C vs CFG: Correlation
Citigroup (C) and Citizens Financial Group (CFG) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and CFG?
On 3 years of weekly data the C/CFG correlation comes out at 0.73, strong. The link has loosened recently: the 1-year correlation (0.59) runs below the 3-year figure (0.73). The 5-year figure is 0.71, and annualized covariance runs at 685.5 %².
By 3-year correlation, CFG places #11 of the 33 assets tracked against C. Neither side won the trailing year by much: +39.9% against +39.3%. The rolling one-year correlation moved between 0.55 and 0.89 over the past three years, a moderate range.
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.
C vs CFG: side by side
| C (Citigroup) | CFG (Citizens Financial Group) | |
|---|---|---|
| 1-year return | +39.9% | +39.3% |
| 5-year return | +119.6% | +98.3% |
| Volatility (ann.) | 30.3% | 31.0% |
| Beta vs S&P 500 | 1.39 | 1.16 |
| Max drawdown (3Y) | -31.3% | -29.1% |
| Market cap | $222.6B | $29.6B |
| P/E (trailing) | 14.4 | 15.4 |
| Dividend yield | 1.80% | 2.55% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | C | CFG |
|---|---|---|
| 2022 | -22.1% | -13.4% |
| 2023 | +19.0% | -11.0% |
| 2024 | +41.9% | +38.0% |
| 2025 | +70.4% | +38.6% |
| 2026 | +15.4% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and CFG good diversifiers for each other?
Only partially. A correlation of 0.73 means C and CFG 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 C and CFG?
As of 2026-08-27, the correlation of weekly returns between C and CFG is 0.73 over 3 years, 0.59 over 1 year and 0.71 over 5 years.
Is CFG a good diversifier for C?
Only partially. A correlation of 0.73 means C and CFG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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/c-vs-cfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/c-vs-cfg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: C correlations · CFG correlations
