FITB vs TGT: Correlation
How closely do Fifth Third Bancorp (FITB) and Target Corporation (TGT) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and TGT?
Across a 3-year window, the weekly returns of FITB and TGT correlate at 0.47, moderate. The link has loosened recently: the 1-year correlation (0.36) runs below the 3-year figure (0.47). Stretching to 5 years gives 0.38, with an annualized covariance of 445.0 %².
Among the 45 assets we track against FITB, TGT ranks #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TGT ahead by 51.6 points (+24.6% versus +76.2%). Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.66.
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 TGT: side by side
| FITB (Fifth Third Bancorp) | TGT (Target Corporation) | |
|---|---|---|
| 1-year return | +24.6% | +76.2% |
| 5-year return | +71.2% | -22.2% |
| Volatility (ann.) | 29.4% | 32.0% |
| Beta vs S&P 500 | 1.03 | 0.62 |
| Max drawdown (3Y) | -29.9% | -49.8% |
| Market cap | $49.7B | $75.4B |
| P/E (trailing) | 18.5 | 17.2 |
| Dividend yield | 2.90% | 2.78% |
| Sector / category | Financials | Consumer Staples |
Year-by-year returns
| Year | FITB | TGT |
|---|---|---|
| 2022 | -21.9% | -34.2% |
| 2023 | +10.4% | -1.4% |
| 2024 | +27.2% | -2.3% |
| 2025 | +14.8% | -24.5% |
| 2026 | +19.1% | +74.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and TGT good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FITB and TGT?
The FITB/TGT correlation stands at 0.47 on a 3-year window (1 year: 0.36, 5 years: 0.38), computed from weekly returns as of 2026-08-27.
Is TGT a good diversifier for FITB?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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.
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Related comparisons
Hubs: FITB correlations · TGT correlations
