BAC vs FNB: Correlation
Bank of America (BAC) and F.N.B. Corporation (FNB) show a strong relationship: their 3-year correlation of weekly returns is 0.78.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and FNB?
Across a 3-year window, the weekly returns of BAC and FNB correlate at 0.78, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 565.3 %².
By 3-year correlation, FNB places #14 of the 45 assets tracked against BAC. The trailing year gives BAC the advantage: +24.1% versus +13.4%, a 10.7-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.
BAC vs FNB: side by side
| BAC (Bank of America) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +24.1% | +13.4% |
| 5-year return | +66.0% | +91.1% |
| Volatility (ann.) | 26.5% | 27.4% |
| Beta vs S&P 500 | 1.11 | 1.03 |
| Max drawdown (3Y) | -27.5% | -32.6% |
| Market cap | $427.7B | $6.6B |
| P/E (trailing) | 14.1 | 11.0 |
| Dividend yield | 1.80% | 2.65% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | FNB |
|---|---|---|
| 2022 | -23.8% | +11.7% |
| 2023 | +4.8% | +9.8% |
| 2024 | +33.9% | +11.0% |
| 2025 | +28.0% | +19.4% |
| 2026 | +12.4% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and FNB good diversifiers for each other?
To a limited degree. At 0.78 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 BAC and FNB?
The BAC/FNB correlation stands at 0.78 on a 3-year window (1 year: 0.76, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is FNB a good diversifier for BAC?
To a limited degree. At 0.78 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 0.78 mean?
A reading of 0.78 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/bac-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bac-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · FNB correlations
