FNB vs PNC: Correlation
F.N.B. Corporation (FNB) and PNC Financial Services (PNC) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and PNC?
Across a 3-year window, the weekly returns of FNB and PNC correlate at 0.87, 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 0.82, with an annualized covariance of 611.7 %².
By 3-year correlation, PNC places #14 of the 53 assets tracked against FNB. The trailing year gives PNC the advantage: +13.4% versus +22.1%, a 8.7-point spread.
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 PNC: side by side
| FNB (F.N.B. Corporation) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +13.4% | +22.1% |
| 5-year return | +91.1% | +53.5% |
| Volatility (ann.) | 27.4% | 25.6% |
| Beta vs S&P 500 | 1.03 | 0.92 |
| Max drawdown (3Y) | -32.6% | -29.8% |
| Market cap | $6.6B | $97.1B |
| P/E (trailing) | 11.0 | 13.5 |
| Dividend yield | 2.65% | 2.78% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FNB | PNC |
|---|---|---|
| 2022 | +11.7% | -18.6% |
| 2023 | +9.8% | +2.7% |
| 2024 | +11.0% | +29.4% |
| 2025 | +19.4% | +12.2% |
| 2026 | +9.7% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and PNC good diversifiers for each other?
No. With a correlation of 0.87, FNB and PNC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FNB and PNC?
As of 2026-08-27, the correlation of weekly returns between FNB and PNC is 0.87 over 3 years, 0.89 over 1 year and 0.82 over 5 years.
Is PNC a good diversifier for FNB?
No. With a correlation of 0.87, FNB and PNC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 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-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnb-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNB correlations · PNC correlations
