BFH vs HBAN: Correlation
How closely do Bread Financial Holdings, Inc. (BFH) and Huntington Bancshares (HBAN) trade together? Their weekly returns over three years give a correlation of 0.68, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BFH and HBAN?
Across a 3-year window, the weekly returns of BFH and HBAN correlate at 0.68, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. Stretching to 5 years gives 0.64, with an annualized covariance of 853.8 %².
By 3-year correlation, HBAN places #4 of the 11 assets tracked against BFH. The last year tells two different stories: BFH led by 68.5 percentage points, +66.8% for BFH against -1.7% for HBAN.
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.
BFH vs HBAN: side by side
| BFH (Bread Financial Holdings, Inc.) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +66.8% | -1.7% |
| 5-year return | +55.9% | +36.8% |
| Volatility (ann.) | 42.0% | 29.8% |
| Beta vs S&P 500 | 1.26 | 1.07 |
| Max drawdown (3Y) | -36.7% | -30.0% |
| Market cap | $4.2B | $34.1B |
| P/E (trailing) | 8.3 | 13.1 |
| Dividend yield | 0.84% | 3.64% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BFH | HBAN |
|---|---|---|
| 2022 | -42.4% | -4.4% |
| 2023 | -10.2% | -4.7% |
| 2024 | +89.0% | +33.7% |
| 2025 | +23.1% | +10.8% |
| 2026 | +46.7% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BFH and HBAN good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BFH and HBAN?
The BFH/HBAN correlation stands at 0.68 on a 3-year window (1 year: 0.62, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is HBAN a good diversifier for BFH?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 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/bfh-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/bfh-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: BFH correlations · HBAN correlations
