FNB vs HWC: Correlation
F.N.B. Corporation (FNB) and Hancock Whitney Corporation (HWC) 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 HWC?
Across a 3-year window, the weekly returns of FNB and HWC correlate at 0.90, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.89 lands near the 3-year figure. Stretching to 5 years gives 0.89, with an annualized covariance of 756.2 %².
Among the 53 assets we track against FNB, HWC ranks #5 by 3-year correlation. Over the last 12 months HWC came out ahead by 8.2 percentage points (+13.4% against +21.6%).
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 HWC: side by side
| FNB (F.N.B. Corporation) | HWC (Hancock Whitney Corporation) | |
|---|---|---|
| 1-year return | +13.4% | +21.6% |
| 5-year return | +91.1% | +89.0% |
| Volatility (ann.) | 27.4% | 30.7% |
| Beta vs S&P 500 | 1.03 | 1.03 |
| Max drawdown (3Y) | -32.6% | -23.9% |
| Market cap | $6.6B | $6.0B |
| P/E (trailing) | 11.0 | 14.7 |
| Dividend yield | 2.65% | 2.53% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | HWC |
|---|---|---|
| 2022 | +11.7% | -1.2% |
| 2023 | +9.8% | +3.3% |
| 2024 | +11.0% | +16.1% |
| 2025 | +19.4% | +20.0% |
| 2026 | +9.7% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and HWC good diversifiers for each other?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FNB and HWC?
Using weekly returns as of 2026-08-27: 0.90 over 3 years, with 0.89 over the last year and 0.89 over 5 years.
Is HWC a good diversifier for FNB?
Not really. At 0.90, the two trade almost as one position, and owning both buys little extra protection.
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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fnb-vs-hwc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnb-vs-hwc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNB correlations · HWC correlations
