SYF vs WFC: Correlation
How closely do Synchrony Financial (SYF) and Wells Fargo (WFC) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SYF and WFC?
On 3 years of weekly data the SYF/WFC correlation comes out at 0.73, strong. Lately the two have drifted apart, with the 1-year correlation at 0.60 versus 0.73 over 3 years. The 5-year figure is 0.72, and annualized covariance runs at 683.2 %².
Among the 43 assets we track against SYF, WFC ranks #17 by 3-year correlation. Neither side won the trailing year by much: +7.3% against +5.2%. Across three years, the rolling one-year figure varied moderately, from 0.58 to 0.87.
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.
SYF vs WFC: side by side
| SYF (Synchrony Financial) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | +7.3% | +5.2% |
| 5-year return | +81.0% | +98.3% |
| Volatility (ann.) | 31.6% | 29.7% |
| Beta vs S&P 500 | 1.28 | 0.98 |
| Max drawdown (3Y) | -37.7% | -24.7% |
| Market cap | $26.0B | $256.9B |
| P/E (trailing) | 8.2 | 12.4 |
| Dividend yield | 1.50% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | SYF | WFC |
|---|---|---|
| 2022 | -27.4% | -11.9% |
| 2023 | +19.8% | +22.9% |
| 2024 | +74.0% | +46.5% |
| 2025 | +30.6% | +35.6% |
| 2026 | -3.0% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SYF and WFC good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between SYF and WFC?
As of 2026-08-27, the correlation of weekly returns between SYF and WFC is 0.73 over 3 years, 0.60 over 1 year and 0.72 over 5 years.
Is WFC a good diversifier for SYF?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 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.
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Related comparisons
Hubs: SYF correlations · WFC correlations
