AUBN vs FTEK: Correlation
How closely do Auburn National Bancorporation, Inc. (AUBN) and Fuel Tech, Inc. (FTEK) trade together? Their weekly returns over three years give a correlation of 0.29, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUBN and FTEK?
Across a 3-year window, the weekly returns of AUBN and FTEK correlate at 0.29, weak. Recent behaviour matches the longer record: 0.24 over 1 year against 0.29 over 3. Stretching to 5 years gives 0.21, with an annualized covariance of 532.9 %².
In AUBN's tracked universe of 12 assets, FTEK sits right near the top at #3. Their recent paths diverged sharply: over the last 12 months AUBN outperformed by 59.9 percentage points (+10.1% for AUBN against -49.8% for FTEK). Note the risk asymmetry: FTEK runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AUBN vs FTEK: side by side
| AUBN (Auburn National Bancorporation, Inc.) | FTEK (Fuel Tech, Inc.) | |
|---|---|---|
| 1-year return | +10.1% | -49.8% |
| 5-year return | -4.9% | -21.1% |
| Volatility (ann.) | 31.8% | 58.1% |
| Beta vs S&P 500 | 0.04 | 0.70 |
| Max drawdown (3Y) | -24.5% | -67.2% |
| Market cap | $0.1B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.06% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUBN | FTEK |
|---|---|---|
| 2022 | -26.0% | -9.3% |
| 2023 | -2.8% | -17.3% |
| 2024 | +16.3% | +0.0% |
| 2025 | +20.2% | +48.6% |
| 2026 | -0.2% | -6.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUBN and FTEK good diversifiers for each other?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between AUBN and FTEK?
The AUBN/FTEK correlation stands at 0.29 on a 3-year window (1 year: 0.24, 5 years: 0.21), computed from weekly returns as of 2026-08-27.
Is FTEK a good diversifier for AUBN?
A fair diversifier. At 0.29, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.29 mean?
On the −1 to +1 scale, 0.29 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.
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Related comparisons
Hubs: AUBN correlations · FTEK correlations
