FCNCA vs FNB: Correlation
How closely do First Citizens BancShares, Inc. (FCNCA) and F.N.B. Corporation (FNB) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCNCA and FNB?
Across a 3-year window, the weekly returns of FCNCA and FNB correlate at 0.71, strong. The relationship has been stable: the 1-year correlation (0.71) sits close to the 3-year figure. Stretching to 5 years gives 0.47, with an annualized covariance of 579.7 %².
Few assets follow FCNCA as closely as FNB, which ranks #1 of 11 tracked partners. On 12-month performance FNB holds a 6.7-point edge, +6.7% 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.
FCNCA vs FNB: side by side
| FCNCA (First Citizens BancShares, Inc.) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +6.7% | +13.4% |
| 5-year return | +146.7% | +91.1% |
| Volatility (ann.) | 29.7% | 27.4% |
| Beta vs S&P 500 | 0.95 | 1.03 |
| Max drawdown (3Y) | -33.5% | -32.6% |
| Market cap | $24.4B | $6.6B |
| P/E (trailing) | 11.7 | 11.0 |
| Dividend yield | 0.38% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCNCA | FNB |
|---|---|---|
| 2022 | -8.4% | +11.7% |
| 2023 | +87.7% | +9.8% |
| 2024 | +49.5% | +11.0% |
| 2025 | +2.0% | +19.4% |
| 2026 | +0.9% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCNCA 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 FCNCA and FNB?
The FCNCA/FNB correlation stands at 0.71 on a 3-year window (1 year: 0.71, 5 years: 0.47), computed from weekly returns as of 2026-08-27.
Is FNB a good diversifier for FCNCA?
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/fcnca-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fcnca-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FCNCA correlations · FNB correlations
