.66, 5 years: 0.62), computed from weekly returns as of 2026-08-27.
Is WNEB a good diversifier for AUB?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 mean?
On the −1 to +1 scale, 0.67 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aub-vs-wneb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aub-vs-wneb/)
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Related comparisons
Hubs: AUB correlations · WNEB correlations
