ATLC vs FNB: Correlation
How closely do Atlanticus Holdings Corporation (ATLC) and F.N.B. Corporation (FNB) trade together? Their weekly returns over three years give a correlation of 0.56, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATLC and FNB?
On 3 years of weekly data the ATLC/FNB correlation comes out at 0.56, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. The 5-year figure is 0.48, and annualized covariance runs at 757.9 %².
Among the 13 assets we track against ATLC, FNB ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ATLC ahead by 27.0 points (+40.4% versus +13.4%). Risk is not evenly split, since ATLC carries 1.8 times the volatility of the other side.
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.
ATLC vs FNB: side by side
| ATLC (Atlanticus Holdings Corporation) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +40.4% | +13.4% |
| 5-year return | +58.2% | +91.1% |
| Volatility (ann.) | 49.7% | 27.4% |
| Beta vs S&P 500 | 1.55 | 1.03 |
| Max drawdown (3Y) | -39.5% | -32.6% |
| Market cap | $1.4B | $6.6B |
| P/E (trailing) | 12.1 | 11.0 |
| Dividend yield | 0.00% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ATLC | FNB |
|---|---|---|
| 2022 | -63.3% | +11.7% |
| 2023 | +47.6% | +9.8% |
| 2024 | +44.2% | +11.0% |
| 2025 | +20.0% | +19.4% |
| 2026 | +39.0% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATLC and FNB good diversifiers for each other?
Only partially. A correlation of 0.56 means ATLC and FNB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between ATLC and FNB?
The ATLC/FNB correlation stands at 0.56 on a 3-year window (1 year: 0.51, 5 years: 0.48), computed from weekly returns as of 2026-08-27.
Is FNB a good diversifier for ATLC?
Only partially. A correlation of 0.56 means ATLC and FNB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.56 mean?
A reading of 0.56 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
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[](https://www.pairbook.io/pair/atlc-vs-fnb/)
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Related comparisons
Hubs: ATLC correlations · FNB correlations
