CFG vs FITB: Correlation
Citizens Financial Group (CFG) and Fifth Third Bancorp (FITB) show a very strong relationship: their 3-year correlation of weekly returns is 0.93.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and FITB?
Across a 3-year window, the weekly returns of CFG and FITB correlate at 0.93, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.93 over 1 year against 0.93 over 3. Stretching to 5 years gives 0.89, with an annualized covariance of 847.1 %².
Few assets follow CFG as closely as FITB, which ranks #1 of 46 tracked partners. Over the last 12 months CFG came out ahead by 14.7 percentage points (+39.3% against +24.6%). The rolling one-year correlation stayed in a tight band between 0.78 and 0.96 over the past three years, which points to a structural rather than episodic relationship.
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.
CFG vs FITB: side by side
| CFG (Citizens Financial Group) | FITB (Fifth Third Bancorp) | |
|---|---|---|
| 1-year return | +39.3% | +24.6% |
| 5-year return | +98.3% | +71.2% |
| Volatility (ann.) | 31.0% | 29.4% |
| Beta vs S&P 500 | 1.16 | 1.03 |
| Max drawdown (3Y) | -29.1% | -29.9% |
| Market cap | $29.6B | $49.7B |
| P/E (trailing) | 15.4 | 18.5 |
| Dividend yield | 2.55% | 2.90% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CFG | FITB |
|---|---|---|
| 2022 | -13.4% | -21.9% |
| 2023 | -11.0% | +10.4% |
| 2024 | +38.0% | +27.2% |
| 2025 | +38.6% | +14.8% |
| 2026 | +22.7% | +19.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and FITB good diversifiers for each other?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CFG and FITB?
Using weekly returns as of 2026-08-27: 0.93 over 3 years, with 0.93 over the last year and 0.89 over 5 years.
Is FITB a good diversifier for CFG?
Not really. At 0.93, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.93 mean?
On the −1 to +1 scale, 0.93 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/cfg-vs-fitb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cfg-vs-fitb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFG correlations · FITB correlations
