FITB vs USB: Correlation
Fifth Third Bancorp (FITB) and U.S. Bancorp (USB) show a very strong relationship: their 3-year correlation of weekly returns is 0.90.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and USB?
Across a 3-year window, the weekly returns of FITB and USB correlate at 0.90, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.92 lands near the 3-year figure. Stretching to 5 years gives 0.88, with an annualized covariance of 726.0 %².
Within FITB's tracked universe of 45 assets, USB comes in at #7 by 3-year correlation. On 12-month performance USB holds a 8.5-point edge, +24.6% against +33.1%. Stability stands out here, with the rolling one-year correlation confined to 0.82 through 0.94.
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 USB: side by side
| FITB (Fifth Third Bancorp) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +24.6% | +33.1% |
| 5-year return | +71.2% | +36.0% |
| Volatility (ann.) | 29.4% | 27.3% |
| Beta vs S&P 500 | 1.03 | 1.09 |
| Max drawdown (3Y) | -29.9% | -30.6% |
| Market cap | $49.7B | $97.2B |
| P/E (trailing) | 18.5 | 12.5 |
| Dividend yield | 2.90% | 3.31% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FITB | USB |
|---|---|---|
| 2022 | -21.9% | -19.1% |
| 2023 | +10.4% | +4.8% |
| 2024 | +27.2% | +15.6% |
| 2025 | +14.8% | +16.5% |
| 2026 | +19.1% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and USB good diversifiers for each other?
No: a correlation of 0.90 means FITB and USB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FITB and USB?
As of 2026-08-27, the correlation of weekly returns between FITB and USB is 0.90 over 3 years, 0.92 over 1 year and 0.88 over 5 years.
Is USB a good diversifier for FITB?
No: a correlation of 0.90 means FITB and USB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.90 mean?
On the −1 to +1 scale, 0.90 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fitb-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fitb-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FITB correlations · USB correlations
