RJF vs SF: Correlation
How closely do Raymond James Financial (RJF) and Stifel Financial Corporation (SF) trade together? Their weekly returns over three years give a correlation of 0.80, which is very strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RJF and SF?
Over the past 3 years, RJF and SF moved with a correlation of 0.80, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.76 over 1 year against 0.80 over 3. Over 5 years the correlation is 0.83, and the annualized covariance of weekly returns is 539.1 %².
SF is one of the assets that tracks RJF most closely: it ranks #2 out of the 29 assets we track against RJF. Their 12-month results are close: +6.3% for RJF against +6.0% for SF.
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.
RJF vs SF: side by side
| RJF (Raymond James Financial) | SF (Stifel Financial Corporation) | |
|---|---|---|
| 1-year return | +6.3% | +6.0% |
| 5-year return | +102.1% | +92.0% |
| Volatility (ann.) | 24.8% | 27.2% |
| Beta vs S&P 500 | 1.03 | 1.23 |
| Max drawdown (3Y) | -28.1% | -34.7% |
| Market cap | $33.8B | $12.2B |
| P/E (trailing) | 15.4 | 14.4 |
| Dividend yield | 1.20% | 1.59% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | RJF | SF |
|---|---|---|
| 2022 | +8.3% | -15.6% |
| 2023 | +6.1% | +21.2% |
| 2024 | +40.8% | +56.4% |
| 2025 | +4.7% | +20.1% |
| 2026 | +10.8% | -2.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RJF and SF good diversifiers for each other?
No. With a correlation of 0.80, RJF and SF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between RJF and SF?
As of 2026-08-27, the correlation of weekly returns between RJF and SF is 0.80 over 3 years, 0.76 over 1 year and 0.83 over 5 years.
Is SF a good diversifier for RJF?
No. With a correlation of 0.80, RJF and SF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.80 mean?
A reading of 0.80 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
$ curl https://www.pairbook.io/api/v1/pairs/rjf-vs-sf.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/rjf-vs-sf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RJF correlations · SF correlations
