GPN vs HBAN: Correlation
Measured on weekly returns over the past three years, Global Payments (GPN) and Huntington Bancshares (HBAN) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPN and HBAN?
Across a 3-year window, the weekly returns of GPN and HBAN correlate at 0.54, moderate. The relationship has been stable: the 1-year correlation (0.51) sits close to the 3-year figure. Stretching to 5 years gives 0.49, with an annualized covariance of 574.7 %².
Within GPN's tracked universe of 39 assets, HBAN comes in at #14 by 3-year correlation. The trailing year gives GPN the advantage: +7.0% versus -1.7%, a 8.7-point spread. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.63.
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.
GPN vs HBAN: side by side
| GPN (Global Payments) | HBAN (Huntington Bancshares) | |
|---|---|---|
| 1-year return | +7.0% | -1.7% |
| 5-year return | -39.6% | +36.8% |
| Volatility (ann.) | 35.9% | 29.8% |
| Beta vs S&P 500 | 1.22 | 1.07 |
| Max drawdown (3Y) | -54.0% | -30.0% |
| Market cap | $24.5B | $34.1B |
| P/E (trailing) | 44.0 | 13.1 |
| Dividend yield | 1.08% | 3.64% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | GPN | HBAN |
|---|---|---|
| 2022 | -25.9% | -4.4% |
| 2023 | +29.0% | -4.7% |
| 2024 | -11.0% | +33.7% |
| 2025 | -30.1% | +10.8% |
| 2026 | +20.7% | -0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPN and HBAN good diversifiers for each other?
Only partially. A correlation of 0.54 means GPN and HBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between GPN and HBAN?
As of 2026-08-27, the correlation of weekly returns between GPN and HBAN is 0.54 over 3 years, 0.51 over 1 year and 0.49 over 5 years.
Is HBAN a good diversifier for GPN?
Only partially. A correlation of 0.54 means GPN and HBAN share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 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/gpn-vs-hban.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gpn-vs-hban/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPN correlations · HBAN correlations
