FCNCA vs WTFC: Correlation
First Citizens BancShares, Inc. (FCNCA) and Wintrust Financial Corporation (WTFC) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FCNCA and WTFC?
On 3 years of weekly data the FCNCA/WTFC correlation comes out at 0.69, strong. The relationship has been stable: the 1-year correlation (0.67) sits close to the 3-year figure. The 5-year figure is 0.46, and annualized covariance runs at 567.3 %².
In FCNCA's tracked universe of 11 assets, WTFC sits right near the top at #2. On 12-month performance WTFC holds a 6.0-point edge, +6.7% against +12.7%.
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 WTFC: side by side
| FCNCA (First Citizens BancShares, Inc.) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +6.7% | +12.7% |
| 5-year return | +146.7% | +127.7% |
| Volatility (ann.) | 29.7% | 27.6% |
| Beta vs S&P 500 | 0.95 | 1.06 |
| Max drawdown (3Y) | -33.5% | -31.0% |
| Market cap | $24.4B | $10.3B |
| P/E (trailing) | 11.7 | 12.3 |
| Dividend yield | 0.38% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FCNCA | WTFC |
|---|---|---|
| 2022 | -8.4% | -5.5% |
| 2023 | +87.7% | +12.0% |
| 2024 | +49.5% | +36.8% |
| 2025 | +2.0% | +13.9% |
| 2026 | +0.9% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FCNCA and WTFC good diversifiers for each other?
Only partially. A correlation of 0.69 means FCNCA and WTFC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FCNCA and WTFC?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.67 over the last year and 0.46 over 5 years.
Is WTFC a good diversifier for FCNCA?
Only partially. A correlation of 0.69 means FCNCA and WTFC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
A reading of 0.69 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: FCNCA correlations · WTFC correlations
