BAC vs FITB: Correlation
How closely do Bank of America (BAC) and Fifth Third Bancorp (FITB) trade together? Their weekly returns over three years give a correlation of 0.81, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and FITB?
Over the past 3 years, BAC and FITB moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 634.1 %².
Within BAC's tracked universe of 45 assets, FITB comes in at #9 by 3-year correlation. Neither side won the trailing year by much: +24.1% against +24.6%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.73 and 0.89.
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.
BAC vs FITB: side by side
| BAC (Bank of America) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +24.1% | +24.6% |
| 5-year return | +66.0% | +71.2% |
| Volatility (ann.) | 26.5% | 29.4% |
| Beta vs S&P 500 | 1.11 | 1.03 |
| Max drawdown (3Y) | -27.5% | -29.9% |
| Market cap | $427.7B | $49.7B |
| P/E (trailing) | 14.1 | 18.5 |
| Dividend yield | 1.80% | 2.90% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BAC | FITB |
|---|---|---|
| 2022 | -23.8% | -21.9% |
| 2023 | +4.8% | +10.4% |
| 2024 | +33.9% | +27.2% |
| 2025 | +28.0% | +14.8% |
| 2026 | +12.4% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and FITB good diversifiers for each other?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between BAC and FITB?
As of 2026-08-27, the correlation of weekly returns between BAC and FITB is 0.81 over 3 years, 0.74 over 1 year and 0.81 over 5 years.
Is FITB a good diversifier for BAC?
Not really. At 0.81, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bac-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bac-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · FITB correlations
