RF vs WFC: Correlation
Regions Financial Corporation (RF) and Wells Fargo (WFC) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RF and WFC?
Over the past 3 years, RF and WFC moved with a correlation of 0.74, which is strong. Recent behaviour matches the longer record: 0.72 over 1 year against 0.74 over 3. Over 5 years the correlation is 0.77, and the annualized covariance of weekly returns is 642.2 %².
By 3-year correlation, WFC places #20 of the 44 assets tracked against RF. On 12-month performance RF holds a 10.2-point edge, +15.4% against +5.2%. The rolling one-year correlation moved between 0.64 and 0.89 over the past three years, a moderate range.
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 WFC: side by side
| RF (Regions Financial Corporation) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +15.4% | +5.2% |
| 5-year return | +83.5% | +98.3% |
| Volatility (ann.) | 29.2% | 29.7% |
| Beta vs S&P 500 | 1.09 | 0.98 |
| Max drawdown (3Y) | -31.9% | -24.7% |
| Market cap | $25.9B | $256.9B |
| P/E (trailing) | 12.4 | 12.4 |
| Dividend yield | 3.45% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | RF | WFC |
|---|---|---|
| 2022 | +2.3% | -11.9% |
| 2023 | -5.7% | +22.9% |
| 2024 | +27.0% | +46.5% |
| 2025 | +20.2% | +35.6% |
| 2026 | +14.3% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RF and WFC good diversifiers for each other?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between RF and WFC?
As of 2026-08-27, the correlation of weekly returns between RF and WFC is 0.74 over 3 years, 0.72 over 1 year and 0.77 over 5 years.
Is WFC a good diversifier for RF?
Somewhat, no more. With 0.74 correlation, most large moves hit both names, and the diversification benefit stays modest.
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.
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Related comparisons
Hubs: RF correlations · WFC correlations
