AHRT vs FITB: Correlation
How closely do AH Realty Trust, Inc. (AHRT) and Fifth Third Bancorp (FITB) trade together? Their weekly returns over three years give a correlation of 0.61, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AHRT and FITB?
Over the past 3 years, AHRT and FITB moved with a correlation of 0.61, which is strong. The link has loosened recently: the 1-year correlation (0.49) runs below the 3-year figure (0.61). Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 493.3 %².
Few assets follow AHRT as closely as FITB, which ranks #1 of 13 tracked partners. Their recent paths diverged sharply: over the last 12 months FITB outperformed by 24.1 percentage points (+0.5% for AHRT against +24.6% for FITB).
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.
AHRT vs FITB: side by side
| AHRT (AH Realty Trust, Inc.) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +0.5% | +24.6% |
| 5-year return | -29.6% | +71.2% |
| Volatility (ann.) | 27.4% | 29.4% |
| Beta vs S&P 500 | 0.82 | 1.03 |
| Max drawdown (3Y) | -52.0% | -29.9% |
| Market cap | $0.6B | $49.7B |
| P/E (trailing) | – | 18.5 |
| Dividend yield | 8.35% | 2.90% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | AHRT | FITB |
|---|---|---|
| 2022 | -19.9% | -21.9% |
| 2023 | +15.0% | +10.4% |
| 2024 | -10.8% | +27.2% |
| 2025 | -30.0% | +14.8% |
| 2026 | +4.9% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AHRT and FITB 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 AHRT and FITB?
The AHRT/FITB correlation stands at 0.61 on a 3-year window (1 year: 0.49, 5 years: 0.53), computed from weekly returns as of 2026-08-27.
Is FITB a good diversifier for AHRT?
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?
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/ahrt-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ahrt-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AHRT correlations · FITB correlations
