HBAN vs RF: Correlation
Huntington Bancshares (HBAN) and Regions Financial Corporation (RF) show a very strong relationship: their 3-year correlation of weekly returns is 0.90.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and RF?
Over the past 3 years, HBAN and RF moved with a correlation of 0.90, which is very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.91) sits close to the 3-year figure. Over 5 years the correlation is 0.87, and the annualized covariance of weekly returns is 785.5 %².
Few assets follow HBAN as closely as RF, which ranks #3 of 55 tracked partners. Correlation aside, the last 12 months split them widely, with RF ahead by 17.1 points (-1.7% versus +15.4%). Stability stands out here, with the rolling one-year correlation confined to 0.81 through 0.96.
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 RF: side by side
| HBAN (Huntington Bancshares) | RF (Regions Financial Corporation) | |
|---|---|---|
| 1-year return | -1.7% | +15.4% |
| 5-year return | +36.8% | +83.5% |
| Volatility (ann.) | 29.8% | 29.2% |
| Beta vs S&P 500 | 1.07 | 1.09 |
| Max drawdown (3Y) | -30.0% | -31.9% |
| Market cap | $34.1B | $25.9B |
| P/E (trailing) | 13.1 | 12.4 |
| Dividend yield | 3.64% | 3.45% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HBAN | RF |
|---|---|---|
| 2022 | -4.4% | +2.3% |
| 2023 | -4.7% | -5.7% |
| 2024 | +33.7% | +27.0% |
| 2025 | +10.8% | +20.2% |
| 2026 | -0.9% | +14.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and RF good diversifiers for each other?
No. With a correlation of 0.90, HBAN and RF move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HBAN and RF?
The HBAN/RF correlation stands at 0.90 on a 3-year window (1 year: 0.91, 5 years: 0.87), computed from weekly returns as of 2026-08-27.
Is RF a good diversifier for HBAN?
No. With a correlation of 0.90, HBAN and RF move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.90 mean?
A reading of 0.90 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-rf.json
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Related comparisons
Hubs: HBAN correlations · RF correlations
