AUB vs WSBC: Correlation
How closely do Atlantic Union Bankshares Corporation (AUB) and WesBanco, Inc. (WSBC) trade together? Their weekly returns over three years give a correlation of 0.88, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUB and WSBC?
Across a 3-year window, the weekly returns of AUB and WSBC correlate at 0.88, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.88 over 1 year against 0.88 over 3. Stretching to 5 years gives 0.86, with an annualized covariance of 784.0 %².
By 3-year correlation, WSBC places #9 of the 50 assets tracked against AUB. Over the last 12 months WSBC came out ahead by 9.6 percentage points (+19.0% against +28.6%).
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 WSBC: side by side
| AUB (Atlantic Union Bankshares Corporation) | WSBC (WesBanco, Inc.) | |
|---|---|---|
| 1-year return | +19.0% | +28.6% |
| 5-year return | +33.7% | +48.2% |
| Volatility (ann.) | 31.5% | 28.3% |
| Beta vs S&P 500 | 1.07 | 0.77 |
| Max drawdown (3Y) | -44.7% | -26.9% |
| Market cap | $5.8B | $3.9B |
| P/E (trailing) | 11.9 | 11.5 |
| Dividend yield | 3.56% | 3.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUB | WSBC |
|---|---|---|
| 2022 | -2.6% | +9.9% |
| 2023 | +8.1% | -10.9% |
| 2024 | +7.5% | +8.8% |
| 2025 | -2.7% | +7.0% |
| 2026 | +18.9% | +24.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUB and WSBC good diversifiers for each other?
No: a correlation of 0.88 means AUB and WSBC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between AUB and WSBC?
The AUB/WSBC correlation stands at 0.88 on a 3-year window (1 year: 0.88, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is WSBC a good diversifier for AUB?
No: a correlation of 0.88 means AUB and WSBC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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-wsbc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aub-vs-wsbc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AUB correlations · WSBC correlations
