EEFT vs HBAN: Correlation
How closely do Euronet Worldwide, Inc. (EEFT) and Huntington Bancshares (HBAN) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EEFT and HBAN?
Across a 3-year window, the weekly returns of EEFT and HBAN correlate at 0.51, moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Stretching to 5 years gives 0.41, with an annualized covariance of 452.8 %².
Few assets follow EEFT as closely as HBAN, which ranks #2 of 14 tracked partners. Their recent paths diverged sharply: over the last 12 months HBAN outperformed by 25.3 percentage points (-27.0% for EEFT 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.
EEFT vs HBAN: side by side
| EEFT (Euronet Worldwide, Inc.) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | -27.0% | -1.7% |
| 5-year return | -48.7% | +36.8% |
| Volatility (ann.) | 30.1% | 29.8% |
| Beta vs S&P 500 | 0.89 | 1.07 |
| Max drawdown (3Y) | -45.3% | -30.0% |
| Market cap | $2.6B | $34.1B |
| P/E (trailing) | 11.2 | 13.1 |
| Dividend yield | 0.00% | 3.64% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EEFT | HBAN |
|---|---|---|
| 2022 | -20.8% | -4.4% |
| 2023 | +7.5% | -4.7% |
| 2024 | +1.3% | +33.7% |
| 2025 | -26.0% | +10.8% |
| 2026 | -10.0% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EEFT and HBAN good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EEFT and HBAN?
As of 2026-08-27, the correlation of weekly returns between EEFT and HBAN is 0.51 over 3 years, 0.54 over 1 year and 0.41 over 5 years.
Is HBAN a good diversifier for EEFT?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 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/eeft-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eeft-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EEFT correlations · HBAN correlations
