FITB vs HBAN: Correlation
Measured on weekly returns over the past three years, Fifth Third Bancorp (FITB) and Huntington Bancshares (HBAN) carry a correlation of 0.90, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FITB and HBAN?
On 3 years of weekly data the FITB/HBAN correlation comes out at 0.90, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.89) sits close to the 3-year figure. The 5-year figure is 0.89, and annualized covariance runs at 789.7 %².
By 3-year correlation, HBAN places #6 of the 45 assets tracked against FITB. Correlation aside, the last 12 months split them widely, with FITB ahead by 26.3 points (+24.6% versus -1.7%). The rolling one-year correlation stayed in a tight band between 0.84 and 0.95 over the past three years, which points to a structural rather than episodic relationship.
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.
FITB vs HBAN: side by side
| FITB (Fifth Third Bancorp) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +24.6% | -1.7% |
| 5-year return | +71.2% | +36.8% |
| Volatility (ann.) | 29.4% | 29.8% |
| Beta vs S&P 500 | 1.03 | 1.07 |
| Max drawdown (3Y) | -29.9% | -30.0% |
| Market cap | $49.7B | $34.1B |
| P/E (trailing) | 18.5 | 13.1 |
| Dividend yield | 2.90% | 3.64% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | FITB | HBAN |
|---|---|---|
| 2022 | -21.9% | -4.4% |
| 2023 | +10.4% | -4.7% |
| 2024 | +27.2% | +33.7% |
| 2025 | +14.8% | +10.8% |
| 2026 | +19.1% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FITB and HBAN good diversifiers for each other?
No: a correlation of 0.90 means FITB and HBAN tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FITB and HBAN?
As of 2026-08-27, the correlation of weekly returns between FITB and HBAN is 0.90 over 3 years, 0.89 over 1 year and 0.89 over 5 years.
Is HBAN a good diversifier for FITB?
No: a correlation of 0.90 means FITB and HBAN tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.90 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/fitb-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fitb-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FITB correlations · HBAN correlations
