PNC vs. FITB

Last updated Jun 3, 2026

PNC (The PNC Financial Services Group, Inc.) and FITB (Fifth Third Bancorp) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, PNC returned 13.21%/yr vs 14.27%/yr for FITB. A 0.63 correlation means they provide meaningful diversification when combined.

Performance

PNC vs. FITB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The PNC Financial Services Group, Inc. (PNC) and Fifth Third Bancorp (FITB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PNC achieves a 7.51% return, which is significantly lower than FITB's 8.45% return. Over the past 10 years, PNC has underperformed FITB with an annualized return of 13.21%, while FITB has yielded a comparatively higher 14.27% annualized return.

PNC

• 1D: 2.28%
• 1M: 0.13%
• YTD: 7.51%
• 6M: 16.85%
• 1Y: 31.33%
• 3Y*: 26.13%
• 5Y*: 6.25%
• 10Y*: 13.21%

FITB

• 1D: 3.60%
• 1M: -0.24%
• YTD: 8.45%
• 6M: 17.07%
• 1Y: 36.86%
• 3Y*: 29.72%
• 5Y*: 7.52%
• 10Y*: 14.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PNC vs. FITB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PNC The PNC Financial Services Group, Inc.	7.51%	12.24%	29.39%	2.71%	-18.59%	38.18%	-2.78%	40.91%	-16.98%	25.95%
FITB Fifth Third Bancorp	8.45%	14.75%	27.20%	10.41%	-21.94%	62.46%	-5.43%	35.20%	-20.32%	15.02%

Correlation

The correlation between PNC and FITB is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.85
Correlation (10Y) Calculated over the trailing 10-year period	0.85
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990	0.63

Over the past year, PNC and FITB have become more correlated (0.85) than their long-term average of 0.63, meaning their price movements have been converging.

Fundamentals

Market Cap PNC : $90.86B FITB : $41.77B
EPS PNC : $18.09 FITB : $3.06
PE Ratio PNC : 12.22 FITB : 16.46
PS Ratio PNC : 2.75 FITB : 2.62
PB Ratio PNC : 1.43 FITB : 1.31
Total Revenue (TTM) PNC : $32.06B FITB : $13.66B
Gross Profit (TTM) PNC : $23.04B FITB : $9.10B
EBITDA (TTM) PNC : $8.83B FITB : $3.03B

Return for Risk

PNC vs. FITB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PNC

PNC Risk / Return Rank: 75
PNC Sharpe Ratio Rank: 81
PNC Sortino Ratio Rank: 75
PNC Omega Ratio Rank: 74
PNC Calmar Ratio Rank: 72
PNC Martin Ratio Rank: 72

FITB

FITB Risk / Return Rank: 75
FITB Sharpe Ratio Rank: 80
FITB Sortino Ratio Rank: 75
FITB Omega Ratio Rank: 75
FITB Calmar Ratio Rank: 71
FITB Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PNC vs. FITB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The PNC Financial Services Group, Inc. (PNC) and Fifth Third Bancorp (FITB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PNC	FITB	Difference
Sharpe ratio Return per unit of total volatility	1.48	1.45	+0.03
Sortino ratio Return per unit of downside risk	2.04	2.01	+0.04
Omega ratio Gain probability vs. loss probability	1.26	1.27	-0.01
Calmar ratio Return relative to maximum drawdown	1.83	1.72	+0.11
Martin ratio Return relative to average drawdown	4.18	4.84	-0.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PNC vs. FITB - Sharpe Ratio Comparison

The current PNC Sharpe Ratio is 1.48, which is comparable to the FITB Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of PNC and FITB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PNC	FITB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	1.45	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.24	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.39	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.30	0.21	+0.09

Drawdowns

PNC vs. FITB - Drawdown Comparison

The maximum PNC drawdown since its inception was -76.65%, smaller than the maximum FITB drawdown of -98.13%. Use the drawdown chart below to compare losses from any high point for PNC and FITB.

Drawdown Indicators

	PNC	FITB	Difference
Max Drawdown Largest peak-to-trough decline	-76.65%	-98.13%	+21.48%
Max Drawdown (1Y) Largest decline over 1 year	-17.21%	-21.21%	+4.00%
Max Drawdown (3Y) Largest decline over 3 years	-29.77%	-29.95%	+0.18%
Max Drawdown (5Y) Largest decline over 5 years	-47.98%	-51.68%	+3.70%
Max Drawdown (10Y) Largest decline over 10 years	-49.58%	-64.06%	+14.48%
Current Drawdown Current decline from peak	-8.16%	-7.84%	-0.32%
Average Drawdown Average peak-to-trough decline	-15.69%	-31.47%	+15.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.52%	7.53%	-0.01%

Volatility

PNC vs. FITB - Volatility Comparison

The current volatility for The PNC Financial Services Group, Inc. (PNC) is 5.90%, while Fifth Third Bancorp (FITB) has a volatility of 7.80%. This indicates that PNC experiences smaller price fluctuations and is considered to be less risky than FITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PNC	FITB	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.90%	7.80%	-1.90%
Volatility (6M) Calculated over the trailing 6-month period	16.16%	19.92%	-3.76%
Volatility (1Y) Calculated over the trailing 1-year period	21.28%	25.52%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.08%	31.87%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.69%	36.28%	-6.59%

Dividends

PNC vs. FITB - Dividend Comparison

PNC's dividend yield for the trailing twelve months is around 3.08%, less than FITB's 3.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FITB Fifth Third Bancorp	3.12%	3.29%	3.41%	3.94%	3.84%	2.62%	3.92%	3.06%	3.14%	1.98%	1.97%	2.59%
PNC The PNC Financial Services Group, Inc.	3.08%	3.16%	3.27%	3.94%	3.64%	2.39%	3.09%	2.63%	2.91%	1.80%	1.81%	2.11%

Financials

PNC vs. FITB - Profitability Comparison

The chart below illustrates the profitability comparison between The PNC Financial Services Group, Inc. and Fifth Third Bancorp over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PNC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a gross profit of 5.96B and revenue of 6.17B. Therefore, the gross margin over that period was 96.6%.

FITB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fifth Third Bancorp reported a gross profit of 2.60B and revenue of 3.87B. Therefore, the gross margin over that period was 67.3%.

PNC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported an operating income of 2.19B and revenue of 6.17B, resulting in an operating margin of 35.5%.

FITB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fifth Third Bancorp reported an operating income of 207.00M and revenue of 3.87B, resulting in an operating margin of 5.4%.

PNC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a net income of 1.77B and revenue of 6.17B, resulting in a net margin of 28.7%.

FITB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fifth Third Bancorp reported a net income of 165.00M and revenue of 3.87B, resulting in a net margin of 4.3%.

Frequently Asked Questions

Can I hold both PNC and FITB in my portfolio?

PNC and FITB have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PNC or FITB?

FITB has higher volatility (7.80%) compared to PNC (5.90%). In terms of maximum drawdown, PNC dropped -76.65% vs FITB's -98.13%.

Which has better risk-adjusted returns?

PNC currently has the higher Sharpe Ratio (1.48 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.