FNB vs FULT: Correlation
F.N.B. Corporation (FNB) and Fulton Financial Corporation (FULT) 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 FNB and FULT?
Over the past 3 years, FNB and FULT moved with a correlation of 0.90, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.91 lands near the 3-year figure. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 750.2 %².
Among the 53 assets we track against FNB, FULT ranks #4 by 3-year correlation. Over the last 12 months FULT came out ahead by 10.7 percentage points (+13.4% against +24.1%).
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.
FNB vs FULT: side by side
| FNB (F.N.B. Corporation) | FULT (Fulton Financial Corporation) | |
|---|---|---|
| 1-year return | +13.4% | +24.1% |
| 5-year return | +91.1% | +85.0% |
| Volatility (ann.) | 27.4% | 30.3% |
| Beta vs S&P 500 | 1.03 | 1.03 |
| Max drawdown (3Y) | -32.6% | -29.9% |
| Market cap | $6.6B | $4.5B |
| P/E (trailing) | 11.0 | 11.4 |
| Dividend yield | 2.65% | 3.15% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | FULT |
|---|---|---|
| 2022 | +11.7% | +3.1% |
| 2023 | +9.8% | +2.5% |
| 2024 | +11.0% | +21.9% |
| 2025 | +19.4% | +4.3% |
| 2026 | +9.7% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and FULT good diversifiers for each other?
No. With a correlation of 0.90, FNB and FULT move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FNB and FULT?
As of 2026-08-27, the correlation of weekly returns between FNB and FULT is 0.90 over 3 years, 0.91 over 1 year and 0.87 over 5 years.
Is FULT a good diversifier for FNB?
No. With a correlation of 0.90, FNB and FULT move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 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: FNB correlations · FULT correlations
