C vs WFC: Correlation
Measured on weekly returns over the past three years, Citigroup (C) and Wells Fargo (WFC) carry a correlation of 0.74, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and WFC?
On 3 years of weekly data the C/WFC correlation comes out at 0.74, strong. The relationship has been stable: the 1-year correlation (0.69) sits close to the 3-year figure. The 5-year figure is 0.74, and annualized covariance runs at 663.2 %².
Among the 33 assets we track against C, WFC ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with C ahead by 34.7 points (+39.9% versus +5.2%). On a rolling one-year basis the correlation drifted between 0.59 and 0.87, 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 WFC: side by side
| C (Citigroup) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +39.9% | +5.2% |
| 5-year return | +119.6% | +98.3% |
| Volatility (ann.) | 30.3% | 29.7% |
| Beta vs S&P 500 | 1.39 | 0.98 |
| Max drawdown (3Y) | -31.3% | -24.7% |
| Market cap | $222.6B | $256.9B |
| P/E (trailing) | 14.4 | 12.4 |
| Dividend yield | 1.80% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | C | WFC |
|---|---|---|
| 2022 | -22.1% | -11.9% |
| 2023 | +19.0% | +22.9% |
| 2024 | +41.9% | +46.5% |
| 2025 | +70.4% | +35.6% |
| 2026 | +15.4% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and WFC good diversifiers for each other?
To a limited degree. At 0.74 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 WFC?
As of 2026-08-27, the correlation of weekly returns between C and WFC is 0.74 over 3 years, 0.69 over 1 year and 0.74 over 5 years.
Is WFC a good diversifier for C?
To a limited degree. At 0.74 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 0.74 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: C correlations · WFC correlations
