BAC vs C: Correlation
Measured on weekly returns over the past three years, Bank of America (BAC) and Citigroup (C) carry a correlation of 0.83, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and C?
Over the past 3 years, BAC and C moved with a correlation of 0.83, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.77 over 1 year against 0.83 over 3. Over 5 years the correlation is 0.81, and the annualized covariance of weekly returns is 661.5 %².
In BAC's tracked universe of 45 assets, C sits right near the top at #3. The last year tells two different stories: C led by 15.8 percentage points, +24.1% for BAC against +39.9% for C. Stability stands out here, with the rolling one-year correlation confined to 0.73 through 0.92.
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.
BAC vs C: side by side
| BAC (Bank of America) | C (Citigroup) | |
|---|---|---|
| 1-year return | +24.1% | +39.9% |
| 5-year return | +66.0% | +119.6% |
| Volatility (ann.) | 26.5% | 30.3% |
| Beta vs S&P 500 | 1.11 | 1.39 |
| Max drawdown (3Y) | -27.5% | -31.3% |
| Market cap | $427.7B | $222.6B |
| P/E (trailing) | 14.1 | 14.4 |
| Dividend yield | 1.80% | 1.80% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BAC | C |
|---|---|---|
| 2022 | -23.8% | -22.1% |
| 2023 | +4.8% | +19.0% |
| 2024 | +33.9% | +41.9% |
| 2025 | +28.0% | +70.4% |
| 2026 | +12.4% | +15.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and C good diversifiers for each other?
No: a correlation of 0.83 means BAC and C tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between BAC and C?
The BAC/C correlation stands at 0.83 on a 3-year window (1 year: 0.77, 5 years: 0.81), computed from weekly returns as of 2026-08-27.
Is C a good diversifier for BAC?
No: a correlation of 0.83 means BAC and C tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.83 mean?
On the −1 to +1 scale, 0.83 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bac-vs-c.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bac-vs-c/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BAC correlations · C correlations
