COF vs HBAN: Correlation
Capital One (COF) and Huntington Bancshares (HBAN) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COF and HBAN?
Across a 3-year window, the weekly returns of COF and HBAN correlate at 0.76, strong. Lately the two have drifted apart, with the 1-year correlation at 0.63 versus 0.76 over 3 years. Stretching to 5 years gives 0.73, with an annualized covariance of 695.3 %².
Among the 29 assets we track against COF, HBAN ranks #6 by 3-year correlation. Their 12-month results are close: -2.0% for COF against -1.7% for HBAN. The rolling one-year correlation moved between 0.63 and 0.88 over the past three years, a moderate range.
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.
COF vs HBAN: side by side
| COF (Capital One) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | -2.0% | -1.7% |
| 5-year return | +43.2% | +36.8% |
| Volatility (ann.) | 30.6% | 29.8% |
| Beta vs S&P 500 | 1.28 | 1.07 |
| Max drawdown (3Y) | -31.5% | -30.0% |
| Market cap | $132.9B | $34.1B |
| P/E (trailing) | 12.0 | 13.1 |
| Dividend yield | 1.38% | 3.64% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | COF | HBAN |
|---|---|---|
| 2022 | -34.6% | -4.4% |
| 2023 | +44.3% | -4.7% |
| 2024 | +38.2% | +33.7% |
| 2025 | +37.6% | +10.8% |
| 2026 | -9.6% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COF and HBAN good diversifiers for each other?
Only partially. A correlation of 0.76 means COF and HBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COF and HBAN?
As of 2026-08-27, the correlation of weekly returns between COF and HBAN is 0.76 over 3 years, 0.63 over 1 year and 0.73 over 5 years.
Is HBAN a good diversifier for COF?
Only partially. A correlation of 0.76 means COF and HBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 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/cof-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cof-vs-hban/)
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Related comparisons
Hubs: COF correlations · HBAN correlations
