RF vs TFC: Correlation
How closely do Regions Financial Corporation (RF) and Truist Financial (TFC) trade together? Their weekly returns over three years give a correlation of 0.87, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RF and TFC?
On 3 years of weekly data the RF/TFC correlation comes out at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.89 over 1 year against 0.87 over 3. The 5-year figure is 0.85, and annualized covariance runs at 714.8 %².
Within RF's tracked universe of 44 assets, TFC comes in at #12 by 3-year correlation. Twelve-month performance is nearly a tie, at +15.4% for RF and +12.1% for TFC. Stability stands out here, with the rolling one-year correlation confined to 0.79 through 0.92.
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.
RF vs TFC: side by side
| RF (Regions Financial Corporation) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | +15.4% | +12.1% |
| 5-year return | +83.5% | +12.7% |
| Volatility (ann.) | 29.2% | 28.0% |
| Beta vs S&P 500 | 1.09 | 1.07 |
| Max drawdown (3Y) | -31.9% | -26.9% |
| Market cap | $25.9B | $61.4B |
| P/E (trailing) | 12.4 | 11.6 |
| Dividend yield | 3.45% | 4.10% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | RF | TFC |
|---|---|---|
| 2022 | +2.3% | -23.5% |
| 2023 | -5.7% | -8.6% |
| 2024 | +27.0% | +23.7% |
| 2025 | +20.2% | +19.0% |
| 2026 | +14.3% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RF and TFC good diversifiers for each other?
No: a correlation of 0.87 means RF and TFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between RF and TFC?
As of 2026-08-27, the correlation of weekly returns between RF and TFC is 0.87 over 3 years, 0.89 over 1 year and 0.85 over 5 years.
Is TFC a good diversifier for RF?
No: a correlation of 0.87 means RF and TFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.87 mean?
On the −1 to +1 scale, 0.87 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rf-vs-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/rf-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RF correlations · TFC correlations
