CFG vs STT: Correlation
How closely do Citizens Financial Group (CFG) and State Street Corporation (STT) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and STT?
Over the past 3 years, CFG and STT moved with a correlation of 0.71, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.53 versus 0.71 over 3 years. Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 501.2 %².
Among the 46 assets we track against CFG, STT ranks #25 by 3-year correlation. The last year tells two different stories: STT led by 33.4 percentage points, +39.3% for CFG against +72.7% for STT. Across three years, the rolling one-year figure varied moderately, from 0.50 to 0.87.
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 STT: side by side
| CFG (Citizens Financial Group) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | +39.3% | +72.7% |
| 5-year return | +98.3% | +144.9% |
| Volatility (ann.) | 31.0% | 22.9% |
| Beta vs S&P 500 | 1.16 | 0.97 |
| Max drawdown (3Y) | -29.1% | -25.7% |
| Market cap | $29.6B | $53.1B |
| P/E (trailing) | 15.4 | 17.1 |
| Dividend yield | 2.55% | 1.74% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CFG | STT |
|---|---|---|
| 2022 | -13.4% | -13.8% |
| 2023 | -11.0% | +3.5% |
| 2024 | +38.0% | +30.2% |
| 2025 | +38.6% | +35.5% |
| 2026 | +22.7% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and STT good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CFG and STT?
The CFG/STT correlation stands at 0.71 on a 3-year window (1 year: 0.53, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is STT a good diversifier for CFG?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
A reading of 0.71 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: CFG correlations · STT correlations
