COF vs WFC: Correlation
How closely do Capital One (COF) and Wells Fargo (WFC) trade together? Their weekly returns over three years give a correlation of 0.71, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COF and WFC?
Across a 3-year window, the weekly returns of COF and WFC correlate at 0.71, strong. The past 12 months show a weaker link (0.58) than the 3-year average (0.71). Stretching to 5 years gives 0.73, with an annualized covariance of 648.5 %².
Within COF's tracked universe of 29 assets, WFC comes in at #16 by 3-year correlation. On 12-month performance WFC holds a 7.2-point edge, -2.0% against +5.2%. Across three years, the rolling one-year figure varied moderately, from 0.55 to 0.87.
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 WFC: side by side
| COF (Capital One) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | -2.0% | +5.2% |
| 5-year return | +43.2% | +98.3% |
| Volatility (ann.) | 30.6% | 29.7% |
| Beta vs S&P 500 | 1.28 | 0.98 |
| Max drawdown (3Y) | -31.5% | -24.7% |
| Market cap | $132.9B | $256.9B |
| P/E (trailing) | 12.0 | 12.4 |
| Dividend yield | 1.38% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | COF | WFC |
|---|---|---|
| 2022 | -34.6% | -11.9% |
| 2023 | +44.3% | +22.9% |
| 2024 | +38.2% | +46.5% |
| 2025 | +37.6% | +35.6% |
| 2026 | -9.6% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COF and WFC good diversifiers for each other?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between COF and WFC?
As of 2026-08-27, the correlation of weekly returns between COF and WFC is 0.71 over 3 years, 0.58 over 1 year and 0.73 over 5 years.
Is WFC a good diversifier for COF?
Somewhat, no more. With 0.71 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.71 mean?
On the −1 to +1 scale, 0.71 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
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Related comparisons
Hubs: COF correlations · WFC correlations
