ALLY vs PNC: Correlation
Measured on weekly returns over the past three years, Ally Financial Inc. (ALLY) and PNC Financial Services (PNC) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLY and PNC?
Across a 3-year window, the weekly returns of ALLY and PNC correlate at 0.72, strong. Lately the two have drifted apart, with the 1-year correlation at 0.56 versus 0.72 over 3 years. Stretching to 5 years gives 0.66, with an annualized covariance of 637.8 %².
By 3-year correlation, PNC places #6 of the 14 assets tracked against ALLY. Their recent paths diverged sharply: over the last 12 months PNC outperformed by 15.0 percentage points (+7.1% for ALLY 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.
ALLY vs PNC: side by side
| ALLY (Ally Financial Inc.) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +7.1% | +22.1% |
| 5-year return | -2.7% | +53.5% |
| Volatility (ann.) | 34.5% | 25.6% |
| Beta vs S&P 500 | 1.22 | 0.92 |
| Max drawdown (3Y) | -31.6% | -29.8% |
| Market cap | $13.0B | $97.1B |
| P/E (trailing) | 10.0 | 13.5 |
| Dividend yield | 2.82% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ALLY | PNC |
|---|---|---|
| 2022 | -46.9% | -18.6% |
| 2023 | +49.2% | +2.7% |
| 2024 | +6.4% | +29.4% |
| 2025 | +29.9% | +12.2% |
| 2026 | -3.6% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLY and PNC good diversifiers for each other?
To a limited degree. At 0.72 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 ALLY and PNC?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.56 over the last year and 0.66 over 5 years.
Is PNC a good diversifier for ALLY?
To a limited degree. At 0.72 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 0.72 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/ally-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ally-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ALLY correlations · PNC correlations
