CFG vs WFC: Correlation
Citizens Financial Group (CFG) and Wells Fargo (WFC) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and WFC?
Across a 3-year window, the weekly returns of CFG and WFC correlate at 0.75, strong. Recent behaviour matches the longer record: 0.69 over 1 year against 0.75 over 3. Stretching to 5 years gives 0.77, with an annualized covariance of 686.3 %².
Within CFG's tracked universe of 46 assets, WFC comes in at #22 by 3-year correlation. The last year tells two different stories: CFG led by 34.1 percentage points, +39.3% for CFG against +5.2% for WFC. The rolling one-year correlation moved between 0.60 and 0.91 over the past three years, a moderate range.
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 WFC: side by side
| CFG (Citizens Financial Group) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +39.3% | +5.2% |
| 5-year return | +98.3% | +98.3% |
| Volatility (ann.) | 31.0% | 29.7% |
| Beta vs S&P 500 | 1.16 | 0.98 |
| Max drawdown (3Y) | -29.1% | -24.7% |
| Market cap | $29.6B | $256.9B |
| P/E (trailing) | 15.4 | 12.4 |
| Dividend yield | 2.55% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CFG | WFC |
|---|---|---|
| 2022 | -13.4% | -11.9% |
| 2023 | -11.0% | +22.9% |
| 2024 | +38.0% | +46.5% |
| 2025 | +38.6% | +35.6% |
| 2026 | +22.7% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and WFC good diversifiers for each other?
Only partially. A correlation of 0.75 means CFG and WFC 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 WFC?
As of 2026-08-27, the correlation of weekly returns between CFG and WFC is 0.75 over 3 years, 0.69 over 1 year and 0.77 over 5 years.
Is WFC a good diversifier for CFG?
Only partially. A correlation of 0.75 means CFG and WFC 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.
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Related comparisons
Hubs: CFG correlations · WFC correlations
