AZO vs FNF: Correlation
Measured on weekly returns over the past three years, AutoZone (AZO) and Fidelity National Financial, Inc. (FNF) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AZO and FNF?
Across a 3-year window, the weekly returns of AZO and FNF correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.35, with an annualized covariance of 204.9 %².
Among the 30 assets we track against AZO, FNF ranks #10 by 3-year correlation. The trailing year gives FNF the advantage: -30.3% versus -15.7%, a 14.6-point spread.
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.
AZO vs FNF: side by side
| AZO (AutoZone) | FNF (Fidelity National Financial, Inc.) | |
|---|---|---|
| 1-year return | -30.3% | -15.7% |
| 5-year return | +88.5% | +27.3% |
| Volatility (ann.) | 23.2% | 24.8% |
| Beta vs S&P 500 | 0.31 | 0.66 |
| Max drawdown (3Y) | -32.9% | -30.0% |
| Market cap | – | $12.7B |
| P/E (trailing) | 20.6 | 16.5 |
| Dividend yield | 0.00% | 4.34% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | AZO | FNF |
|---|---|---|
| 2022 | +17.6% | -21.6% |
| 2023 | +4.8% | +42.2% |
| 2024 | +23.8% | +14.0% |
| 2025 | +5.9% | +4.4% |
| 2026 | -13.5% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AZO and FNF good diversifiers for each other?
Reasonably. At 0.36, AZO and FNF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AZO and FNF?
The AZO/FNF correlation stands at 0.36 on a 3-year window (1 year: 0.40, 5 years: 0.35), computed from weekly returns as of 2026-08-27.
Is FNF a good diversifier for AZO?
Reasonably. At 0.36, AZO and FNF keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 mean?
A reading of 0.36 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/azo-vs-fnf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/azo-vs-fnf/)
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Related comparisons
Hubs: AZO correlations · FNF correlations
