MET vs PNC: Correlation
Measured on weekly returns over the past three years, MetLife (MET) and PNC Financial Services (PNC) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MET and PNC?
On 3 years of weekly data the MET/PNC correlation comes out at 0.66, strong. The link has loosened recently: the 1-year correlation (0.47) runs below the 3-year figure (0.66). The 5-year figure is 0.71, and annualized covariance runs at 396.5 %².
By 3-year correlation, PNC places #16 of the 37 assets tracked against MET. Twelve-month performance is nearly a tie, at +22.1% for MET and +22.1% for PNC. Across three years, the rolling one-year figure varied moderately, from 0.47 to 0.83.
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.
MET vs PNC: side by side
| MET (MetLife) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +22.1% | +22.1% |
| 5-year return | +80.8% | +53.5% |
| Volatility (ann.) | 23.3% | 25.6% |
| Beta vs S&P 500 | 0.89 | 0.92 |
| Max drawdown (3Y) | -22.0% | -29.8% |
| Market cap | $61.2B | $97.1B |
| P/E (trailing) | 18.5 | 13.5 |
| Dividend yield | 2.38% | 2.78% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | MET | PNC |
|---|---|---|
| 2022 | +19.2% | -18.6% |
| 2023 | -5.5% | +2.7% |
| 2024 | +27.7% | +29.4% |
| 2025 | -0.8% | +12.2% |
| 2026 | +24.5% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MET and PNC good diversifiers for each other?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MET and PNC?
The MET/PNC correlation stands at 0.66 on a 3-year window (1 year: 0.47, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is PNC a good diversifier for MET?
To a limited degree. At 0.66 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.66 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/met-vs-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/met-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MET correlations · PNC correlations
