ALLY vs COF: Correlation
Measured on weekly returns over the past three years, Ally Financial Inc. (ALLY) and Capital One (COF) carry a correlation of 0.72, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ALLY and COF?
Over the past 3 years, ALLY and COF moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. Over 5 years the correlation is 0.76, and the annualized covariance of weekly returns is 762.7 %².
Among the 14 assets we track against ALLY, COF ranks #5 by 3-year correlation. The trailing year gives ALLY the advantage: +7.1% versus -2.0%, a 9.1-point spread.
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.
ALLY vs COF: side by side
| ALLY (Ally Financial Inc.) | COF (Capital One) | |
|---|---|---|
| 1-year return | +7.1% | -2.0% |
| 5-year return | -2.7% | +43.2% |
| Volatility (ann.) | 34.5% | 30.6% |
| Beta vs S&P 500 | 1.22 | 1.28 |
| Max drawdown (3Y) | -31.6% | -31.5% |
| Market cap | $13.0B | $132.9B |
| P/E (trailing) | 10.0 | 12.0 |
| Dividend yield | 2.82% | 1.38% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | ALLY | COF |
|---|---|---|
| 2022 | -46.9% | -34.6% |
| 2023 | +49.2% | +44.3% |
| 2024 | +6.4% | +38.2% |
| 2025 | +29.9% | +37.6% |
| 2026 | -3.6% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ALLY and COF good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ALLY and COF?
As of 2026-08-27, the correlation of weekly returns between ALLY and COF is 0.72 over 3 years, 0.76 over 1 year and 0.76 over 5 years.
Is COF a good diversifier for ALLY?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 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.
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Related comparisons
Hubs: ALLY correlations · COF correlations
