ENVA vs FNB: Correlation
Enova International, Inc. (ENVA) and F.N.B. Corporation (FNB) show a strong relationship: their 3-year correlation of weekly returns is 0.71.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENVA and FNB?
Across a 3-year window, the weekly returns of ENVA and FNB correlate at 0.71, strong. The link has loosened recently: the 1-year correlation (0.55) runs below the 3-year figure (0.71). Stretching to 5 years gives 0.66, with an annualized covariance of 786.2 %².
In ENVA's tracked universe of 16 assets, FNB sits right near the top at #1. The last year tells two different stories: ENVA led by 84.7 percentage points, +98.1% for ENVA 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.
ENVA vs FNB: side by side
| ENVA (Enova International, Inc.) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +98.1% | +13.4% |
| 5-year return | +622.4% | +91.1% |
| Volatility (ann.) | 40.6% | 27.4% |
| Beta vs S&P 500 | 1.27 | 1.03 |
| Max drawdown (3Y) | -30.0% | -32.6% |
| Market cap | $5.9B | $6.6B |
| P/E (trailing) | 17.6 | 11.0 |
| Dividend yield | 0.00% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENVA | FNB |
|---|---|---|
| 2022 | -6.3% | +11.7% |
| 2023 | +44.3% | +9.8% |
| 2024 | +73.2% | +11.0% |
| 2025 | +64.0% | +19.4% |
| 2026 | +51.0% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENVA and FNB good diversifiers for each other?
To a limited degree. At 0.71 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 ENVA and FNB?
Using weekly returns as of 2026-08-27: 0.71 over 3 years, with 0.55 over the last year and 0.66 over 5 years.
Is FNB a good diversifier for ENVA?
To a limited degree. At 0.71 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 0.71 mean?
On the −1 to +1 scale, 0.71 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/enva-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/enva-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENVA correlations · FNB correlations
