FHN vs FNB: Correlation
Measured on weekly returns over the past three years, First Horizon Corporation (FHN) and F.N.B. Corporation (FNB) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHN and FNB?
On 3 years of weekly data the FHN/FNB correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. The 5-year figure is 0.63, and annualized covariance runs at 709.2 %².
Few assets follow FHN as closely as FNB, which ranks #2 of 17 tracked partners. Their 12-month results are close: +9.9% for FHN 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.
FHN vs FNB: side by side
| FHN (First Horizon Corporation) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +9.9% | +13.4% |
| 5-year return | +77.9% | +91.1% |
| Volatility (ann.) | 30.5% | 27.4% |
| Beta vs S&P 500 | 1.08 | 1.03 |
| Max drawdown (3Y) | -27.1% | -32.6% |
| Market cap | $11.6B | $6.6B |
| P/E (trailing) | 11.8 | 11.0 |
| Dividend yield | 2.60% | 2.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHN | FNB |
|---|---|---|
| 2022 | +53.9% | +11.7% |
| 2023 | -39.4% | +9.8% |
| 2024 | +47.7% | +11.0% |
| 2025 | +22.1% | +19.4% |
| 2026 | +3.7% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHN and FNB good diversifiers for each other?
No. With a correlation of 0.85, FHN and FNB move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FHN and FNB?
As of 2026-08-27, the correlation of weekly returns between FHN and FNB is 0.85 over 3 years, 0.82 over 1 year and 0.63 over 5 years.
Is FNB a good diversifier for FHN?
No. With a correlation of 0.85, FHN and FNB move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.85 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fhn-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fhn-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FHN correlations · FNB correlations
