CFR vs. PNC
CFR (Cullen/Frost Bankers, Inc.) and PNC (The PNC Financial Services Group, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, CFR returned 12.42%/yr vs 14.90%/yr for PNC. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
CFR vs. PNC - Performance Comparison
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Returns By Period
In the year-to-date period, CFR achieves a 19.70% return, which is significantly higher than PNC's 14.18% return. Over the past 10 years, CFR has underperformed PNC with an annualized return of 12.42%, while PNC has yielded a comparatively higher 14.90% annualized return.
CFR
- 1D
- 2.56%
- 1M
- 8.00%
- YTD
- 19.70%
- 6M
- 17.12%
- 1Y
- 23.62%
- 3Y*
- 16.69%
- 5Y*
- 9.20%
- 10Y*
- 12.42%
PNC
- 1D
- 1.15%
- 1M
- 7.06%
- YTD
- 14.18%
- 6M
- 11.94%
- 1Y
- 36.76%
- 3Y*
- 28.87%
- 5Y*
- 8.75%
- 10Y*
- 14.90%
CFR vs. PNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CFR Cullen/Frost Bankers, Inc. | 19.70% | -2.76% | 27.86% | -16.06% | 8.66% | 48.17% | -7.58% | 14.60% | -4.84% | 9.93% |
PNC The PNC Financial Services Group, Inc. | 14.18% | 12.24% | 29.39% | 2.71% | -18.59% | 38.18% | -2.78% | 40.91% | -16.98% | 25.95% |
Correlation
The correlation between CFR and PNC is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.55 |
The correlation between CFR and PNC shifts across timeframes, from 0.55 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
CFR:
$13.92
PNC:
$18.09
CFR:
10.73
PNC:
12.98
CFR:
0.99
PNC:
1.75
CFR:
2.57
PNC:
2.93
CFR:
$2.79B
PNC:
$32.06B
CFR:
$1.66B
PNC:
$23.04B
CFR:
$658.50M
PNC:
$8.83B
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Return for Risk
CFR vs. PNC — Risk / Return Rank
CFR
PNC
CFR vs. PNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cullen/Frost Bankers, Inc. (CFR) and The PNC Financial Services Group, Inc. (PNC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CFR | PNC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.30 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 2.15 | -0.31 |
| Martin ratioReturn relative to average drawdown | 3.61 | 4.87 | -1.25 |
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Drawdowns
CFR vs. PNC - Drawdown Comparison
The maximum CFR drawdown since its inception was -56.86%, smaller than the maximum PNC drawdown of -76.65%. Use the drawdown chart below to compare losses from any high point for CFR and PNC.
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Drawdown Indicators
| CFR | PNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.86% | -76.65% | +19.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.95% | -17.21% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -27.43% | -29.77% | +2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -45.62% | -47.98% | +2.36% |
Max Drawdown (10Y)Largest decline over 10 years | -56.86% | -49.58% | -7.28% |
Current DrawdownCurrent decline from peak | 0.00% | -2.46% | +2.46% |
Average DrawdownAverage peak-to-trough decline | -11.81% | -15.67% | +3.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 7.58% | -1.02% |
Volatility
CFR vs. PNC - Volatility Comparison
The current volatility for Cullen/Frost Bankers, Inc. (CFR) is 6.35%, while The PNC Financial Services Group, Inc. (PNC) has a volatility of 7.17%. This indicates that CFR experiences smaller price fluctuations and is considered to be less risky than PNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CFR | PNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 7.17% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 14.82% | 16.61% | -1.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.11% | 21.78% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 27.08% | +3.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.29% | 29.73% | +3.56% |
Dividends
CFR vs. PNC - Dividend Comparison
CFR's dividend yield for the trailing twelve months is around 2.70%, less than PNC's 2.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CFR Cullen/Frost Bankers, Inc. | 2.70% | 3.12% | 2.79% | 3.30% | 2.42% | 2.33% | 3.27% | 2.86% | 2.93% | 2.38% | 2.44% | 3.50% |
PNC The PNC Financial Services Group, Inc. | 2.90% | 3.16% | 3.27% | 3.94% | 3.64% | 2.39% | 3.09% | 2.63% | 2.91% | 1.80% | 1.81% | 2.11% |
Financials
CFR vs. PNC - Financials Comparison
This section allows you to compare key financial metrics between Cullen/Frost Bankers, Inc. and The PNC Financial Services Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CFR vs. PNC - Profitability Comparison
CFR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cullen/Frost Bankers, Inc. reported a gross profit of 0.00 and revenue of 577.97M. Therefore, the gross margin over that period was 0.0%.
PNC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a gross profit of 5.96B and revenue of 6.17B. Therefore, the gross margin over that period was 96.6%.
CFR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cullen/Frost Bankers, Inc. reported an operating income of 0.00 and revenue of 577.97M, resulting in an operating margin of 0.0%.
PNC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported an operating income of 2.19B and revenue of 6.17B, resulting in an operating margin of 35.5%.
CFR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cullen/Frost Bankers, Inc. reported a net income of 170.99M and revenue of 577.97M, resulting in a net margin of 29.6%.
PNC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The PNC Financial Services Group, Inc. reported a net income of 1.77B and revenue of 6.17B, resulting in a net margin of 28.7%.
Frequently Asked Questions
CFR and PNC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNC has higher volatility (7.17%) compared to CFR (6.35%). In terms of maximum drawdown, CFR dropped -56.86% vs PNC's -76.65%.
PNC currently has the higher Sharpe Ratio (1.70 vs 1.08), 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.
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