ALLY vs FITB: Correlation
Measured on weekly returns over the past three years, Ally Financial Inc. (ALLY) and Fifth Third Bancorp (FITB) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLY and FITB?
Across a 3-year window, the weekly returns of ALLY and FITB correlate at 0.73, strong. The past 12 months show a weaker link (0.56) than the 3-year average (0.73). Stretching to 5 years gives 0.73, with an annualized covariance of 736.8 %².
FITB is one of the assets that tracks ALLY most closely: it ranks #2 out of the 14 assets we track against ALLY. Their recent paths diverged sharply: over the last 12 months FITB outperformed by 17.5 percentage points (+7.1% for ALLY 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.
ALLY vs FITB: side by side
| ALLY (Ally Financial Inc.) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +7.1% | +24.6% |
| 5-year return | -2.7% | +71.2% |
| Volatility (ann.) | 34.5% | 29.4% |
| Beta vs S&P 500 | 1.22 | 1.03 |
| Max drawdown (3Y) | -31.6% | -29.9% |
| Market cap | $13.0B | $49.7B |
| P/E (trailing) | 10.0 | 18.5 |
| Dividend yield | 2.82% | 2.90% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ALLY | FITB |
|---|---|---|
| 2022 | -46.9% | -21.9% |
| 2023 | +49.2% | +10.4% |
| 2024 | +6.4% | +27.2% |
| 2025 | +29.9% | +14.8% |
| 2026 | -3.6% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLY and FITB good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ALLY and FITB?
The ALLY/FITB correlation stands at 0.73 on a 3-year window (1 year: 0.56, 5 years: 0.73), computed from weekly returns as of 2026-08-27.
Is FITB a good diversifier for ALLY?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 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/ally-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ally-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ALLY correlations · FITB correlations
