CFG vs MRBK: Correlation
Measured on weekly returns over the past three years, Citizens Financial Group (CFG) and Meridian Corporation (MRBK) carry a correlation of 0.60, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and MRBK?
Across a 3-year window, the weekly returns of CFG and MRBK correlate at 0.60, strong. The past 12 months show a tighter link (0.73) than the 3-year average (0.60). Stretching to 5 years gives 0.52, with an annualized covariance of 664.0 %².
Among the 46 assets we track against CFG, MRBK ranks #31 by 3-year correlation. The trailing year gives CFG the advantage: +39.3% versus +26.7%, a 12.6-point spread.
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 MRBK: side by side
| CFG (Citizens Financial Group) | MRBK (Meridian Corporation) | |
|---|---|---|
| 1-year return | +39.3% | +26.7% |
| 5-year return | +98.3% | +64.7% |
| Volatility (ann.) | 31.0% | 35.7% |
| Beta vs S&P 500 | 1.16 | 0.96 |
| Max drawdown (3Y) | -29.1% | -39.2% |
| Market cap | $29.6B | $0.2B |
| P/E (trailing) | 15.4 | 10.6 |
| Dividend yield | 2.55% | 2.81% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | MRBK |
|---|---|---|
| 2022 | -13.4% | -13.3% |
| 2023 | -11.0% | -4.1% |
| 2024 | +38.0% | +3.4% |
| 2025 | +38.6% | +32.7% |
| 2026 | +22.7% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and MRBK good diversifiers for each other?
Only partially. A correlation of 0.60 means CFG and MRBK 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 MRBK?
As of 2026-08-27, the correlation of weekly returns between CFG and MRBK is 0.60 over 3 years, 0.73 over 1 year and 0.52 over 5 years.
Is MRBK a good diversifier for CFG?
Only partially. A correlation of 0.60 means CFG and MRBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.60 mean?
A reading of 0.60 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
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Related comparisons
Hubs: CFG correlations · MRBK correlations
