BAC vs RF: Correlation
Measured on weekly returns over the past three years, Bank of America (BAC) and Regions Financial Corporation (RF) carry a correlation of 0.81, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and RF?
On 3 years of weekly data the BAC/RF correlation comes out at 0.81, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.79, and annualized covariance runs at 628.0 %².
By 3-year correlation, RF places #11 of the 45 assets tracked against BAC. Over the last 12 months BAC came out ahead by 8.7 percentage points (+24.1% against +15.4%). The rolling one-year correlation stayed in a tight band between 0.68 and 0.89 over the past three years, which points to a structural rather than episodic relationship.
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 RF: side by side
| BAC (Bank of America) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | +24.1% | +15.4% |
| 5-year return | +66.0% | +83.5% |
| Volatility (ann.) | 26.5% | 29.2% |
| Beta vs S&P 500 | 1.11 | 1.09 |
| Max drawdown (3Y) | -27.5% | -31.9% |
| Market cap | $427.7B | $25.9B |
| P/E (trailing) | 14.1 | 12.4 |
| Dividend yield | 1.80% | 3.45% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BAC | RF |
|---|---|---|
| 2022 | -23.8% | +2.3% |
| 2023 | +4.8% | -5.7% |
| 2024 | +33.9% | +27.0% |
| 2025 | +28.0% | +20.2% |
| 2026 | +12.4% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and RF good diversifiers for each other?
No. With a correlation of 0.81, BAC and RF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BAC and RF?
Using weekly returns as of 2026-08-27: 0.81 over 3 years, with 0.76 over the last year and 0.79 over 5 years.
Is RF a good diversifier for BAC?
No. With a correlation of 0.81, BAC and RF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.81 mean?
On the −1 to +1 scale, 0.81 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
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Related comparisons
Hubs: BAC correlations · RF correlations
