FAF vs FNF: Correlation
First American Corporation (New) (FAF) and Fidelity National Financial, Inc. (FNF) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FAF and FNF?
Across a 3-year window, the weekly returns of FAF and FNF correlate at 0.76, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.76 over 3. Stretching to 5 years gives 0.80, with an annualized covariance of 481.6 %².
Few assets follow FAF as closely as FNF, which ranks #1 of 11 tracked partners. Their recent paths diverged sharply: over the last 12 months FAF outperformed by 31.4 percentage points (+15.7% for FAF against -15.7% for FNF).
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.
FAF vs FNF: side by side
| FAF (First American Corporation (New)) | FNF (Fidelity National Financial, Inc.) | |
|---|---|---|
| 1-year return | +15.7% | -15.7% |
| 5-year return | +24.3% | +27.3% |
| Volatility (ann.) | 25.7% | 24.8% |
| Beta vs S&P 500 | 0.72 | 0.66 |
| Max drawdown (3Y) | -22.1% | -30.0% |
| Market cap | $7.6B | $12.7B |
| P/E (trailing) | 10.2 | 16.5 |
| Dividend yield | 2.99% | 4.34% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FAF | FNF |
|---|---|---|
| 2022 | -30.6% | -21.6% |
| 2023 | +27.7% | +42.2% |
| 2024 | +0.4% | +14.0% |
| 2025 | +1.9% | +4.4% |
| 2026 | +23.3% | -11.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FAF and FNF good diversifiers for each other?
To a limited degree. At 0.76 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 FAF and FNF?
The FAF/FNF correlation stands at 0.76 on a 3-year window (1 year: 0.75, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is FNF a good diversifier for FAF?
To a limited degree. At 0.76 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 0.76 mean?
On the −1 to +1 scale, 0.76 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/faf-vs-fnf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/faf-vs-fnf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FAF correlations · FNF correlations
