ABM vs PNC: Correlation
ABM Industries Incorporated (ABM) and PNC Financial Services (PNC) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABM and PNC?
On 3 years of weekly data the ABM/PNC correlation comes out at 0.57, moderate. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. The 5-year figure is 0.51, and annualized covariance runs at 425.2 %².
Within ABM's tracked universe of 12 assets, PNC comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PNC outperformed by 24.6 percentage points (-2.5% for ABM against +22.1% for PNC).
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.
ABM vs PNC: side by side
| ABM (ABM Industries Incorporated) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | -2.5% | +22.1% |
| 5-year return | +6.5% | +53.5% |
| Volatility (ann.) | 28.9% | 25.6% |
| Beta vs S&P 500 | 0.79 | 0.92 |
| Max drawdown (3Y) | -34.4% | -29.8% |
| Market cap | $2.8B | $97.1B |
| P/E (trailing) | 18.4 | 13.5 |
| Dividend yield | 2.32% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ABM | PNC |
|---|---|---|
| 2022 | +10.7% | -18.6% |
| 2023 | +3.0% | +2.7% |
| 2024 | +16.4% | +29.4% |
| 2025 | -15.5% | +12.2% |
| 2026 | +13.8% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABM and PNC 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 ABM and PNC?
As of 2026-08-27, the correlation of weekly returns between ABM and PNC is 0.57 over 3 years, 0.60 over 1 year and 0.51 over 5 years.
Is PNC a good diversifier for ABM?
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?
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/abm-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/abm-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ABM correlations · PNC correlations
