BBY vs HBAN: Correlation
Measured on weekly returns over the past three years, Best Buy (BBY) and Huntington Bancshares (HBAN) carry a correlation of 0.48, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BBY and HBAN?
Across a 3-year window, the weekly returns of BBY and HBAN correlate at 0.48, moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Stretching to 5 years gives 0.44, with an annualized covariance of 533.3 %².
In BBY's tracked universe of 33 assets, HBAN sits right near the top at #3. The last year tells two different stories: BBY led by 18.6 percentage points, +16.9% for BBY against -1.7% for HBAN. The relationship is regime-dependent: the rolling one-year correlation swung between 0.18 and 0.68 over the past three years, so this pair behaves very differently depending on the market environment.
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.
BBY vs HBAN: side by side
| BBY (Best Buy) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +16.9% | -1.7% |
| 5-year return | -11.2% | +36.8% |
| Volatility (ann.) | 37.6% | 29.8% |
| Beta vs S&P 500 | 0.97 | 1.07 |
| Max drawdown (3Y) | -44.3% | -30.0% |
| Market cap | – | $34.1B |
| P/E (trailing) | 16.2 | 13.1 |
| Dividend yield | 0.00% | 3.64% |
| Sector / category | Consumer Discretionary | Financials |
Year-by-year returns
| Year | BBY | HBAN |
|---|---|---|
| 2022 | -17.5% | -4.4% |
| 2023 | +2.5% | -4.7% |
| 2024 | +14.4% | +33.7% |
| 2025 | -17.8% | +10.8% |
| 2026 | +28.4% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BBY and HBAN good diversifiers for each other?
Reasonably. At 0.48, BBY and HBAN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BBY and HBAN?
The BBY/HBAN correlation stands at 0.48 on a 3-year window (1 year: 0.42, 5 years: 0.44), computed from weekly returns as of 2026-08-27.
Is HBAN a good diversifier for BBY?
Reasonably. At 0.48, BBY and HBAN keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.48 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
$ curl https://www.pairbook.io/api/v1/pairs/bby-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bby-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BBY correlations · HBAN correlations
