FNB vs RRR: Correlation
F.N.B. Corporation (FNB) and Red Rock Resorts, Inc. (RRR) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and RRR?
On 3 years of weekly data the FNB/RRR correlation comes out at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.64 lands near the 3-year figure. The 5-year figure is 0.49, and annualized covariance runs at 475.3 %².
Within FNB's tracked universe of 53 assets, RRR comes in at #47 by 3-year correlation. The last year tells two different stories: FNB led by 17.6 percentage points, +13.4% for FNB against -4.2% for RRR.
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 RRR: side by side
| FNB (F.N.B. Corporation) | RRR (Red Rock Resorts, Inc.) | |
|---|---|---|
| 1-year return | +13.4% | -4.2% |
| 5-year return | +91.1% | +60.9% |
| Volatility (ann.) | 27.4% | 32.0% |
| Beta vs S&P 500 | 1.03 | 0.90 |
| Max drawdown (3Y) | -32.6% | -38.6% |
| Market cap | $6.6B | $6.0B |
| P/E (trailing) | 11.0 | 20.6 |
| Dividend yield | 2.65% | 1.73% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | RRR |
|---|---|---|
| 2022 | +11.7% | -23.7% |
| 2023 | +9.8% | +36.3% |
| 2024 | +11.0% | -10.1% |
| 2025 | +19.4% | +39.5% |
| 2026 | +9.7% | -3.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and RRR good diversifiers for each other?
Only partially. A correlation of 0.54 means FNB and RRR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FNB and RRR?
Using weekly returns as of 2026-08-27: 0.54 over 3 years, with 0.64 over the last year and 0.49 over 5 years.
Is RRR a good diversifier for FNB?
Only partially. A correlation of 0.54 means FNB and RRR share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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-rrr.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnb-vs-rrr/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNB correlations · RRR correlations
