TFC vs WTFC: Correlation
Measured on weekly returns over the past three years, Truist Financial (TFC) and Wintrust Financial Corporation (WTFC) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TFC and WTFC?
On 3 years of weekly data the TFC/WTFC correlation comes out at 0.85, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.90 lands near the 3-year figure. The 5-year figure is 0.80, and annualized covariance runs at 660.9 %².
By 3-year correlation, WTFC places #11 of the 39 assets tracked against TFC. Their 12-month results are close: +12.1% for TFC against +12.7% for WTFC.
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.
TFC vs WTFC: side by side
| TFC (Truist Financial) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | +12.1% | +12.7% |
| 5-year return | +12.7% | +127.7% |
| Volatility (ann.) | 28.0% | 27.6% |
| Beta vs S&P 500 | 1.07 | 1.06 |
| Max drawdown (3Y) | -26.9% | -31.0% |
| Market cap | $61.4B | $10.3B |
| P/E (trailing) | 11.6 | 12.3 |
| Dividend yield | 4.10% | 1.37% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | TFC | WTFC |
|---|---|---|
| 2022 | -23.5% | -5.5% |
| 2023 | -8.6% | +12.0% |
| 2024 | +23.7% | +36.8% |
| 2025 | +19.0% | +13.9% |
| 2026 | +5.4% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TFC and WTFC good diversifiers for each other?
No: a correlation of 0.85 means TFC and WTFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between TFC and WTFC?
Using weekly returns as of 2026-08-27: 0.85 over 3 years, with 0.90 over the last year and 0.80 over 5 years.
Is WTFC a good diversifier for TFC?
No: a correlation of 0.85 means TFC and WTFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 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
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Related comparisons
Hubs: TFC correlations · WTFC correlations
