CFG vs HBAN: Correlation
Citizens Financial Group (CFG) and Huntington Bancshares (HBAN) show a very strong relationship: their 3-year correlation of weekly returns is 0.89.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CFG and HBAN?
Over the past 3 years, CFG and HBAN moved with a correlation of 0.89, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.86 over 1 year against 0.89 over 3. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 821.2 %².
Within CFG's tracked universe of 46 assets, HBAN comes in at #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months CFG outperformed by 41.0 percentage points (+39.3% for CFG against -1.7% for HBAN). The link looks structural: the rolling one-year correlation barely moved, holding between 0.81 and 0.94.
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.
CFG vs HBAN: side by side
| CFG (Citizens Financial Group) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +39.3% | -1.7% |
| 5-year return | +98.3% | +36.8% |
| Volatility (ann.) | 31.0% | 29.8% |
| Beta vs S&P 500 | 1.16 | 1.07 |
| Max drawdown (3Y) | -29.1% | -30.0% |
| Market cap | $29.6B | $34.1B |
| P/E (trailing) | 15.4 | 13.1 |
| Dividend yield | 2.55% | 3.64% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | CFG | HBAN |
|---|---|---|
| 2022 | -13.4% | -4.4% |
| 2023 | -11.0% | -4.7% |
| 2024 | +38.0% | +33.7% |
| 2025 | +38.6% | +10.8% |
| 2026 | +22.7% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CFG and HBAN good diversifiers for each other?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between CFG and HBAN?
As of 2026-08-27, the correlation of weekly returns between CFG and HBAN is 0.89 over 3 years, 0.86 over 1 year and 0.87 over 5 years.
Is HBAN a good diversifier for CFG?
Not really. At 0.89, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.89 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/cfg-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cfg-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CFG correlations · HBAN correlations
