C vs HBAN: Correlation
How closely do Citigroup (C) and Huntington Bancshares (HBAN) trade together? Their weekly returns over three years give a correlation of 0.73, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and HBAN?
On 3 years of weekly data the C/HBAN correlation comes out at 0.73, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.73 over 3. The 5-year figure is 0.69, and annualized covariance runs at 662.0 %².
Within C's tracked universe of 33 assets, HBAN comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months C outperformed by 41.6 percentage points (+39.9% for C against -1.7% for HBAN). On a rolling one-year basis the correlation drifted between 0.52 and 0.85, a moderate band.
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.
C vs HBAN: side by side
| C (Citigroup) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +39.9% | -1.7% |
| 5-year return | +119.6% | +36.8% |
| Volatility (ann.) | 30.3% | 29.8% |
| Beta vs S&P 500 | 1.39 | 1.07 |
| Max drawdown (3Y) | -31.3% | -30.0% |
| Market cap | $222.6B | $34.1B |
| P/E (trailing) | 14.4 | 13.1 |
| Dividend yield | 1.80% | 3.64% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | C | HBAN |
|---|---|---|
| 2022 | -22.1% | -4.4% |
| 2023 | +19.0% | -4.7% |
| 2024 | +41.9% | +33.7% |
| 2025 | +70.4% | +10.8% |
| 2026 | +15.4% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and HBAN good diversifiers for each other?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between C and HBAN?
The C/HBAN correlation stands at 0.73 on a 3-year window (1 year: 0.65, 5 years: 0.69), computed from weekly returns as of 2026-08-27.
Is HBAN a good diversifier for C?
To a limited degree. At 0.73 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.73 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/c-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/c-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: C correlations · HBAN correlations
