BANR vs UNB: Correlation
Banner Corporation (BANR) and Union Bankshares, Inc. (UNB) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANR and UNB?
On 3 years of weekly data the BANR/UNB correlation comes out at 0.46, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.46 over 3 years. The 5-year figure is 0.38, and annualized covariance runs at 459.2 %².
Within BANR's tracked universe of 18 assets, UNB comes in at #11 by 3-year correlation. On 12-month performance BANR holds a 12.6-point edge, +7.1% against -5.5%.
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.
BANR vs UNB: side by side
| BANR (Banner Corporation) | UNB (Union Bankshares, Inc.) | |
|---|---|---|
| 1-year return | +7.1% | -5.5% |
| 5-year return | +46.1% | -7.4% |
| Volatility (ann.) | 28.8% | 34.7% |
| Beta vs S&P 500 | 0.80 | 0.57 |
| Max drawdown (3Y) | -25.4% | -40.1% |
| Market cap | $2.4B | $0.1B |
| P/E (trailing) | 11.6 | 9.1 |
| Dividend yield | 2.84% | 6.13% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BANR | UNB |
|---|---|---|
| 2022 | +7.2% | -15.4% |
| 2023 | -11.9% | +35.3% |
| 2024 | +29.5% | -0.7% |
| 2025 | -3.2% | -13.8% |
| 2026 | +14.6% | +3.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANR and UNB good diversifiers for each other?
Reasonably. At 0.46, BANR and UNB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BANR and UNB?
The BANR/UNB correlation stands at 0.46 on a 3-year window (1 year: 0.59, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is UNB a good diversifier for BANR?
Reasonably. At 0.46, BANR and UNB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.46 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/banr-vs-unb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/banr-vs-unb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BANR correlations · UNB correlations
