CFG vs MCHB: Correlation
Citizens Financial Group (CFG) and Mechanics Bancorp (MCHB) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and MCHB?
Across a 3-year window, the weekly returns of CFG and MCHB correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.46 lands near the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 1041.5 %².
By 3-year correlation, MCHB places #33 of the 46 assets tracked against CFG. Over the last 12 months CFG came out ahead by 13.3 percentage points (+39.3% against +26.0%). Note the risk asymmetry: MCHB runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 MCHB: side by side
| CFG (Citizens Financial Group) | MCHB (Mechanics Bancorp) | |
|---|---|---|
| 1-year return | +39.3% | +26.0% |
| 5-year return | +98.3% | -51.9% |
| Volatility (ann.) | 31.0% | 63.9% |
| Beta vs S&P 500 | 1.16 | 1.12 |
| Max drawdown (3Y) | -29.1% | -56.1% |
| Market cap | $29.6B | $3.6B |
| P/E (trailing) | 15.4 | 12.3 |
| Dividend yield | 2.55% | 8.16% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | MCHB |
|---|---|---|
| 2022 | -13.4% | -44.8% |
| 2023 | -11.0% | -60.6% |
| 2024 | +38.0% | +10.9% |
| 2025 | +38.6% | +29.9% |
| 2026 | +22.7% | +18.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and MCHB good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CFG and MCHB?
As of 2026-08-27, the correlation of weekly returns between CFG and MCHB is 0.53 over 3 years, 0.46 over 1 year and 0.49 over 5 years.
Is MCHB a good diversifier for CFG?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cfg-vs-mchb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cfg-vs-mchb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CFG correlations · MCHB correlations
