HBAN vs PFG: Correlation
Measured on weekly returns over the past three years, Huntington Bancshares (HBAN) and Principal Financial Group (PFG) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and PFG?
Across a 3-year window, the weekly returns of HBAN and PFG correlate at 0.68, strong. Little has changed lately, as the 1-year reading of 0.60 lands near the 3-year figure. Stretching to 5 years gives 0.69, with an annualized covariance of 465.2 %².
By 3-year correlation, PFG places #27 of the 55 assets tracked against HBAN. The last year tells two different stories: PFG led by 45.6 percentage points, -1.7% for HBAN against +43.9% for PFG. The rolling one-year correlation stayed in a tight band between 0.59 and 0.81 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.
HBAN vs PFG: side by side
| HBAN (Huntington Bancshares) | PFG (Principal Financial Group) | |
|---|---|---|
| 1-year return | -1.7% | +43.9% |
| 5-year return | +36.8% | +99.7% |
| Volatility (ann.) | 29.8% | 22.9% |
| Beta vs S&P 500 | 1.07 | 0.88 |
| Max drawdown (3Y) | -30.0% | -22.4% |
| Market cap | $34.1B | $24.0B |
| P/E (trailing) | 13.1 | 16.0 |
| Dividend yield | 3.64% | 2.84% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HBAN | PFG |
|---|---|---|
| 2022 | -4.4% | +20.1% |
| 2023 | -4.7% | -2.8% |
| 2024 | +33.7% | +1.9% |
| 2025 | +10.8% | +18.4% |
| 2026 | -0.9% | +29.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and PFG good diversifiers for each other?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HBAN and PFG?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.60 over the last year and 0.69 over 5 years.
Is PFG a good diversifier for HBAN?
Somewhat, no more. With 0.68 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.68 mean?
A reading of 0.68 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-pfg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hban-vs-pfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: HBAN correlations · PFG correlations
