FNB vs PHIN: Correlation
F.N.B. Corporation (FNB) and PHINIA Inc. (PHIN) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and PHIN?
Over the past 3 years, FNB and PHIN moved with a correlation of 0.65, which is strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 584.8 %².
By 3-year correlation, PHIN places #41 of the 53 assets tracked against FNB. Twelve-month performance is nearly a tie, at +13.4% for FNB and +16.9% for PHIN.
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 PHIN: side by side
| FNB (F.N.B. Corporation) | PHIN (PHINIA Inc.) | |
|---|---|---|
| 1-year return | +13.4% | +16.9% |
| 5-year return | +91.1% | n/a |
| Volatility (ann.) | 27.4% | 33.0% |
| Beta vs S&P 500 | 1.03 | 1.01 |
| Max drawdown (3Y) | -32.6% | -32.9% |
| Market cap | $6.6B | $2.5B |
| P/E (trailing) | 11.0 | 20.1 |
| Dividend yield | 2.65% | 1.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | PHIN |
|---|---|---|
| 2022 | +11.7% | – |
| 2023 | +9.8% | – |
| 2024 | +11.0% | +62.7% |
| 2025 | +19.4% | +33.0% |
| 2026 | +9.7% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and PHIN good diversifiers for each other?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between FNB and PHIN?
Using weekly returns as of 2026-08-27: 0.65 over 3 years, with 0.58 over the last year and n/a over 5 years.
Is PHIN a good diversifier for FNB?
To a limited degree. At 0.65 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.65 mean?
On the −1 to +1 scale, 0.65 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/fnb-vs-phin.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnb-vs-phin/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNB correlations · PHIN correlations
