FNB vs UMBF: Correlation
F.N.B. Corporation (FNB) and UMB Financial Corporation (UMBF) show a very strong relationship: their 3-year correlation of weekly returns is 0.86.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and UMBF?
Across a 3-year window, the weekly returns of FNB and UMBF correlate at 0.86, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.82) sits close to the 3-year figure. Stretching to 5 years gives 0.81, with an annualized covariance of 670.7 %².
Among the 53 assets we track against FNB, UMBF ranks #22 by 3-year correlation. Over the last 12 months UMBF came out ahead by 5.8 percentage points (+13.4% against +19.2%).
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 UMBF: side by side
| FNB (F.N.B. Corporation) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | +13.4% | +19.2% |
| 5-year return | +91.1% | +73.4% |
| Volatility (ann.) | 27.4% | 28.4% |
| Beta vs S&P 500 | 1.03 | 1.01 |
| Max drawdown (3Y) | -32.6% | -31.8% |
| Market cap | $6.6B | $11.0B |
| P/E (trailing) | 11.0 | 11.9 |
| Dividend yield | 2.65% | 1.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | UMBF |
|---|---|---|
| 2022 | +11.7% | -20.0% |
| 2023 | +9.8% | +2.2% |
| 2024 | +11.0% | +37.3% |
| 2025 | +19.4% | +3.4% |
| 2026 | +9.7% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and UMBF good diversifiers for each other?
No. With a correlation of 0.86, FNB and UMBF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FNB and UMBF?
The FNB/UMBF correlation stands at 0.86 on a 3-year window (1 year: 0.82, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is UMBF a good diversifier for FNB?
No. With a correlation of 0.86, FNB and UMBF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.86 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-umbf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/fnb-vs-umbf/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FNB correlations · UMBF correlations
