CFG vs MYFW: Correlation
Measured on weekly returns over the past three years, Citizens Financial Group (CFG) and First Western Financial, Inc. (MYFW) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and MYFW?
Across a 3-year window, the weekly returns of CFG and MYFW correlate at 0.65, strong. The link has loosened recently: the 1-year correlation (0.48) runs below the 3-year figure (0.65). Stretching to 5 years gives 0.64, with an annualized covariance of 696.8 %².
By 3-year correlation, MYFW places #28 of the 46 assets tracked against CFG. Over the last 12 months CFG came out ahead by 6.2 percentage points (+39.3% against +33.1%).
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 MYFW: side by side
| CFG (Citizens Financial Group) | MYFW (First Western Financial, Inc.) | |
|---|---|---|
| 1-year return | +39.3% | +33.1% |
| 5-year return | +98.3% | +13.7% |
| Volatility (ann.) | 31.0% | 34.7% |
| Beta vs S&P 500 | 1.16 | 1.08 |
| Max drawdown (3Y) | -29.1% | -37.4% |
| Market cap | $29.6B | $0.3B |
| P/E (trailing) | 15.4 | 16.5 |
| Dividend yield | 2.55% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | MYFW |
|---|---|---|
| 2022 | -13.4% | -7.3% |
| 2023 | -11.0% | -29.6% |
| 2024 | +38.0% | -1.4% |
| 2025 | +38.6% | +37.1% |
| 2026 | +22.7% | +15.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and MYFW good diversifiers for each other?
To a limited degree. At 0.65 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 CFG and MYFW?
The CFG/MYFW correlation stands at 0.65 on a 3-year window (1 year: 0.48, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is MYFW a good diversifier for CFG?
To a limited degree. At 0.65 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 0.65 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: CFG correlations · MYFW correlations
