CFG vs SPRB: Correlation
Citizens Financial Group (CFG) and Spruce Biosciences, Inc. (SPRB) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and SPRB?
Over the past 3 years, CFG and SPRB moved with a correlation of -0.16, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.39) than the 3-year average (-0.16). Over 5 years the correlation is -0.11, and the annualized covariance of weekly returns is -5510.5 %².
By 3-year correlation, SPRB places #39 of the 46 assets tracked against CFG. The last year tells two different stories: SPRB led by 707.0 percentage points, +39.3% for CFG against +746.3% for SPRB. Risk is not evenly split, since SPRB carries 35.0 times the volatility of the other side.
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 SPRB: side by side
| CFG (Citizens Financial Group) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | +39.3% | +746.3% |
| 5-year return | +98.3% | -99.8% |
| Volatility (ann.) | 31.0% | 1086.4% |
| Beta vs S&P 500 | 1.16 | -7.82 |
| Max drawdown (3Y) | -29.1% | -100.0% |
| Market cap | $29.6B | $0.2B |
| P/E (trailing) | 15.4 | – |
| Dividend yield | 2.55% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CFG | SPRB |
|---|---|---|
| 2022 | -13.4% | -75.4% |
| 2023 | -11.0% | +167.1% |
| 2024 | +38.0% | -85.7% |
| 2025 | +38.6% | -96.3% |
| 2026 | +22.7% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and SPRB good diversifiers for each other?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CFG and SPRB?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.39 over the last year and -0.11 over 5 years.
Is SPRB a good diversifier for CFG?
Yes: at -0.16, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.16 mean?
A reading of -0.16 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-sprb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cfg-vs-sprb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CFG correlations · SPRB correlations
