NAVI vs SYF: Correlation
How closely do Navient Corporation (NAVI) and Synchrony Financial (SYF) trade together? Their weekly returns over three years give a correlation of 0.63, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NAVI and SYF?
Across a 3-year window, the weekly returns of NAVI and SYF correlate at 0.63, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.61, with an annualized covariance of 640.2 %².
In NAVI's tracked universe of 13 assets, SYF sits right near the top at #3. The last year tells two different stories: SYF led by 34.2 percentage points, -26.9% for NAVI against +7.3% for SYF.
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.
NAVI vs SYF: side by side
| NAVI (Navient Corporation) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | -26.9% | +7.3% |
| 5-year return | -49.1% | +81.0% |
| Volatility (ann.) | 32.0% | 31.6% |
| Beta vs S&P 500 | 0.99 | 1.28 |
| Max drawdown (3Y) | -57.6% | -37.7% |
| Market cap | $0.9B | $26.0B |
| P/E (trailing) | – | 8.2 |
| Dividend yield | 6.83% | 1.50% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | NAVI | SYF |
|---|---|---|
| 2022 | -19.3% | -27.4% |
| 2023 | +17.6% | +19.8% |
| 2024 | -25.6% | +74.0% |
| 2025 | +2.6% | +30.6% |
| 2026 | -25.5% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NAVI and SYF good diversifiers for each other?
Only partially. A correlation of 0.63 means NAVI and SYF 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 NAVI and SYF?
The NAVI/SYF correlation stands at 0.63 on a 3-year window (1 year: 0.65, 5 years: 0.61), computed from weekly returns as of 2026-08-27.
Is SYF a good diversifier for NAVI?
Only partially. A correlation of 0.63 means NAVI and SYF share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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/navi-vs-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/navi-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: NAVI correlations · SYF correlations
