C vs TFC: Correlation
Measured on weekly returns over the past three years, Citigroup (C) and Truist Financial (TFC) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and TFC?
Across a 3-year window, the weekly returns of C and TFC correlate at 0.73, strong. The link has loosened recently: the 1-year correlation (0.62) runs below the 3-year figure (0.73). Stretching to 5 years gives 0.70, with an annualized covariance of 618.6 %².
Within C's tracked universe of 33 assets, TFC comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months C outperformed by 27.8 percentage points (+39.9% for C against +12.1% for TFC). On a rolling one-year basis the correlation drifted between 0.58 and 0.86, a moderate band.
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 TFC: side by side
| C (Citigroup) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +39.9% | +12.1% |
| 5-year return | +119.6% | +12.7% |
| Volatility (ann.) | 30.3% | 28.0% |
| Beta vs S&P 500 | 1.39 | 1.07 |
| Max drawdown (3Y) | -31.3% | -26.9% |
| Market cap | $222.6B | $61.4B |
| P/E (trailing) | 14.4 | 11.6 |
| Dividend yield | 1.80% | 4.10% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | C | TFC |
|---|---|---|
| 2022 | -22.1% | -23.5% |
| 2023 | +19.0% | -8.6% |
| 2024 | +41.9% | +23.7% |
| 2025 | +70.4% | +19.0% |
| 2026 | +15.4% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and TFC good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between C and TFC?
The C/TFC correlation stands at 0.73 on a 3-year window (1 year: 0.62, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is TFC a good diversifier for C?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
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-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/c-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: C correlations · TFC correlations
