FNB vs WTFC: Correlation
Measured on weekly returns over the past three years, F.N.B. Corporation (FNB) and Wintrust Financial Corporation (WTFC) carry a correlation of 0.92, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and WTFC?
Across a 3-year window, the weekly returns of FNB and WTFC correlate at 0.92, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.91 over 1 year against 0.92 over 3. Stretching to 5 years gives 0.89, with an annualized covariance of 698.8 %².
Few assets follow FNB as closely as WTFC, which ranks #2 of 53 tracked partners. Their 12-month results are close: +13.4% for FNB against +12.7% for WTFC.
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 WTFC: side by side
| FNB (F.N.B. Corporation) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +13.4% | +12.7% |
| 5-year return | +91.1% | +127.7% |
| Volatility (ann.) | 27.4% | 27.6% |
| Beta vs S&P 500 | 1.03 | 1.06 |
| Max drawdown (3Y) | -32.6% | -31.0% |
| Market cap | $6.6B | $10.3B |
| P/E (trailing) | 11.0 | 12.3 |
| Dividend yield | 2.65% | 1.37% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FNB | WTFC |
|---|---|---|
| 2022 | +11.7% | -5.5% |
| 2023 | +9.8% | +12.0% |
| 2024 | +11.0% | +36.8% |
| 2025 | +19.4% | +13.9% |
| 2026 | +9.7% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and WTFC good diversifiers for each other?
No. With a correlation of 0.92, FNB and WTFC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between FNB and WTFC?
Using weekly returns as of 2026-08-27: 0.92 over 3 years, with 0.91 over the last year and 0.89 over 5 years.
Is WTFC a good diversifier for FNB?
No. With a correlation of 0.92, FNB and WTFC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.92 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-wtfc.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnb-vs-wtfc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: FNB correlations · WTFC correlations
