CZFS vs RBCAA: Correlation
How closely do Citizens Financial Services, Inc. (CZFS) and Republic Bancorp, Inc. (RBCAA) trade together? Their weekly returns over three years give a correlation of 0.74, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CZFS and RBCAA?
Across a 3-year window, the weekly returns of CZFS and RBCAA correlate at 0.74, strong. Lately the two have drifted apart, with the 1-year correlation at 0.56 versus 0.74 over 3 years. Stretching to 5 years gives 0.61, with an annualized covariance of 900.5 %².
Few assets follow CZFS as closely as RBCAA, which ranks #3 of 14 tracked partners. The trailing year gives CZFS the advantage: +34.8% versus +25.1%, a 9.7-point spread. Note the risk asymmetry: CZFS runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CZFS vs RBCAA: side by side
| CZFS (Citizens Financial Services, Inc.) | RBCAA (Republic Bancorp, Inc.) | |
|---|---|---|
| 1-year return | +34.8% | +25.1% |
| 5-year return | +56.8% | +117.3% |
| Volatility (ann.) | 43.2% | 28.1% |
| Beta vs S&P 500 | 0.95 | 0.68 |
| Max drawdown (3Y) | -38.1% | -21.6% |
| Market cap | $0.4B | $1.8B |
| P/E (trailing) | 9.4 | 14.4 |
| Dividend yield | 2.49% | 2.01% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CZFS | RBCAA |
|---|---|---|
| 2022 | +31.2% | -16.9% |
| 2023 | -12.3% | +39.4% |
| 2024 | +2.7% | +30.3% |
| 2025 | -6.9% | +1.3% |
| 2026 | +44.6% | +38.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CZFS and RBCAA good diversifiers for each other?
Only partially. A correlation of 0.74 means CZFS and RBCAA 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 CZFS and RBCAA?
As of 2026-08-27, the correlation of weekly returns between CZFS and RBCAA is 0.74 over 3 years, 0.56 over 1 year and 0.61 over 5 years.
Is RBCAA a good diversifier for CZFS?
Only partially. A correlation of 0.74 means CZFS and RBCAA share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.74 mean?
A reading of 0.74 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: CZFS correlations · RBCAA correlations
