CFG vs USB: Correlation
Measured on weekly returns over the past three years, Citizens Financial Group (CFG) and U.S. Bancorp (USB) carry a correlation of 0.89, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and USB?
On 3 years of weekly data the CFG/USB correlation comes out at 0.89, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.93) sits close to the 3-year figure. The 5-year figure is 0.86, and annualized covariance runs at 753.4 %².
By 3-year correlation, USB places #10 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%). Stability stands out here, with the rolling one-year correlation confined to 0.78 through 0.94.
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 USB: side by side
| CFG (Citizens Financial Group) | USB (U.S. Bancorp) | |
|---|---|---|
| 1-year return | +39.3% | +33.1% |
| 5-year return | +98.3% | +36.0% |
| Volatility (ann.) | 31.0% | 27.3% |
| Beta vs S&P 500 | 1.16 | 1.09 |
| Max drawdown (3Y) | -29.1% | -30.6% |
| Market cap | $29.6B | $97.2B |
| P/E (trailing) | 15.4 | 12.5 |
| Dividend yield | 2.55% | 3.31% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CFG | USB |
|---|---|---|
| 2022 | -13.4% | -19.1% |
| 2023 | -11.0% | +4.8% |
| 2024 | +38.0% | +15.6% |
| 2025 | +38.6% | +16.5% |
| 2026 | +22.7% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and USB good diversifiers for each other?
No: a correlation of 0.89 means CFG and USB tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between CFG and USB?
The CFG/USB correlation stands at 0.89 on a 3-year window (1 year: 0.93, 5 years: 0.86), computed from weekly returns as of 2026-08-27.
Is USB a good diversifier for CFG?
No: a correlation of 0.89 means CFG and USB tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.89 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cfg-vs-usb.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cfg-vs-usb/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CFG correlations · USB correlations
