ABCB vs CFG: Correlation
Measured on weekly returns over the past three years, Ameris Bancorp (ABCB) and Citizens Financial Group (CFG) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABCB and CFG?
Across a 3-year window, the weekly returns of ABCB and CFG correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.82 lands near the 3-year figure. Stretching to 5 years gives 0.82, with an annualized covariance of 813.9 %².
Within ABCB's tracked universe of 49 assets, CFG comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CFG ahead by 22.4 points (+16.9% versus +39.3%).
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.
ABCB vs CFG: side by side
| ABCB (Ameris Bancorp) | CFG (Citizens Financial Group) | |
|---|---|---|
| 1-year return | +16.9% | +39.3% |
| 5-year return | +86.9% | +98.3% |
| Volatility (ann.) | 29.7% | 31.0% |
| Beta vs S&P 500 | 1.06 | 1.16 |
| Max drawdown (3Y) | -29.5% | -29.1% |
| Market cap | $5.7B | $29.6B |
| P/E (trailing) | 15.5 | 15.4 |
| Dividend yield | 0.93% | 2.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ABCB | CFG |
|---|---|---|
| 2022 | -3.8% | -13.4% |
| 2023 | +14.3% | -11.0% |
| 2024 | +19.4% | +38.0% |
| 2025 | +20.1% | +38.6% |
| 2026 | +15.5% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABCB and CFG good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between ABCB and CFG?
As of 2026-08-27, the correlation of weekly returns between ABCB and CFG is 0.88 over 3 years, 0.82 over 1 year and 0.82 over 5 years.
Is CFG a good diversifier for ABCB?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abcb-vs-cfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abcb-vs-cfg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABCB correlations · CFG correlations
