ABCB vs FITB: Correlation
How closely do Ameris Bancorp (ABCB) and Fifth Third Bancorp (FITB) trade together? Their weekly returns over three years give a correlation of 0.85, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and FITB?
On 3 years of weekly data the ABCB/FITB correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.81 lands near the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 744.8 %².
Within ABCB's tracked universe of 49 assets, FITB comes in at #18 by 3-year correlation. On 12-month performance FITB holds a 7.7-point edge, +16.9% against +24.6%.
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.
ABCB vs FITB: side by side
| ABCB (Ameris Bancorp) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +16.9% | +24.6% |
| 5-year return | +86.9% | +71.2% |
| Volatility (ann.) | 29.7% | 29.4% |
| Beta vs S&P 500 | 1.06 | 1.03 |
| Max drawdown (3Y) | -29.5% | -29.9% |
| Market cap | $5.7B | $49.7B |
| P/E (trailing) | 15.5 | 18.5 |
| Dividend yield | 0.93% | 2.90% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ABCB | FITB |
|---|---|---|
| 2022 | -3.8% | -21.9% |
| 2023 | +14.3% | +10.4% |
| 2024 | +19.4% | +27.2% |
| 2025 | +20.1% | +14.8% |
| 2026 | +15.5% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and FITB good diversifiers for each other?
No. With a correlation of 0.85, ABCB and FITB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between ABCB and FITB?
The ABCB/FITB correlation stands at 0.85 on a 3-year window (1 year: 0.81, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is FITB a good diversifier for ABCB?
No. With a correlation of 0.85, ABCB and FITB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 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/abcb-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abcb-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ABCB correlations · FITB correlations
