CNO vs FNB: Correlation
CNO Financial Group, Inc. (CNO) and F.N.B. Corporation (FNB) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CNO and FNB?
Over the past 3 years, CNO and FNB moved with a correlation of 0.70, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.70 over 3. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 435.1 %².
In CNO's tracked universe of 25 assets, FNB sits right near the top at #3. The last year tells two different stories: CNO led by 28.2 percentage points, +41.6% for CNO 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.
CNO vs FNB: side by side
| CNO (CNO Financial Group, Inc.) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +41.6% | +13.4% |
| 5-year return | +150.0% | +91.1% |
| Volatility (ann.) | 22.5% | 27.4% |
| Beta vs S&P 500 | 0.69 | 1.03 |
| Max drawdown (3Y) | -15.9% | -32.6% |
| Market cap | $5.1B | $6.6B |
| P/E (trailing) | 18.9 | 11.0 |
| Dividend yield | 1.26% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CNO | FNB |
|---|---|---|
| 2022 | -1.6% | +11.7% |
| 2023 | +25.1% | +9.8% |
| 2024 | +36.1% | +11.0% |
| 2025 | +16.1% | +19.4% |
| 2026 | +30.9% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CNO and FNB good diversifiers for each other?
To a limited degree. At 0.70 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 CNO and FNB?
The CNO/FNB correlation stands at 0.70 on a 3-year window (1 year: 0.68, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is FNB a good diversifier for CNO?
To a limited degree. At 0.70 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 0.70 mean?
On the −1 to +1 scale, 0.70 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/cno-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cno-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CNO correlations · FNB correlations
