FITB vs MAC: Correlation
How closely do Fifth Third Bancorp (FITB) and Macerich Company (The) (MAC) trade together? Their weekly returns over three years give a correlation of 0.70, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and MAC?
Over the past 3 years, FITB and MAC moved with a correlation of 0.70, which is strong. Recent behaviour matches the longer record: 0.60 over 1 year against 0.70 over 3. Over 5 years the correlation is 0.64, and the annualized covariance of weekly returns is 758.4 %².
Among the 45 assets we track against FITB, MAC ranks #21 by 3-year correlation. The trailing year gives MAC the advantage: +24.6% versus +34.5%, a 9.9-point spread.
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 MAC: side by side
| FITB (Fifth Third Bancorp) | MAC (Macerich Company (The)) | |
|---|---|---|
| 1-year return | +24.6% | +34.5% |
| 5-year return | +71.2% | +75.7% |
| Volatility (ann.) | 29.4% | 36.7% |
| Beta vs S&P 500 | 1.03 | 1.22 |
| Max drawdown (3Y) | -29.9% | -39.6% |
| Market cap | $49.7B | $7.1B |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.90% | 2.81% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | MAC |
|---|---|---|
| 2022 | -21.9% | -31.6% |
| 2023 | +10.4% | +45.7% |
| 2024 | +27.2% | +34.5% |
| 2025 | +14.8% | -3.7% |
| 2026 | +19.1% | +31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and MAC good diversifiers for each other?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FITB and MAC?
The FITB/MAC correlation stands at 0.70 on a 3-year window (1 year: 0.60, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is MAC a good diversifier for FITB?
To a limited degree. At 0.70 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.70 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.
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Related comparisons
Hubs: FITB correlations · MAC correlations
