HBAN vs NAVI: Correlation
Measured on weekly returns over the past three years, Huntington Bancshares (HBAN) and Navient Corporation (NAVI) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and NAVI?
Across a 3-year window, the weekly returns of HBAN and NAVI correlate at 0.62, strong. Lately the two have drifted apart, with the 1-year correlation at 0.50 versus 0.62 over 3 years. Stretching to 5 years gives 0.59, with an annualized covariance of 594.0 %².
By 3-year correlation, NAVI places #30 of the 55 assets tracked against HBAN. Their recent paths diverged sharply: over the last 12 months HBAN outperformed by 25.2 percentage points (-1.7% for HBAN against -26.9% for NAVI).
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.
HBAN vs NAVI: side by side
| HBAN (Huntington Bancshares) | NAVI (Navient Corporation) | |
|---|---|---|
| 1-year return | -1.7% | -26.9% |
| 5-year return | +36.8% | -49.1% |
| Volatility (ann.) | 29.8% | 32.0% |
| Beta vs S&P 500 | 1.07 | 0.99 |
| Max drawdown (3Y) | -30.0% | -57.6% |
| Market cap | $34.1B | $0.9B |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 3.64% | 6.83% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HBAN | NAVI |
|---|---|---|
| 2022 | -4.4% | -19.3% |
| 2023 | -4.7% | +17.6% |
| 2024 | +33.7% | -25.6% |
| 2025 | +10.8% | +2.6% |
| 2026 | -0.9% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and NAVI good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between HBAN and NAVI?
As of 2026-08-27, the correlation of weekly returns between HBAN and NAVI is 0.62 over 3 years, 0.50 over 1 year and 0.59 over 5 years.
Is NAVI a good diversifier for HBAN?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
A reading of 0.62 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hban-vs-navi.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hban-vs-navi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HBAN correlations · NAVI correlations
