CFG vs ENVA: Correlation
Citizens Financial Group (CFG) and Enova International, Inc. (ENVA) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and ENVA?
Over the past 3 years, CFG and ENVA moved with a correlation of 0.70, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.59 versus 0.70 over 3 years. Over 5 years the correlation is 0.62, and the annualized covariance of weekly returns is 881.6 %².
By 3-year correlation, ENVA places #26 of the 46 assets tracked against CFG. Their recent paths diverged sharply: over the last 12 months ENVA outperformed by 58.8 percentage points (+39.3% for CFG against +98.1% for ENVA).
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 ENVA: side by side
| CFG (Citizens Financial Group) | ENVA (Enova International, Inc.) | |
|---|---|---|
| 1-year return | +39.3% | +98.1% |
| 5-year return | +98.3% | +622.4% |
| Volatility (ann.) | 31.0% | 40.6% |
| Beta vs S&P 500 | 1.16 | 1.27 |
| Max drawdown (3Y) | -29.1% | -30.0% |
| Market cap | $29.6B | $5.9B |
| P/E (trailing) | 15.4 | 17.6 |
| Dividend yield | 2.55% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | ENVA |
|---|---|---|
| 2022 | -13.4% | -6.3% |
| 2023 | -11.0% | +44.3% |
| 2024 | +38.0% | +73.2% |
| 2025 | +38.6% | +64.0% |
| 2026 | +22.7% | +51.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and ENVA good diversifiers for each other?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CFG and ENVA?
Using weekly returns as of 2026-08-27: 0.70 over 3 years, with 0.59 over the last year and 0.62 over 5 years.
Is ENVA a good diversifier for CFG?
Somewhat, no more. With 0.70 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.70 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/cfg-vs-enva.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cfg-vs-enva/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFG correlations · ENVA correlations
