FITB vs SPG: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and Simon Property Group (SPG) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and SPG?
Over the past 3 years, FITB and SPG moved with a correlation of 0.71, which is strong. Little has changed lately, as the 1-year reading of 0.61 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 473.8 %².
Among the 45 assets we track against FITB, SPG ranks #20 by 3-year correlation. Their 12-month results are close: +24.6% for FITB against +26.3% for SPG. Across three years, the rolling one-year figure varied moderately, from 0.48 to 0.81.
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 SPG: side by side
| FITB (Fifth Third Bancorp) | SPG (Simon Property Group) | |
|---|---|---|
| 1-year return | +24.6% | +26.3% |
| 5-year return | +71.2% | +110.2% |
| Volatility (ann.) | 29.4% | 22.7% |
| Beta vs S&P 500 | 1.03 | 0.79 |
| Max drawdown (3Y) | -29.9% | -24.3% |
| Market cap | $49.7B | $81.6B |
| P/E (trailing) | 18.5 | 15.2 |
| Dividend yield | 2.90% | 4.05% |
| Sector / category | Financials | Real Estate |
Year-by-year returns
| Year | FITB | SPG |
|---|---|---|
| 2022 | -21.9% | -21.9% |
| 2023 | +10.4% | +29.2% |
| 2024 | +27.2% | +26.9% |
| 2025 | +14.8% | +12.9% |
| 2026 | +19.1% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and SPG good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between FITB and SPG?
The FITB/SPG correlation stands at 0.71 on a 3-year window (1 year: 0.61, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is SPG a good diversifier for FITB?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 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-spg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-spg/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · SPG correlations
