FHN vs WTFC: Correlation
Measured on weekly returns over the past three years, First Horizon Corporation (FHN) and Wintrust Financial Corporation (WTFC) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FHN and WTFC?
Across a 3-year window, the weekly returns of FHN and WTFC correlate at 0.87, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. Stretching to 5 years gives 0.62, with an annualized covariance of 734.0 %².
WTFC is one of the assets that tracks FHN most closely: it ranks #1 out of the 17 assets we track against FHN. Twelve-month performance is nearly a tie, at +9.9% for FHN and +12.7% for WTFC.
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 WTFC: side by side
| FHN (First Horizon Corporation) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +9.9% | +12.7% |
| 5-year return | +77.9% | +127.7% |
| Volatility (ann.) | 30.5% | 27.6% |
| Beta vs S&P 500 | 1.08 | 1.06 |
| Max drawdown (3Y) | -27.1% | -31.0% |
| Market cap | $11.6B | $10.3B |
| P/E (trailing) | 11.8 | 12.3 |
| Dividend yield | 2.60% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FHN | WTFC |
|---|---|---|
| 2022 | +53.9% | -5.5% |
| 2023 | -39.4% | +12.0% |
| 2024 | +47.7% | +36.8% |
| 2025 | +22.1% | +13.9% |
| 2026 | +3.7% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FHN and WTFC good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FHN and WTFC?
As of 2026-08-27, the correlation of weekly returns between FHN and WTFC is 0.87 over 3 years, 0.83 over 1 year and 0.62 over 5 years.
Is WTFC a good diversifier for FHN?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
A reading of 0.87 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: FHN correlations · WTFC correlations
