FITB vs FNB: Correlation
How closely do Fifth Third Bancorp (FITB) and F.N.B. Corporation (FNB) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and FNB?
On 3 years of weekly data the FITB/FNB correlation comes out at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. The 5-year figure is 0.83, and annualized covariance runs at 691.8 %².
By 3-year correlation, FNB places #12 of the 45 assets tracked against FITB. On 12-month performance FITB holds a 11.2-point edge, +24.6% 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.
FITB vs FNB: side by side
| FITB (Fifth Third Bancorp) | FNB (F.N.B. Corporation) | |
|---|---|---|
| 1-year return | +24.6% | +13.4% |
| 5-year return | +71.2% | +91.1% |
| Volatility (ann.) | 29.4% | 27.4% |
| Beta vs S&P 500 | 1.03 | 1.03 |
| Max drawdown (3Y) | -29.9% | -32.6% |
| Market cap | $49.7B | $6.6B |
| P/E (trailing) | 18.5 | 11.0 |
| Dividend yield | 2.90% | 2.65% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | FNB |
|---|---|---|
| 2022 | -21.9% | +11.7% |
| 2023 | +10.4% | +9.8% |
| 2024 | +27.2% | +11.0% |
| 2025 | +14.8% | +19.4% |
| 2026 | +19.1% | +9.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and FNB good diversifiers for each other?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FITB and FNB?
Using weekly returns as of 2026-08-27: 0.86 over 3 years, with 0.88 over the last year and 0.83 over 5 years.
Is FNB a good diversifier for FITB?
Not really. At 0.86, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.86 mean?
On the −1 to +1 scale, 0.86 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/fitb-vs-fnb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fitb-vs-fnb/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · FNB correlations
