FITB vs TFC: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and Truist Financial (TFC) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and TFC?
Over the past 3 years, FITB and TFC moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Over 5 years the correlation is 0.88, and the annualized covariance of weekly returns is 735.2 %².
Within FITB's tracked universe of 45 assets, TFC comes in at #8 by 3-year correlation. The trailing year gives FITB the advantage: +24.6% versus +12.1%, a 12.5-point spread. The link looks structural: the rolling one-year correlation barely moved, holding between 0.77 and 0.96.
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 TFC: side by side
| FITB (Fifth Third Bancorp) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +24.6% | +12.1% |
| 5-year return | +71.2% | +12.7% |
| Volatility (ann.) | 29.4% | 28.0% |
| Beta vs S&P 500 | 1.03 | 1.07 |
| Max drawdown (3Y) | -29.9% | -26.9% |
| Market cap | $49.7B | $61.4B |
| P/E (trailing) | 18.5 | 11.6 |
| Dividend yield | 2.90% | 4.10% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FITB | TFC |
|---|---|---|
| 2022 | -21.9% | -23.5% |
| 2023 | +10.4% | -8.6% |
| 2024 | +27.2% | +23.7% |
| 2025 | +14.8% | +19.0% |
| 2026 | +19.1% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and TFC good diversifiers for each other?
No: a correlation of 0.89 means FITB and TFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FITB and TFC?
The FITB/TFC correlation stands at 0.89 on a 3-year window (1 year: 0.89, 5 years: 0.88), computed from weekly returns as of 2026-08-27.
Is TFC a good diversifier for FITB?
No: a correlation of 0.89 means FITB and TFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · TFC correlations
