Truist Financial Corporation (TFC) — Stock Correlations & Overview
Over the past year, TFC has moved most closely with IAT, FTXO, RF. Explore the stocks most correlated and inversely correlated with TFC below, along with its price, financials, and company profile.
Stocks correlated with TFC
Correlation of daily returns. Higher positive values move with TFC; negative values move opposite it. Informational only, not investment advice.
Most correlated with TFC
| Symbol | Company | Correlation |
|---|---|---|
| IAT | iShares U.S. Regional Banks ETF | 0.92 |
| FTXO | First Trust Nasdaq Bank ETF | 0.89 |
| RF | Regions Financial Corp.NATIONAL COMMERCIAL BANKS | 0.87 |
| FITB | Fifth Third BancorpSTATE COMMERCIAL BANKS | 0.85 |
| KBE | State Street SPDR S&P Bank ETF | 0.84 |
Most inversely correlated with TFC
| Symbol | Company | Correlation |
|---|---|---|
| SKRE | Tuttle Capital Daily 2X Inverse Regional Banks ETF | -0.84 |
| 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 | -0.70 |
| SEF | ProShares Short Financials | -0.70 |
| SKF | ProShares UltraShort Financials | -0.70 |
Frequently asked questions about TFC correlations
- Which stocks are most correlated with TFC?
- Based on one year of daily returns, the stocks most correlated with Truist Financial Corporation (TFC) are IAT (0.92), FTXO (0.89) and RF (0.87). 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 TFC?
- Over the past year, the stocks most inversely correlated with Truist Financial Corporation (TFC) are SKRE (-0.84), BNKD (-0.72) and FAZ (-0.70). 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 TFC correlations calculated?
- We compute the correlation of daily returns between TFC 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.
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