ACT vs FNF: Correlation
Enact Holdings, Inc. (ACT) and Fidelity National Financial, Inc. (FNF) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ACT and FNF?
Over the past 3 years, ACT and FNF moved with a correlation of 0.61, which is strong. Recent behaviour matches the longer record: 0.59 over 1 year against 0.61 over 3. Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 298.8 %².
Within ACT's tracked universe of 12 assets, FNF comes in at #6 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ACT ahead by 47.0 points (+31.3% versus -15.7%).
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.
ACT vs FNF: side by side
| ACT (Enact Holdings, Inc.) | FNF (Fidelity National Financial, Inc.) | |
|---|---|---|
| 1-year return | +31.3% | -15.7% |
| 5-year return | +200.2% | +27.3% |
| Volatility (ann.) | 19.7% | 24.8% |
| Beta vs S&P 500 | 0.46 | 0.66 |
| Max drawdown (3Y) | -15.3% | -30.0% |
| Market cap | $6.7B | $12.7B |
| P/E (trailing) | 10.4 | 16.5 |
| Dividend yield | 1.77% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ACT | FNF |
|---|---|---|
| 2022 | +24.1% | -21.6% |
| 2023 | +25.8% | +42.2% |
| 2024 | +14.7% | +14.0% |
| 2025 | +25.2% | +4.4% |
| 2026 | +25.6% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ACT and FNF good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ACT and FNF?
The ACT/FNF correlation stands at 0.61 on a 3-year window (1 year: 0.59, 5 years: 0.52), computed from weekly returns as of 2026-08-27.
Is FNF a good diversifier for ACT?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
On the −1 to +1 scale, 0.61 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/act-vs-fnf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/act-vs-fnf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ACT correlations · FNF correlations
