BCS vs DB: Correlation
Measured on weekly returns over the past three years, Barclays PLC (BCS) and Deutsche Bank AG (DB) carry a correlation of 0.71, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCS and DB?
Across a 3-year window, the weekly returns of BCS and DB correlate at 0.71, strong. Little has changed lately, as the 1-year reading of 0.80 lands near the 3-year figure. Stretching to 5 years gives 0.72, with an annualized covariance of 721.9 %².
DB is one of the assets that tracks BCS most closely: it ranks #2 out of the 15 assets we track against BCS. Correlation aside, the last 12 months split them widely, with BCS ahead by 18.1 points (+36.6% versus +18.5%).
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.
BCS vs DB: side by side
| BCS (Barclays PLC) | DB (Deutsche Bank AG) | |
|---|---|---|
| 1-year return | +36.6% | +18.5% |
| 5-year return | +214.7% | +278.5% |
| Volatility (ann.) | 30.9% | 32.7% |
| Beta vs S&P 500 | 1.27 | 1.08 |
| Max drawdown (3Y) | -26.2% | -29.7% |
| Market cap | $90.3B | $75.3B |
| P/E (trailing) | 10.3 | 10.5 |
| Dividend yield | 0.42% | 2.49% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCS | DB |
|---|---|---|
| 2022 | -21.9% | -5.9% |
| 2023 | +6.0% | +21.3% |
| 2024 | +76.3% | +29.5% |
| 2025 | +96.5% | +132.4% |
| 2026 | +8.0% | +7.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCS and DB good diversifiers for each other?
Only partially. A correlation of 0.71 means BCS and DB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BCS and DB?
As of 2026-08-27, the correlation of weekly returns between BCS and DB is 0.71 over 3 years, 0.80 over 1 year and 0.72 over 5 years.
Is DB a good diversifier for BCS?
Only partially. A correlation of 0.71 means BCS and DB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 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/bcs-vs-db.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcs-vs-db/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCS correlations · DB correlations
