BAC vs HBAN: Correlation
Bank of America (BAC) and Huntington Bancshares (HBAN) show a very strong relationship: their 3-year correlation of weekly returns is 0.83.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BAC and HBAN?
On 3 years of weekly data the BAC/HBAN correlation comes out at 0.83, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.76) sits close to the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 654.1 %².
Among the 45 assets we track against BAC, HBAN ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with BAC ahead by 25.8 points (+24.1% versus -1.7%). The rolling one-year correlation stayed in a tight band between 0.75 and 0.92 over the past three years, which points to a structural rather than episodic relationship.
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.
BAC vs HBAN: side by side
| BAC (Bank of America) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +24.1% | -1.7% |
| 5-year return | +66.0% | +36.8% |
| Volatility (ann.) | 26.5% | 29.8% |
| Beta vs S&P 500 | 1.11 | 1.07 |
| Max drawdown (3Y) | -27.5% | -30.0% |
| Market cap | $427.7B | $34.1B |
| P/E (trailing) | 14.1 | 13.1 |
| Dividend yield | 1.80% | 3.64% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BAC | HBAN |
|---|---|---|
| 2022 | -23.8% | -4.4% |
| 2023 | +4.8% | -4.7% |
| 2024 | +33.9% | +33.7% |
| 2025 | +28.0% | +10.8% |
| 2026 | +12.4% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BAC and HBAN good diversifiers for each other?
No. With a correlation of 0.83, BAC and HBAN move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between BAC and HBAN?
As of 2026-08-27, the correlation of weekly returns between BAC and HBAN is 0.83 over 3 years, 0.76 over 1 year and 0.81 over 5 years.
Is HBAN a good diversifier for BAC?
No. With a correlation of 0.83, BAC and HBAN move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.83 mean?
A reading of 0.83 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: BAC correlations · HBAN correlations
