DAL vs HBAN: Correlation
How closely do Delta Air Lines (DAL) and Huntington Bancshares (HBAN) trade together? Their weekly returns over three years give a correlation of 0.59, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAL and HBAN?
Across a 3-year window, the weekly returns of DAL and HBAN correlate at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. Stretching to 5 years gives 0.55, with an annualized covariance of 646.9 %².
By 3-year correlation, HBAN places #9 of the 33 assets tracked against DAL. The last year tells two different stories: DAL led by 35.6 percentage points, +33.9% for DAL against -1.7% for HBAN. The rolling one-year correlation moved between 0.28 and 0.72 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.
DAL vs HBAN: side by side
| DAL (Delta Air Lines) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +33.9% | -1.7% |
| 5-year return | +110.6% | +36.8% |
| Volatility (ann.) | 37.1% | 29.8% |
| Beta vs S&P 500 | 1.17 | 1.07 |
| Max drawdown (3Y) | -47.9% | -30.0% |
| Market cap | – | $34.1B |
| P/E (trailing) | 13.8 | 13.1 |
| Dividend yield | 0.94% | 3.64% |
| Sector / category | Industrials | Financials |
Year-by-year returns
| Year | DAL | HBAN |
|---|---|---|
| 2022 | -15.9% | -4.4% |
| 2023 | +23.0% | -4.7% |
| 2024 | +52.0% | +33.7% |
| 2025 | +16.1% | +10.8% |
| 2026 | +17.8% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAL and HBAN good diversifiers for each other?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DAL and HBAN?
As of 2026-08-27, the correlation of weekly returns between DAL and HBAN is 0.59 over 3 years, 0.65 over 1 year and 0.55 over 5 years.
Is HBAN a good diversifier for DAL?
Somewhat, no more. With 0.59 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.59 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/dal-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/dal-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAL correlations · HBAN correlations
