FITB vs FULT: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and Fulton Financial Corporation (FULT) 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 FITB and FULT?
Across a 3-year window, the weekly returns of FITB and FULT correlate at 0.85, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.90) sits close to the 3-year figure. Stretching to 5 years gives 0.78, with an annualized covariance of 755.7 %².
Among the 45 assets we track against FITB, FULT ranks #15 by 3-year correlation. Neither side won the trailing year by much: +24.6% against +24.1%.
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 FULT: side by side
| FITB (Fifth Third Bancorp) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +24.6% | +24.1% |
| 5-year return | +71.2% | +85.0% |
| Volatility (ann.) | 29.4% | 30.3% |
| Beta vs S&P 500 | 1.03 | 1.03 |
| Max drawdown (3Y) | -29.9% | -29.9% |
| Market cap | $49.7B | $4.5B |
| P/E (trailing) | 18.5 | 11.4 |
| Dividend yield | 2.90% | 3.15% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | FULT |
|---|---|---|
| 2022 | -21.9% | +3.1% |
| 2023 | +10.4% | +2.5% |
| 2024 | +27.2% | +21.9% |
| 2025 | +14.8% | +4.3% |
| 2026 | +19.1% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and FULT good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FITB and FULT?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.90 over the last year and 0.78 over 5 years.
Is FULT a good diversifier for FITB?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
A reading of 0.85 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fitb-vs-fult.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fitb-vs-fult/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · FULT correlations
