PNC vs WTFC: Correlation
How closely do PNC Financial Services (PNC) and Wintrust Financial Corporation (WTFC) trade together? Their weekly returns over three years give a correlation of 0.86, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNC and WTFC?
Across a 3-year window, the weekly returns of PNC and WTFC correlate at 0.86, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.87 lands near the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 605.9 %².
Among the 47 assets we track against PNC, WTFC ranks #14 by 3-year correlation. The trailing year gives PNC the advantage: +22.1% versus +12.7%, a 9.4-point spread.
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.
PNC vs WTFC: side by side
| PNC (PNC Financial Services) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +22.1% | +12.7% |
| 5-year return | +53.5% | +127.7% |
| Volatility (ann.) | 25.6% | 27.6% |
| Beta vs S&P 500 | 0.92 | 1.06 |
| Max drawdown (3Y) | -29.8% | -31.0% |
| Market cap | $97.1B | $10.3B |
| P/E (trailing) | 13.5 | 12.3 |
| Dividend yield | 2.78% | 1.37% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | PNC | WTFC |
|---|---|---|
| 2022 | -18.6% | -5.5% |
| 2023 | +2.7% | +12.0% |
| 2024 | +29.4% | +36.8% |
| 2025 | +12.2% | +13.9% |
| 2026 | +19.4% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNC and WTFC good diversifiers for each other?
No. With a correlation of 0.86, PNC and WTFC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between PNC and WTFC?
As of 2026-08-27, the correlation of weekly returns between PNC and WTFC is 0.86 over 3 years, 0.87 over 1 year and 0.82 over 5 years.
Is WTFC a good diversifier for PNC?
No. With a correlation of 0.86, PNC and WTFC 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.
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Related comparisons
Hubs: PNC correlations · WTFC correlations
