FNB vs TFC: Correlation
F.N.B. Corporation (FNB) and Truist Financial (TFC) 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 TFC?
On 3 years of weekly data the FNB/TFC correlation comes out 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. The 5-year figure is 0.79, and annualized covariance runs at 665.2 %².
Within FNB's tracked universe of 53 assets, TFC comes in at #16 by 3-year correlation. Neither side won the trailing year by much: +13.4% against +12.1%.
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 TFC: side by side
| FNB (F.N.B. Corporation) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +13.4% | +12.1% |
| 5-year return | +91.1% | +12.7% |
| Volatility (ann.) | 27.4% | 28.0% |
| Beta vs S&P 500 | 1.03 | 1.07 |
| Max drawdown (3Y) | -32.6% | -26.9% |
| Market cap | $6.6B | $61.4B |
| P/E (trailing) | 11.0 | 11.6 |
| Dividend yield | 2.65% | 4.10% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FNB | TFC |
|---|---|---|
| 2022 | +11.7% | -23.5% |
| 2023 | +9.8% | -8.6% |
| 2024 | +11.0% | +23.7% |
| 2025 | +19.4% | +19.0% |
| 2026 | +9.7% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and TFC good diversifiers for each other?
No. With a correlation of 0.87, FNB and TFC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FNB and TFC?
As of 2026-08-27, the correlation of weekly returns between FNB and TFC is 0.87 over 3 years, 0.89 over 1 year and 0.79 over 5 years.
Is TFC a good diversifier for FNB?
No. With a correlation of 0.87, FNB and TFC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fnb-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNB correlations · TFC correlations
