Fifth Third Bancorp (FITB) — Stock Correlations & Overview
Over the past year, FITB has moved most closely with IAT, RF, FTXO. Explore the stocks most correlated and inversely correlated with FITB below, along with its price, financials, and company profile.
Stocks correlated with FITB
Correlation of daily returns. Higher positive values move with FITB; negative values move opposite it. Informational only, not investment advice.
Most correlated with FITB
| Symbol | Company | Correlation |
|---|---|---|
| IAT | iShares U.S. Regional Banks ETF | 0.93 |
| RF | Regions Financial Corp.NATIONAL COMMERCIAL BANKS | 0.90 |
| FTXO | First Trust Nasdaq Bank ETF | 0.89 |
| HBAN | Huntington Bancshares IncNATIONAL COMMERCIAL BANKS | 0.88 |
| CFG | Citizens Financial Group, Inc.STATE COMMERCIAL BANKS | 0.87 |
Most inversely correlated with FITB
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.85 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.72 |
| FAZ | Direxion Daily Financial Bear 3x ETF | -0.68 |
| SKF | ProShares UltraShort Financials | -0.68 |
| SEF | ProShares Short Financials | -0.68 |
Frequently asked questions about FITB correlations
- Which stocks are most correlated with FITB?
- Based on one year of daily returns, the stocks most correlated with Fifth Third Bancorp (FITB) are IAT (0.93), RF (0.90) and FTXO (0.89). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FITB?
- Over the past year, the stocks most inversely correlated with Fifth Third Bancorp (FITB) are SKRE (-0.85), BNKD (-0.72) and FAZ (-0.68). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FITB correlations calculated?
- We compute the correlation of daily returns between FITB and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.