CIA vs NEWT: Correlation
Measured on weekly returns over the past three years, Citizens, Inc. (CIA) and NewtekOne, Inc. (NEWT) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CIA and NEWT?
Across a 3-year window, the weekly returns of CIA and NEWT correlate at 0.36, moderate. Recent behaviour matches the longer record: 0.34 over 1 year against 0.36 over 3. Stretching to 5 years gives 0.23, with an annualized covariance of 774.0 %².
NEWT is one of the assets that tracks CIA most closely: it ranks #3 out of the 10 assets we track against CIA. Correlation aside, the last 12 months split them widely, with NEWT ahead by 34.0 points (-28.1% versus +5.9%).
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.
CIA vs NEWT: side by side
| CIA (Citizens, Inc.) | NEWT (NewtekOne, Inc.) | |
|---|---|---|
| 1-year return | -28.1% | +5.9% |
| 5-year return | -33.4% | -35.1% |
| Volatility (ann.) | 55.3% | 38.9% |
| Beta vs S&P 500 | 0.92 | 1.15 |
| Max drawdown (3Y) | -47.5% | -43.8% |
| Market cap | $0.2B | $0.4B |
| P/E (trailing) | 17.8 | 5.6 |
| Dividend yield | 0.00% | 6.16% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CIA | NEWT |
|---|---|---|
| 2022 | -59.9% | -33.2% |
| 2023 | +26.3% | -10.7% |
| 2024 | +49.1% | -1.6% |
| 2025 | +20.4% | -4.9% |
| 2026 | -18.8% | +11.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CIA and NEWT good diversifiers for each other?
Reasonably. At 0.36, CIA and NEWT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between CIA and NEWT?
The CIA/NEWT correlation stands at 0.36 on a 3-year window (1 year: 0.34, 5 years: 0.23), computed from weekly returns as of 2026-08-27.
Is NEWT a good diversifier for CIA?
Reasonably. At 0.36, CIA and NEWT keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.36 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
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Related comparisons
Hubs: CIA correlations · NEWT correlations
