FITB vs ZCMD: Correlation
How closely do Fifth Third Bancorp (FITB) and Zhongchao Inc. - Class A (ZCMD) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and ZCMD?
On 3 years of weekly data the FITB/ZCMD correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.16 lands near the 3-year figure. The 5-year figure is -0.12, and annualized covariance runs at -711.7 %².
Out of 45 assets tracked against FITB, ZCMD lands near the bottom at #41. The last year tells two different stories: FITB led by 124.5 percentage points, +24.6% for FITB against -99.9% for ZCMD. One caveat on sizing: ZCMD is 4.8 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 ZCMD: side by side
| FITB (Fifth Third Bancorp) | ZCMD (Zhongchao Inc. - Class A) | |
|---|---|---|
| 1-year return | +24.6% | -99.9% |
| 5-year return | +71.2% | -100.0% |
| Volatility (ann.) | 29.4% | 141.8% |
| Beta vs S&P 500 | 1.03 | 0.59 |
| Max drawdown (3Y) | -29.9% | -100.0% |
| Market cap | $49.7B | – |
| P/E (trailing) | 18.5 | – |
| Dividend yield | 2.90% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | FITB | ZCMD |
|---|---|---|
| 2022 | -21.9% | -35.4% |
| 2023 | +10.4% | -69.5% |
| 2024 | +27.2% | -53.8% |
| 2025 | +14.8% | -72.2% |
| 2026 | +19.1% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and ZCMD good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between FITB and ZCMD?
As of 2026-08-27, the correlation of weekly returns between FITB and ZCMD is -0.17 over 3 years, -0.16 over 1 year and -0.12 over 5 years.
Is ZCMD a good diversifier for FITB?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
A reading of -0.17 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-zcmd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fitb-vs-zcmd/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · ZCMD correlations
