CFG vs CSV: Correlation
How closely do Citizens Financial Group (CFG) and Carriage Services, Inc. (CSV) trade together? Their weekly returns over three years give a correlation of 0.52, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and CSV?
Across a 3-year window, the weekly returns of CFG and CSV correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.43 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.33, with an annualized covariance of 496.5 %².
Within CFG's tracked universe of 46 assets, CSV comes in at #34 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CFG outperformed by 61.5 percentage points (+39.3% for CFG against -22.2% for CSV).
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.
CFG vs CSV: side by side
| CFG (Citizens Financial Group) | CSV (Carriage Services, Inc.) | |
|---|---|---|
| 1-year return | +39.3% | -22.2% |
| 5-year return | +98.3% | -19.2% |
| Volatility (ann.) | 31.0% | 31.0% |
| Beta vs S&P 500 | 1.16 | 0.62 |
| Max drawdown (3Y) | -29.1% | -36.6% |
| Market cap | $29.6B | $0.5B |
| P/E (trailing) | 15.4 | 12.5 |
| Dividend yield | 2.55% | 1.29% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | CSV |
|---|---|---|
| 2022 | -13.4% | -56.7% |
| 2023 | -11.0% | -7.7% |
| 2024 | +38.0% | +61.8% |
| 2025 | +38.6% | +7.3% |
| 2026 | +22.7% | -18.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and CSV good diversifiers for each other?
Only partially. A correlation of 0.52 means CFG and CSV 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 CFG and CSV?
The CFG/CSV correlation stands at 0.52 on a 3-year window (1 year: 0.43, 5 years: 0.33), computed from weekly returns as of 2026-08-27.
Is CSV a good diversifier for CFG?
Only partially. A correlation of 0.52 means CFG and CSV share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.52 mean?
A reading of 0.52 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cfg-vs-csv.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CFG correlations · CSV correlations
