C vs PNC: Correlation
Citigroup (C) and PNC Financial Services (PNC) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and PNC?
Over the past 3 years, C and PNC moved with a correlation of 0.72, which is strong. The relationship has been stable: the 1-year correlation (0.66) sits close to the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 559.0 %².
By 3-year correlation, PNC places #15 of the 33 assets tracked against C. The last year tells two different stories: C led by 17.8 percentage points, +39.9% for C against +22.1% for PNC. The link looks structural: the rolling one-year correlation barely moved, holding between 0.61 and 0.80.
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 PNC: side by side
| C (Citigroup) | PNC (PNC Financial Services) | |
|---|---|---|
| 1-year return | +39.9% | +22.1% |
| 5-year return | +119.6% | +53.5% |
| Volatility (ann.) | 30.3% | 25.6% |
| Beta vs S&P 500 | 1.39 | 0.92 |
| Max drawdown (3Y) | -31.3% | -29.8% |
| Market cap | $222.6B | $97.1B |
| P/E (trailing) | 14.4 | 13.5 |
| Dividend yield | 1.80% | 2.78% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | C | PNC |
|---|---|---|
| 2022 | -22.1% | -18.6% |
| 2023 | +19.0% | +2.7% |
| 2024 | +41.9% | +29.4% |
| 2025 | +70.4% | +12.2% |
| 2026 | +15.4% | +19.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and PNC good diversifiers for each other?
To a limited degree. At 0.72 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 C and PNC?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.66 over the last year and 0.70 over 5 years.
Is PNC a good diversifier for C?
To a limited degree. At 0.72 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 0.72 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-pnc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/c-vs-pnc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: C correlations · PNC correlations
