FITB vs PFG: Correlation
How closely do Fifth Third Bancorp (FITB) and Principal Financial Group (PFG) 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 PFG?
Across a 3-year window, the weekly returns of FITB and PFG correlate at 0.70, strong. The past 12 months show a weaker link (0.54) than the 3-year average (0.70). Stretching to 5 years gives 0.72, with an annualized covariance of 470.6 %².
By 3-year correlation, PFG places #22 of the 45 assets tracked against FITB. Correlation aside, the last 12 months split them widely, with PFG ahead by 19.3 points (+24.6% versus +43.9%). Across three years, the rolling one-year figure varied moderately, from 0.53 to 0.84.
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 PFG: side by side
| FITB (Fifth Third Bancorp) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | +24.6% | +43.9% |
| 5-year return | +71.2% | +99.7% |
| Volatility (ann.) | 29.4% | 22.9% |
| Beta vs S&P 500 | 1.03 | 0.88 |
| Max drawdown (3Y) | -29.9% | -22.4% |
| Market cap | $49.7B | $24.0B |
| P/E (trailing) | 18.5 | 16.0 |
| Dividend yield | 2.90% | 2.84% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FITB | PFG |
|---|---|---|
| 2022 | -21.9% | +20.1% |
| 2023 | +10.4% | -2.8% |
| 2024 | +27.2% | +1.9% |
| 2025 | +14.8% | +18.4% |
| 2026 | +19.1% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and PFG 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 PFG?
The FITB/PFG correlation stands at 0.70 on a 3-year window (1 year: 0.54, 5 years: 0.72), computed from weekly returns as of 2026-08-27.
Is PFG 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?
On the −1 to +1 scale, 0.70 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-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · PFG correlations
