COF vs RF: Correlation
Capital One (COF) and Regions Financial Corporation (RF) show a strong relationship: their 3-year correlation of weekly returns is 0.72.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COF and RF?
Across a 3-year window, the weekly returns of COF and RF correlate at 0.72, strong. The past 12 months show a weaker link (0.56) than the 3-year average (0.72). Stretching to 5 years gives 0.74, with an annualized covariance of 643.7 %².
Within COF's tracked universe of 29 assets, RF comes in at #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with RF ahead by 17.4 points (-2.0% versus +15.4%). On a rolling one-year basis the correlation drifted between 0.54 and 0.87, a moderate band.
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.
COF vs RF: side by side
| COF (Capital One) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | -2.0% | +15.4% |
| 5-year return | +43.2% | +83.5% |
| Volatility (ann.) | 30.6% | 29.2% |
| Beta vs S&P 500 | 1.28 | 1.09 |
| Max drawdown (3Y) | -31.5% | -31.9% |
| Market cap | $132.9B | $25.9B |
| P/E (trailing) | 12.0 | 12.4 |
| Dividend yield | 1.38% | 3.45% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | COF | RF |
|---|---|---|
| 2022 | -34.6% | +2.3% |
| 2023 | +44.3% | -5.7% |
| 2024 | +38.2% | +27.0% |
| 2025 | +37.6% | +20.2% |
| 2026 | -9.6% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COF and RF good diversifiers for each other?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COF and RF?
The COF/RF correlation stands at 0.72 on a 3-year window (1 year: 0.56, 5 years: 0.74), computed from weekly returns as of 2026-08-27.
Is RF a good diversifier for COF?
Somewhat, no more. With 0.72 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.72 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/cof-vs-rf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cof-vs-rf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COF correlations · RF correlations
