AXP vs HBAN: Correlation
American Express (AXP) and Huntington Bancshares (HBAN) show a strong relationship: their 3-year correlation of weekly returns is 0.70.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AXP and HBAN?
On 3 years of weekly data the AXP/HBAN correlation comes out at 0.70, strong. The past 12 months show a weaker link (0.59) than the 3-year average (0.70). The 5-year figure is 0.67, and annualized covariance runs at 550.5 %².
Within AXP's tracked universe of 35 assets, HBAN comes in at #11 by 3-year correlation. Over the last 12 months AXP came out ahead by 6.4 percentage points (+4.7% against -1.7%). The rolling one-year correlation moved between 0.52 and 0.86 over the past three years, a moderate range.
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.
AXP vs HBAN: side by side
| AXP (American Express) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +4.7% | -1.7% |
| 5-year return | +116.2% | +36.8% |
| Volatility (ann.) | 26.6% | 29.8% |
| Beta vs S&P 500 | 1.20 | 1.07 |
| Max drawdown (3Y) | -28.8% | -30.0% |
| Market cap | $225.7B | $34.1B |
| P/E (trailing) | 20.4 | 13.1 |
| Dividend yield | 1.05% | 3.64% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AXP | HBAN |
|---|---|---|
| 2022 | -8.5% | -4.4% |
| 2023 | +28.7% | -4.7% |
| 2024 | +60.3% | +33.7% |
| 2025 | +26.0% | +10.8% |
| 2026 | -8.9% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AXP and HBAN good diversifiers for each other?
Only partially. A correlation of 0.70 means AXP and HBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AXP and HBAN?
The AXP/HBAN correlation stands at 0.70 on a 3-year window (1 year: 0.59, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is HBAN a good diversifier for AXP?
Only partially. A correlation of 0.70 means AXP and HBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.70 mean?
On the −1 to +1 scale, 0.70 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/axp-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/axp-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AXP correlations · HBAN correlations
