FITB vs RFAI: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and RF Acquisition Corp II (RFAI) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and RFAI?
Over the past 3 years, FITB and RFAI moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1201.3 %².
By 3-year correlation, RFAI places #38 of the 45 assets tracked against FITB. Their recent paths diverged sharply: over the last 12 months RFAI outperformed by 364.9 percentage points (+24.6% for FITB against +389.5% for RFAI). Risk is not evenly split, since RFAI carries 9.8 times the volatility of the other side.
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 RFAI: side by side
| FITB (Fifth Third Bancorp) | RFAI (RF Acquisition Corp II) | |
|---|---|---|
| 1-year return | +24.6% | +389.5% |
| 5-year return | +71.2% | n/a |
| Volatility (ann.) | 29.4% | 288.3% |
| Beta vs S&P 500 | 1.03 | -1.62 |
| Max drawdown (3Y) | -29.9% | -16.5% |
| Market cap | $49.7B | $0.4B |
| P/E (trailing) | 18.5 | 399.9 |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | RFAI |
|---|---|---|
| 2022 | -21.9% | – |
| 2023 | +10.4% | – |
| 2024 | +27.2% | – |
| 2025 | +14.8% | +5.2% |
| 2026 | +19.1% | +383.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and RFAI good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between FITB and RFAI?
Using weekly returns as of 2026-08-27: -0.15 over 3 years, with -0.23 over the last year and n/a over 5 years.
Is RFAI a good diversifier for FITB?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 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-rfai.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fitb-vs-rfai/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · RFAI correlations
