DAL vs USB: Correlation
How closely do Delta Air Lines (DAL) and U.S. Bancorp (USB) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAL and USB?
On 3 years of weekly data the DAL/USB correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 579.6 %².
Among the 33 assets we track against DAL, USB ranks #15 by 3-year correlation. Their 12-month results are close: +33.9% for DAL against +33.1% for USB. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.25 to 0.75.
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.
DAL vs USB: side by side
| DAL (Delta Air Lines) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +33.9% | +33.1% |
| 5-year return | +110.6% | +36.0% |
| Volatility (ann.) | 37.1% | 27.3% |
| Beta vs S&P 500 | 1.17 | 1.09 |
| Max drawdown (3Y) | -47.9% | -30.6% |
| Market cap | – | $97.2B |
| P/E (trailing) | 13.8 | 12.5 |
| Dividend yield | 0.94% | 3.31% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | DAL | USB |
|---|---|---|
| 2022 | -15.9% | -19.1% |
| 2023 | +23.0% | +4.8% |
| 2024 | +52.0% | +15.6% |
| 2025 | +16.1% | +16.5% |
| 2026 | +17.8% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAL and USB good diversifiers for each other?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DAL and USB?
As of 2026-08-27, the correlation of weekly returns between DAL and USB is 0.57 over 3 years, 0.64 over 1 year and 0.57 over 5 years.
Is USB a good diversifier for DAL?
Somewhat, no more. With 0.57 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.57 mean?
On the −1 to +1 scale, 0.57 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/dal-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dal-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DAL correlations · USB correlations
