EWBC vs HBAN: Correlation
East West Bancorp, Inc. (EWBC) and Huntington Bancshares (HBAN) show a very strong relationship: their 3-year correlation of weekly returns is 0.85.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EWBC and HBAN?
Over the past 3 years, EWBC and HBAN moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.83 lands near the 3-year figure. Over 5 years the correlation is 0.84, and the annualized covariance of weekly returns is 763.0 %².
By 3-year correlation, HBAN places #4 of the 13 assets tracked against EWBC. Correlation aside, the last 12 months split them widely, with EWBC ahead by 26.7 points (+25.0% versus -1.7%).
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.
EWBC vs HBAN: side by side
| EWBC (East West Bancorp, Inc.) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +25.0% | -1.7% |
| 5-year return | +103.5% | +36.8% |
| Volatility (ann.) | 30.2% | 29.8% |
| Beta vs S&P 500 | 1.03 | 1.07 |
| Max drawdown (3Y) | -35.8% | -30.0% |
| Market cap | $17.8B | $34.1B |
| P/E (trailing) | 12.5 | 13.1 |
| Dividend yield | 2.15% | 3.64% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EWBC | HBAN |
|---|---|---|
| 2022 | -14.4% | -4.4% |
| 2023 | +12.8% | -4.7% |
| 2024 | +36.8% | +33.7% |
| 2025 | +20.3% | +10.8% |
| 2026 | +17.6% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EWBC and HBAN good diversifiers for each other?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between EWBC and HBAN?
The EWBC/HBAN correlation stands at 0.85 on a 3-year window (1 year: 0.83, 5 years: 0.84), computed from weekly returns as of 2026-08-27.
Is HBAN a good diversifier for EWBC?
Not really. At 0.85, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.85 mean?
On the −1 to +1 scale, 0.85 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ewbc-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ewbc-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EWBC correlations · HBAN correlations
