BANC vs CFG: Correlation
Measured on weekly returns over the past three years, Banc of California, Inc. (BANC) and Citizens Financial Group (CFG) carry a correlation of 0.78, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BANC and CFG?
Across a 3-year window, the weekly returns of BANC and CFG correlate at 0.78, strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.78 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 809.2 %².
Within BANC's tracked universe of 14 assets, CFG comes in at #4 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CFG ahead by 24.6 points (+14.7% 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.
BANC vs CFG: side by side
| BANC (Banc of California, Inc.) | CFG (Citizens Financial Group) | |
|---|---|---|
| 1-year return | +14.7% | +39.3% |
| 5-year return | +18.5% | +98.3% |
| Volatility (ann.) | 33.4% | 31.0% |
| Beta vs S&P 500 | 1.08 | 1.16 |
| Max drawdown (3Y) | -31.2% | -29.1% |
| Market cap | $3.0B | $29.6B |
| P/E (trailing) | – | 15.4 |
| Dividend yield | 2.34% | 2.55% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BANC | CFG |
|---|---|---|
| 2022 | -17.7% | -13.4% |
| 2023 | -13.0% | -11.0% |
| 2024 | +18.3% | +38.0% |
| 2025 | +28.0% | +38.6% |
| 2026 | -1.6% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BANC and CFG good diversifiers for each other?
To a limited degree. At 0.78 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 BANC and CFG?
As of 2026-08-27, the correlation of weekly returns between BANC and CFG is 0.78 over 3 years, 0.71 over 1 year and 0.77 over 5 years.
Is CFG a good diversifier for BANC?
To a limited degree. At 0.78 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 0.78 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/banc-vs-cfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/banc-vs-cfg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BANC correlations · CFG correlations
