BEN vs PNC: Correlation
How closely do Franklin Resources (BEN) and PNC Financial Services (PNC) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BEN and PNC?
Across a 3-year window, the weekly returns of BEN and PNC correlate at 0.59, moderate. The past 12 months show a weaker link (0.40) than the 3-year average (0.59). Stretching to 5 years gives 0.60, with an annualized covariance of 423.0 %².
Within BEN's tracked universe of 28 assets, PNC comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BEN outperformed by 20.9 percentage points (+43.0% for BEN against +22.1% for PNC). On a rolling one-year basis the correlation drifted between 0.41 and 0.83, 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.
BEN vs PNC: side by side
| BEN (Franklin Resources) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +43.0% | +22.1% |
| 5-year return | +37.6% | +53.5% |
| Volatility (ann.) | 27.9% | 25.6% |
| Beta vs S&P 500 | 1.01 | 0.92 |
| Max drawdown (3Y) | -40.0% | -29.8% |
| Market cap | $17.7B | $97.1B |
| P/E (trailing) | 23.8 | 13.5 |
| Dividend yield | 3.74% | 2.78% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BEN | PNC |
|---|---|---|
| 2022 | -17.5% | -18.6% |
| 2023 | +17.0% | +2.7% |
| 2024 | -27.2% | +29.4% |
| 2025 | +24.8% | +12.2% |
| 2026 | +49.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BEN and PNC good diversifiers for each other?
To a limited degree. At 0.59 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 BEN and PNC?
As of 2026-08-27, the correlation of weekly returns between BEN and PNC is 0.59 over 3 years, 0.40 over 1 year and 0.60 over 5 years.
Is PNC a good diversifier for BEN?
To a limited degree. At 0.59 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 0.59 mean?
On the −1 to +1 scale, 0.59 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/ben-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ben-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BEN correlations · PNC correlations
