BFH vs COF: Correlation
Measured on weekly returns over the past three years, Bread Financial Holdings, Inc. (BFH) and Capital One (COF) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFH and COF?
Over the past 3 years, BFH and COF moved with a correlation of 0.68, which is strong. Recent behaviour matches the longer record: 0.70 over 1 year against 0.68 over 3. Over 5 years the correlation is 0.73, and the annualized covariance of weekly returns is 869.4 %².
In BFH's tracked universe of 11 assets, COF sits right near the top at #3. Correlation aside, the last 12 months split them widely, with BFH ahead by 68.8 points (+66.8% versus -2.0%).
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.
BFH vs COF: side by side
| BFH (Bread Financial Holdings, Inc.) | COF (Capital One) | |
|---|---|---|
| 1-year return | +66.8% | -2.0% |
| 5-year return | +55.9% | +43.2% |
| Volatility (ann.) | 42.0% | 30.6% |
| Beta vs S&P 500 | 1.26 | 1.28 |
| Max drawdown (3Y) | -36.7% | -31.5% |
| Market cap | $4.2B | $132.9B |
| P/E (trailing) | 8.3 | 12.0 |
| Dividend yield | 0.84% | 1.38% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BFH | COF |
|---|---|---|
| 2022 | -42.4% | -34.6% |
| 2023 | -10.2% | +44.3% |
| 2024 | +89.0% | +38.2% |
| 2025 | +23.1% | +37.6% |
| 2026 | +46.7% | -9.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFH and COF good diversifiers for each other?
Only partially. A correlation of 0.68 means BFH and COF 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 BFH and COF?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.70 over the last year and 0.73 over 5 years.
Is COF a good diversifier for BFH?
Only partially. A correlation of 0.68 means BFH and COF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.68 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: BFH correlations · COF correlations
