CFG vs SYF: Correlation
Measured on weekly returns over the past three years, Citizens Financial Group (CFG) and Synchrony Financial (SYF) carry a correlation of 0.75, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and SYF?
On 3 years of weekly data the CFG/SYF correlation comes out at 0.75, strong. Lately the two have drifted apart, with the 1-year correlation at 0.63 versus 0.75 over 3 years. The 5-year figure is 0.71, and annualized covariance runs at 728.6 %².
Within CFG's tracked universe of 46 assets, SYF comes in at #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CFG ahead by 32.0 points (+39.3% versus +7.3%). Across three years, the rolling one-year figure varied moderately, from 0.63 to 0.90.
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 SYF: side by side
| CFG (Citizens Financial Group) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | +39.3% | +7.3% |
| 5-year return | +98.3% | +81.0% |
| Volatility (ann.) | 31.0% | 31.6% |
| Beta vs S&P 500 | 1.16 | 1.28 |
| Max drawdown (3Y) | -29.1% | -37.7% |
| Market cap | $29.6B | $26.0B |
| P/E (trailing) | 15.4 | 8.2 |
| Dividend yield | 2.55% | 1.50% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CFG | SYF |
|---|---|---|
| 2022 | -13.4% | -27.4% |
| 2023 | -11.0% | +19.8% |
| 2024 | +38.0% | +74.0% |
| 2025 | +38.6% | +30.6% |
| 2026 | +22.7% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and SYF good diversifiers for each other?
Only partially. A correlation of 0.75 means CFG and SYF 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 SYF?
As of 2026-08-27, the correlation of weekly returns between CFG and SYF is 0.75 over 3 years, 0.63 over 1 year and 0.71 over 5 years.
Is SYF a good diversifier for CFG?
Only partially. A correlation of 0.75 means CFG and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.75 mean?
A reading of 0.75 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-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cfg-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFG correlations · SYF correlations
