FITB vs TRUP: Correlation
How closely do Fifth Third Bancorp (FITB) and Trupanion, Inc. (TRUP) trade together? Their weekly returns over three years give a correlation of 0.49, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and TRUP?
Across a 3-year window, the weekly returns of FITB and TRUP correlate at 0.49, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.49 over 3. Stretching to 5 years gives 0.39, with an annualized covariance of 882.6 %².
By 3-year correlation, TRUP places #32 of the 45 assets tracked against FITB. The last year tells two different stories: FITB led by 60.6 percentage points, +24.6% for FITB against -36.0% for TRUP. Note the risk asymmetry: TRUP runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 TRUP: side by side
| FITB (Fifth Third Bancorp) | TRUP (Trupanion, Inc.) | |
|---|---|---|
| 1-year return | +24.6% | -36.0% |
| 5-year return | +71.2% | -68.9% |
| Volatility (ann.) | 29.4% | 60.9% |
| Beta vs S&P 500 | 1.03 | 1.57 |
| Max drawdown (3Y) | -29.9% | -62.0% |
| Market cap | $49.7B | $1.3B |
| P/E (trailing) | 18.5 | 57.0 |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | TRUP |
|---|---|---|
| 2022 | -21.9% | -64.0% |
| 2023 | +10.4% | -35.8% |
| 2024 | +27.2% | +58.0% |
| 2025 | +14.8% | -22.5% |
| 2026 | +19.1% | -20.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and TRUP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FITB and TRUP?
As of 2026-08-27, the correlation of weekly returns between FITB and TRUP is 0.49 over 3 years, 0.44 over 1 year and 0.39 over 5 years.
Is TRUP a good diversifier for FITB?
Yes, to a useful degree: a correlation of 0.49 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 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-trup.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-trup/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · TRUP correlations
