FULT vs HBAN: Correlation
Measured on weekly returns over the past three years, Fulton Financial Corporation (FULT) and Huntington Bancshares (HBAN) carry a correlation of 0.87, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FULT and HBAN?
On 3 years of weekly data the FULT/HBAN correlation comes out at 0.87, 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 0.83, and annualized covariance runs at 783.7 %².
Among the 45 assets we track against FULT, HBAN ranks #16 by 3-year correlation. Correlation aside, the last 12 months split them widely, with FULT ahead by 25.8 points (+24.1% 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.
FULT vs HBAN: side by side
| FULT (Fulton Financial Corporation) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +24.1% | -1.7% |
| 5-year return | +85.0% | +36.8% |
| Volatility (ann.) | 30.3% | 29.8% |
| Beta vs S&P 500 | 1.03 | 1.07 |
| Max drawdown (3Y) | -29.9% | -30.0% |
| Market cap | $4.5B | $34.1B |
| P/E (trailing) | 11.4 | 13.1 |
| Dividend yield | 3.15% | 3.64% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | FULT | HBAN |
|---|---|---|
| 2022 | +3.1% | -4.4% |
| 2023 | +2.5% | -4.7% |
| 2024 | +21.9% | +33.7% |
| 2025 | +4.3% | +10.8% |
| 2026 | +25.0% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FULT and HBAN good diversifiers for each other?
No: a correlation of 0.87 means FULT and HBAN tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between FULT and HBAN?
As of 2026-08-27, the correlation of weekly returns between FULT and HBAN is 0.87 over 3 years, 0.88 over 1 year and 0.83 over 5 years.
Is HBAN a good diversifier for FULT?
No: a correlation of 0.87 means FULT and HBAN tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.87 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/fult-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fult-vs-hban/)
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Related comparisons
Hubs: FULT correlations · HBAN correlations
