C vs. BAC

Last updated Jun 4, 2026

C (Citigroup Inc.) and BAC (Bank of America Corporation) are both stocks. Both operate in the Banks - Diversified industry within the Financial Services sector. Over the past 10 years, C returned 14.47%/yr vs 16.28%/yr for BAC. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

C vs. BAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Citigroup Inc. (C) and Bank of America Corporation (BAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, C achieves a 12.46% return, which is significantly higher than BAC's -4.19% return. Over the past 10 years, C has underperformed BAC with an annualized return of 14.47%, while BAC has yielded a comparatively higher 16.28% annualized return.

C

• 1D: -1.01%
• 1M: 3.42%
• YTD: 12.46%
• 6M: 22.96%
• 1Y: 73.63%
• 3Y*: 45.73%
• 5Y*: 14.21%
• 10Y*: 14.47%

BAC

• 1D: -0.15%
• 1M: 0.40%
• YTD: -4.19%
• 6M: -2.07%
• 1Y: 20.00%
• 3Y*: 25.09%
• 5Y*: 6.37%
• 10Y*: 16.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

C vs. BAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
C Citigroup Inc.	12.46%	70.38%	41.93%	18.98%	-22.09%	0.93%	-19.70%	57.82%	-28.49%	27.03%
BAC Bank of America Corporation	-4.19%	28.04%	33.85%	4.83%	-23.82%	49.61%	-11.63%	46.19%	-15.00%	35.69%

Correlation

The correlation between C and BAC is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since May 30, 1986	0.64

The correlation between C and BAC shifts across timeframes, from 0.64 (all time) to 0.82 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap C : $230.76B BAC : $388.68B
EPS C : $8.65 BAC : $4.19
PE Ratio C : 15.02 BAC : 12.50
PS Ratio C : 1.40 BAC : 2.27
PB Ratio C : 1.21 BAC : 1.41
Total Revenue (TTM) C : $171.19B BAC : $174.85B
Gross Profit (TTM) C : $77.85B BAC : $110.47B
EBITDA (TTM) C : $24.12B BAC : $41.74B

Return for Risk

C vs. BAC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

C

C Risk / Return Rank: 91
C Sharpe Ratio Rank: 92
C Sortino Ratio Rank: 90
C Omega Ratio Rank: 89
C Calmar Ratio Rank: 91
C Martin Ratio Rank: 92

BAC

BAC Risk / Return Rank: 64
BAC Sharpe Ratio Rank: 70
BAC Sortino Ratio Rank: 61
BAC Omega Ratio Rank: 61
BAC Calmar Ratio Rank: 63
BAC Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

C vs. BAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Citigroup Inc. (C) and Bank of America Corporation (BAC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	C	BAC	Difference
Sharpe ratio: Return per unit of total volatility	2.66	0.94	+1.71
Sortino ratio: Return per unit of downside risk	3.30	1.35	+1.95
Omega ratio: Gain probability vs. loss probability	1.42	1.17	+0.25
Calmar ratio: Return relative to maximum drawdown	5.01	1.12	+3.89
Martin ratio: Return relative to average drawdown	14.45	2.89	+11.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

C vs. BAC - Sharpe Ratio Comparison

The current C Sharpe Ratio is 2.66, which is higher than the BAC Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of C and BAC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	C	BAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.66	0.94	+1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.49	0.24	+0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.44	0.53	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.20	-0.05

Drawdowns

C vs. BAC - Drawdown Comparison

The maximum C drawdown since its inception was -98.00%, which is greater than BAC's maximum drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for C and BAC.

Drawdown Indicators

	C	BAC	Difference
Max Drawdown Largest peak-to-trough decline	-98.00%	-93.10%	-4.90%
Max Drawdown (1Y) Largest decline over 1 year	-14.76%	-17.93%	+3.17%
Max Drawdown (3Y) Largest decline over 3 years	-31.31%	-27.51%	-3.80%
Max Drawdown (5Y) Largest decline over 5 years	-47.56%	-46.64%	-0.92%
Max Drawdown (10Y) Largest decline over 10 years	-56.51%	-48.95%	-7.56%
Current Drawdown Current decline from peak	-65.32%	-7.95%	-57.37%
Average Drawdown Average peak-to-trough decline	-43.50%	-28.32%	-15.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	6.93%	-1.82%

Volatility

C vs. BAC - Volatility Comparison

Citigroup Inc. (C) has a higher volatility of 7.44% compared to Bank of America Corporation (BAC) at 6.22%. This indicates that C's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	C	BAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.44%	6.22%	+1.22%
Volatility (6M) Calculated over the trailing 6-month period	22.66%	16.10%	+6.56%
Volatility (1Y) Calculated over the trailing 1-year period	27.86%	21.33%	+6.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.11%	26.85%	+2.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.20%	30.68%	+2.52%

Dividends

C vs. BAC - Dividend Comparison

C's dividend yield for the trailing twelve months is around 1.85%, less than BAC's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAC Bank of America Corporation	2.10%	1.96%	2.28%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%
C Citigroup Inc.	1.85%	1.99%	3.10%	4.04%	4.51%	3.38%	3.31%	2.40%	2.96%	1.29%	0.71%	0.31%

Financials

C vs. BAC - Profitability Comparison

The chart below illustrates the profitability comparison between Citigroup Inc. and Bank of America Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

C - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a gross profit of 21.76B and revenue of 44.14B. Therefore, the gross margin over that period was 49.3%.

BAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a gross profit of 28.94B and revenue of 30.27B. Therefore, the gross margin over that period was 95.6%.

C - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported an operating income of 7.52B and revenue of 44.14B, resulting in an operating margin of 17.0%.

BAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported an operating income of 10.40B and revenue of 30.27B, resulting in an operating margin of 34.4%.

C - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Citigroup Inc. reported a net income of 5.79B and revenue of 44.14B, resulting in a net margin of 13.1%.

BAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a net income of 8.58B and revenue of 30.27B, resulting in a net margin of 28.4%.

Frequently Asked Questions

Can I hold both C and BAC in my portfolio?

C and BAC have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, C or BAC?

C has higher volatility (7.44%) compared to BAC (6.22%). In terms of maximum drawdown, C dropped -98.00% vs BAC's -93.10%.

Which has better risk-adjusted returns?

C currently has the higher Sharpe Ratio (2.66 vs 0.94), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.