TFC vs USB: Correlation
Measured on weekly returns over the past three years, Truist Financial (TFC) and U.S. Bancorp (USB) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TFC and USB?
Across a 3-year window, the weekly returns of TFC and USB correlate at 0.87, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.88) sits close to the 3-year figure. Stretching to 5 years gives 0.86, with an annualized covariance of 666.4 %².
Within TFC's tracked universe of 39 assets, USB comes in at #7 by 3-year correlation. The last year tells two different stories: USB led by 21.0 percentage points, +12.1% for TFC against +33.1% for USB. The rolling one-year correlation stayed in a tight band between 0.76 and 0.93 over the past three years, which points to a structural rather than episodic relationship.
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.
TFC vs USB: side by side
| TFC (Truist Financial) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +12.1% | +33.1% |
| 5-year return | +12.7% | +36.0% |
| Volatility (ann.) | 28.0% | 27.3% |
| Beta vs S&P 500 | 1.07 | 1.09 |
| Max drawdown (3Y) | -26.9% | -30.6% |
| Market cap | $61.4B | $97.2B |
| P/E (trailing) | 11.6 | 12.5 |
| Dividend yield | 4.10% | 3.31% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | TFC | USB |
|---|---|---|
| 2022 | -23.5% | -19.1% |
| 2023 | -8.6% | +4.8% |
| 2024 | +23.7% | +15.6% |
| 2025 | +19.0% | +16.5% |
| 2026 | +5.4% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TFC and USB good diversifiers for each other?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between TFC and USB?
As of 2026-08-27, the correlation of weekly returns between TFC and USB is 0.87 over 3 years, 0.88 over 1 year and 0.86 over 5 years.
Is USB a good diversifier for TFC?
Not really. At 0.87, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.87 mean?
A reading of 0.87 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tfc-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tfc-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TFC correlations · USB correlations
