BAC vs LNC: Correlation
How closely do Bank of America (BAC) and Lincoln National Corporation (LNC) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and LNC?
Across a 3-year window, the weekly returns of BAC and LNC correlate at 0.67, strong. The past 12 months show a weaker link (0.49) than the 3-year average (0.67). Stretching to 5 years gives 0.65, with an annualized covariance of 598.6 %².
Among the 45 assets we track against BAC, LNC ranks #23 by 3-year correlation. The last year tells two different stories: BAC led by 16.7 percentage points, +24.1% for BAC against +7.4% for LNC.
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 LNC: side by side
| BAC (Bank of America) | LNC (Lincoln National Corporation) | |
|---|---|---|
| 1-year return | +24.1% | +7.4% |
| 5-year return | +66.0% | -18.1% |
| Volatility (ann.) | 26.5% | 33.9% |
| Beta vs S&P 500 | 1.11 | 1.14 |
| Max drawdown (3Y) | -27.5% | -29.1% |
| Market cap | $427.7B | $8.3B |
| P/E (trailing) | 14.1 | 3.7 |
| Dividend yield | 1.80% | 4.16% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | BAC | LNC |
|---|---|---|
| 2022 | -23.8% | -53.5% |
| 2023 | +4.8% | -5.6% |
| 2024 | +33.9% | +24.8% |
| 2025 | +28.0% | +48.0% |
| 2026 | +12.4% | +1.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and LNC good diversifiers for each other?
Only partially. A correlation of 0.67 means BAC and LNC 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 BAC and LNC?
The BAC/LNC correlation stands at 0.67 on a 3-year window (1 year: 0.49, 5 years: 0.65), computed from weekly returns as of 2026-08-27.
Is LNC a good diversifier for BAC?
Only partially. A correlation of 0.67 means BAC and LNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.67 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/bac-vs-lnc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bac-vs-lnc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · LNC correlations
