CFG vs FNB: Correlation
How closely do Citizens Financial Group (CFG) and F.N.B. Corporation (FNB) trade together? Their weekly returns over three years give a correlation of 0.89, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and FNB?
On 3 years of weekly data the CFG/FNB correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.91 lands near the 3-year figure. The 5-year figure is 0.87, and annualized covariance runs at 752.3 %².
By 3-year correlation, FNB places #7 of the 46 assets tracked against CFG. Their recent paths diverged sharply: over the last 12 months CFG outperformed by 25.9 percentage points (+39.3% for CFG 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.
CFG vs FNB: side by side
| CFG (Citizens Financial Group) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +39.3% | +13.4% |
| 5-year return | +98.3% | +91.1% |
| Volatility (ann.) | 31.0% | 27.4% |
| Beta vs S&P 500 | 1.16 | 1.03 |
| Max drawdown (3Y) | -29.1% | -32.6% |
| Market cap | $29.6B | $6.6B |
| P/E (trailing) | 15.4 | 11.0 |
| Dividend yield | 2.55% | 2.65% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | FNB |
|---|---|---|
| 2022 | -13.4% | +11.7% |
| 2023 | -11.0% | +9.8% |
| 2024 | +38.0% | +11.0% |
| 2025 | +38.6% | +19.4% |
| 2026 | +22.7% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and FNB good diversifiers for each other?
No: a correlation of 0.89 means CFG and FNB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CFG and FNB?
As of 2026-08-27, the correlation of weekly returns between CFG and FNB is 0.89 over 3 years, 0.91 over 1 year and 0.87 over 5 years.
Is FNB a good diversifier for CFG?
No: a correlation of 0.89 means CFG and FNB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 mean?
A reading of 0.89 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/cfg-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cfg-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFG correlations · FNB correlations
