EWBC vs FNB: Correlation
Measured on weekly returns over the past three years, East West Bancorp, Inc. (EWBC) and F.N.B. Corporation (FNB) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EWBC and FNB?
Over the past 3 years, EWBC and FNB moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.89 over 3. Over 5 years the correlation is 0.85, and the annualized covariance of weekly returns is 734.0 %².
FNB is one of the assets that tracks EWBC most closely: it ranks #1 out of the 13 assets we track against EWBC. On 12-month performance EWBC holds a 11.6-point edge, +25.0% against +13.4%.
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.
EWBC vs FNB: side by side
| EWBC (East West Bancorp, Inc.) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +25.0% | +13.4% |
| 5-year return | +103.5% | +91.1% |
| Volatility (ann.) | 30.2% | 27.4% |
| Beta vs S&P 500 | 1.03 | 1.03 |
| Max drawdown (3Y) | -35.8% | -32.6% |
| Market cap | $17.8B | $6.6B |
| P/E (trailing) | 12.5 | 11.0 |
| Dividend yield | 2.15% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EWBC | FNB |
|---|---|---|
| 2022 | -14.4% | +11.7% |
| 2023 | +12.8% | +9.8% |
| 2024 | +36.8% | +11.0% |
| 2025 | +20.3% | +19.4% |
| 2026 | +17.6% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EWBC and FNB good diversifiers for each other?
No: a correlation of 0.89 means EWBC and FNB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between EWBC and FNB?
Using weekly returns as of 2026-08-27: 0.89 over 3 years, with 0.85 over the last year and 0.85 over 5 years.
Is FNB a good diversifier for EWBC?
No: a correlation of 0.89 means EWBC 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/ewbc-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ewbc-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EWBC correlations · FNB correlations
