FITB vs TRN: Correlation
How closely do Fifth Third Bancorp (FITB) and Trinity Industries, Inc. (TRN) trade together? Their weekly returns over three years give a correlation of 0.57, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and TRN?
Across a 3-year window, the weekly returns of FITB and TRN correlate at 0.57, moderate. The link has loosened recently: the 1-year correlation (0.32) runs below the 3-year figure (0.57). Stretching to 5 years gives 0.57, with an annualized covariance of 624.7 %².
Within FITB's tracked universe of 45 assets, TRN comes in at #28 by 3-year correlation. The last year tells two different stories: FITB led by 18.1 percentage points, +24.6% for FITB against +6.5% for TRN.
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 TRN: side by side
| FITB (Fifth Third Bancorp) | TRN (Trinity Industries, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | +6.5% |
| 5-year return | +71.2% | +22.0% |
| Volatility (ann.) | 29.4% | 37.5% |
| Beta vs S&P 500 | 1.03 | 0.89 |
| Max drawdown (3Y) | -29.9% | -39.6% |
| Market cap | $49.7B | $2.3B |
| P/E (trailing) | 18.5 | 7.0 |
| Dividend yield | 2.90% | 4.17% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | TRN |
|---|---|---|
| 2022 | -21.9% | +1.5% |
| 2023 | +10.4% | -6.2% |
| 2024 | +27.2% | +37.2% |
| 2025 | +14.8% | -21.5% |
| 2026 | +19.1% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and TRN good diversifiers for each other?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FITB and TRN?
As of 2026-08-27, the correlation of weekly returns between FITB and TRN is 0.57 over 3 years, 0.32 over 1 year and 0.57 over 5 years.
Is TRN a good diversifier for FITB?
To a limited degree. At 0.57 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.57 mean?
A reading of 0.57 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fitb-vs-trn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-trn/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · TRN correlations
