FITB vs GPN: Correlation
How closely do Fifth Third Bancorp (FITB) and Global Payments (GPN) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and GPN?
Across a 3-year window, the weekly returns of FITB and GPN correlate at 0.54, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.42 versus 0.54 over 3 years. Stretching to 5 years gives 0.53, with an annualized covariance of 573.1 %².
Within FITB's tracked universe of 45 assets, GPN comes in at #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FITB outperformed by 17.6 percentage points (+24.6% for FITB against +7.0% for GPN). Stability stands out here, with the rolling one-year correlation confined to 0.44 through 0.67.
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 GPN: side by side
| FITB (Fifth Third Bancorp) | GPN (Global Payments) | |
|---|---|---|
| 1-year return | +24.6% | +7.0% |
| 5-year return | +71.2% | -39.6% |
| Volatility (ann.) | 29.4% | 35.9% |
| Beta vs S&P 500 | 1.03 | 1.22 |
| Max drawdown (3Y) | -29.9% | -54.0% |
| Market cap | $49.7B | $24.5B |
| P/E (trailing) | 18.5 | 44.0 |
| Dividend yield | 2.90% | 1.08% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FITB | GPN |
|---|---|---|
| 2022 | -21.9% | -25.9% |
| 2023 | +10.4% | +29.0% |
| 2024 | +27.2% | -11.0% |
| 2025 | +14.8% | -30.1% |
| 2026 | +19.1% | +20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and GPN good diversifiers for each other?
Only partially. A correlation of 0.54 means FITB and GPN 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 FITB and GPN?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.42 over the last year and 0.53 over 5 years.
Is GPN a good diversifier for FITB?
Only partially. A correlation of 0.54 means FITB and GPN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-gpn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fitb-vs-gpn/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · GPN correlations
