BPOP vs FNB: Correlation
Popular, Inc. (BPOP) and F.N.B. Corporation (FNB) show a very strong relationship: their 3-year correlation of weekly returns is 0.81.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BPOP and FNB?
Over the past 3 years, BPOP and FNB moved with a correlation of 0.81, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.80 over 1 year against 0.81 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 584.5 %².
FNB is one of the assets that tracks BPOP most closely: it ranks #3 out of the 12 assets we track against BPOP. Their recent paths diverged sharply: over the last 12 months BPOP outperformed by 25.8 percentage points (+39.2% for BPOP against +13.4% for FNB).
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.
BPOP vs FNB: side by side
| BPOP (Popular, Inc.) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +39.2% | +13.4% |
| 5-year return | +157.8% | +91.1% |
| Volatility (ann.) | 26.3% | 27.4% |
| Beta vs S&P 500 | 0.84 | 1.03 |
| Max drawdown (3Y) | -22.6% | -32.6% |
| Market cap | $10.8B | $6.6B |
| P/E (trailing) | 11.5 | 11.0 |
| Dividend yield | 1.77% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BPOP | FNB |
|---|---|---|
| 2022 | -16.8% | +11.7% |
| 2023 | +28.3% | +9.8% |
| 2024 | +17.9% | +11.0% |
| 2025 | +36.0% | +19.4% |
| 2026 | +37.8% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BPOP and FNB good diversifiers for each other?
No. With a correlation of 0.81, BPOP and FNB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BPOP and FNB?
The BPOP/FNB correlation stands at 0.81 on a 3-year window (1 year: 0.80, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is FNB a good diversifier for BPOP?
No. With a correlation of 0.81, BPOP and FNB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 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/bpop-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bpop-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BPOP correlations · FNB correlations
