FNB vs HBAN: Correlation
F.N.B. Corporation (FNB) and Huntington Bancshares (HBAN) show a very strong relationship: their 3-year correlation of weekly returns is 0.88.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FNB and HBAN?
On 3 years of weekly data the FNB/HBAN correlation comes out at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. The 5-year figure is 0.87, and annualized covariance runs at 717.0 %².
By 3-year correlation, HBAN places #10 of the 53 assets tracked against FNB. Correlation aside, the last 12 months split them widely, with FNB ahead by 15.1 points (+13.4% 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.
FNB vs HBAN: side by side
| FNB (F.N.B. Corporation) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +13.4% | -1.7% |
| 5-year return | +91.1% | +36.8% |
| Volatility (ann.) | 27.4% | 29.8% |
| Beta vs S&P 500 | 1.03 | 1.07 |
| Max drawdown (3Y) | -32.6% | -30.0% |
| Market cap | $6.6B | $34.1B |
| P/E (trailing) | 11.0 | 13.1 |
| Dividend yield | 2.65% | 3.64% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FNB | HBAN |
|---|---|---|
| 2022 | +11.7% | -4.4% |
| 2023 | +9.8% | -4.7% |
| 2024 | +11.0% | +33.7% |
| 2025 | +19.4% | +10.8% |
| 2026 | +9.7% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FNB and HBAN good diversifiers for each other?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between FNB and HBAN?
As of 2026-08-27, the correlation of weekly returns between FNB and HBAN is 0.88 over 3 years, 0.88 over 1 year and 0.87 over 5 years.
Is HBAN a good diversifier for FNB?
Not really. At 0.88, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.88 mean?
On the −1 to +1 scale, 0.88 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/fnb-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fnb-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: FNB correlations · HBAN correlations
