FITB vs RF: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and Regions Financial Corporation (RF) carry a correlation of 0.91, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and RF?
Across a 3-year window, the weekly returns of FITB and RF correlate at 0.91, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.92 over 1 year against 0.91 over 3. Stretching to 5 years gives 0.88, with an annualized covariance of 779.3 %².
Within FITB's tracked universe of 45 assets, RF comes in at #5 by 3-year correlation. The trailing year gives FITB the advantage: +24.6% versus +15.4%, a 9.2-point spread. Stability stands out here, with the rolling one-year correlation confined to 0.86 through 0.95.
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 RF: side by side
| FITB (Fifth Third Bancorp) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +24.6% | +15.4% |
| 5-year return | +71.2% | +83.5% |
| Volatility (ann.) | 29.4% | 29.2% |
| Beta vs S&P 500 | 1.03 | 1.09 |
| Max drawdown (3Y) | -29.9% | -31.9% |
| Market cap | $49.7B | $25.9B |
| P/E (trailing) | 18.5 | 12.4 |
| Dividend yield | 2.90% | 3.45% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FITB | RF |
|---|---|---|
| 2022 | -21.9% | +2.3% |
| 2023 | +10.4% | -5.7% |
| 2024 | +27.2% | +27.0% |
| 2025 | +14.8% | +20.2% |
| 2026 | +19.1% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and RF good diversifiers for each other?
Not really. At 0.91, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FITB and RF?
The FITB/RF correlation stands at 0.91 on a 3-year window (1 year: 0.92, 5 years: 0.88), computed from weekly returns as of 2026-08-27.
Is RF a good diversifier for FITB?
Not really. At 0.91, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.91 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fitb-vs-rf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fitb-vs-rf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · RF correlations
