AGO vs FNB: Correlation
Assured Guaranty Ltd. (AGO) and F.N.B. Corporation (FNB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AGO and FNB?
On 3 years of weekly data the AGO/FNB correlation comes out at 0.58, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.58 over 3 years. The 5-year figure is 0.58, and annualized covariance runs at 338.0 %².
In AGO's tracked universe of 14 assets, FNB sits right near the top at #3. Correlation aside, the last 12 months split them widely, with FNB ahead by 19.6 points (-6.2% versus +13.4%).
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.
AGO vs FNB: side by side
| AGO (Assured Guaranty Ltd.) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | -6.2% | +13.4% |
| 5-year return | +64.9% | +91.1% |
| Volatility (ann.) | 21.4% | 27.4% |
| Beta vs S&P 500 | 0.51 | 1.03 |
| Max drawdown (3Y) | -22.0% | -32.6% |
| Market cap | $3.3B | $6.6B |
| P/E (trailing) | 10.1 | 11.0 |
| Dividend yield | 1.90% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AGO | FNB |
|---|---|---|
| 2022 | +26.2% | +11.7% |
| 2023 | +22.5% | +9.8% |
| 2024 | +22.1% | +11.0% |
| 2025 | +0.6% | +19.4% |
| 2026 | -14.4% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AGO and FNB good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AGO and FNB?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.46 over the last year and 0.58 over 5 years.
Is FNB a good diversifier for AGO?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
A reading of 0.58 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ago-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ago-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AGO correlations · FNB correlations
