FNB vs TRMK: Correlation
Measured on weekly returns over the past three years, F.N.B. Corporation (FNB) and Trustmark Corporation (TRMK) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and TRMK?
Across a 3-year window, the weekly returns of FNB and TRMK correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. Stretching to 5 years gives 0.79, with an annualized covariance of 648.3 %².
Within FNB's tracked universe of 53 assets, TRMK comes in at #13 by 3-year correlation. Twelve-month performance is nearly a tie, at +13.4% for FNB and +16.5% for TRMK.
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 TRMK: side by side
| FNB (F.N.B. Corporation) | TRMK (Trustmark Corporation) | |
|---|---|---|
| 1-year return | +13.4% | +16.5% |
| 5-year return | +91.1% | +69.7% |
| Volatility (ann.) | 27.4% | 27.0% |
| Beta vs S&P 500 | 1.03 | 0.91 |
| Max drawdown (3Y) | -32.6% | -22.0% |
| Market cap | $6.6B | $2.7B |
| P/E (trailing) | 11.0 | 11.8 |
| Dividend yield | 2.65% | 2.12% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | TRMK |
|---|---|---|
| 2022 | +11.7% | +10.7% |
| 2023 | +9.8% | -17.0% |
| 2024 | +11.0% | +30.6% |
| 2025 | +19.4% | +13.0% |
| 2026 | +9.7% | +20.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and TRMK good diversifiers for each other?
No. With a correlation of 0.88, FNB and TRMK move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FNB and TRMK?
As of 2026-08-27, the correlation of weekly returns between FNB and TRMK is 0.88 over 3 years, 0.83 over 1 year and 0.79 over 5 years.
Is TRMK a good diversifier for FNB?
No. With a correlation of 0.88, FNB and TRMK move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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
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Related comparisons
Hubs: FNB correlations · TRMK correlations
