AXP vs FITB: Correlation
How closely do American Express (AXP) and Fifth Third Bancorp (FITB) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and FITB?
On 3 years of weekly data the AXP/FITB correlation comes out at 0.69, strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.69). The 5-year figure is 0.69, and annualized covariance runs at 542.8 %².
Within AXP's tracked universe of 35 assets, FITB comes in at #15 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FITB outperformed by 19.9 percentage points (+4.7% for AXP against +24.6% for FITB). On a rolling one-year basis the correlation drifted between 0.51 and 0.86, a moderate band.
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.
AXP vs FITB: side by side
| AXP (American Express) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +4.7% | +24.6% |
| 5-year return | +116.2% | +71.2% |
| Volatility (ann.) | 26.6% | 29.4% |
| Beta vs S&P 500 | 1.20 | 1.03 |
| Max drawdown (3Y) | -28.8% | -29.9% |
| Market cap | $225.7B | $49.7B |
| P/E (trailing) | 20.4 | 18.5 |
| Dividend yield | 1.05% | 2.90% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AXP | FITB |
|---|---|---|
| 2022 | -8.5% | -21.9% |
| 2023 | +28.7% | +10.4% |
| 2024 | +60.3% | +27.2% |
| 2025 | +26.0% | +14.8% |
| 2026 | -8.9% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and FITB good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AXP and FITB?
As of 2026-08-27, the correlation of weekly returns between AXP and FITB is 0.69 over 3 years, 0.49 over 1 year and 0.69 over 5 years.
Is FITB a good diversifier for AXP?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 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/axp-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/axp-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXP correlations · FITB correlations
