HBAN vs SPRB: Correlation
Measured on weekly returns over the past three years, Huntington Bancshares (HBAN) and Spruce Biosciences, Inc. (SPRB) carry a correlation of -0.19, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and SPRB?
Across a 3-year window, the weekly returns of HBAN and SPRB correlate at -0.19, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.34) than the 3-year average (-0.19). Stretching to 5 years gives -0.13, with an annualized covariance of -6041.1 %².
Out of 55 assets tracked against HBAN, SPRB lands near the bottom at #52. Correlation aside, the last 12 months split them widely, with SPRB ahead by 748.0 points (-1.7% versus +746.3%). Note the risk asymmetry: SPRB runs 36.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SPRB: side by side
| HBAN (Huntington Bancshares) | SPRB (Spruce Biosciences, Inc.) | |
|---|---|---|
| 1-year return | -1.7% | +746.3% |
| 5-year return | +36.8% | -99.8% |
| Volatility (ann.) | 29.8% | 1086.4% |
| Beta vs S&P 500 | 1.07 | -7.82 |
| Max drawdown (3Y) | -30.0% | -100.0% |
| Market cap | $34.1B | $0.2B |
| P/E (trailing) | 13.1 | – |
| Dividend yield | 3.64% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HBAN | SPRB |
|---|---|---|
| 2022 | -4.4% | -75.4% |
| 2023 | -4.7% | +167.1% |
| 2024 | +33.7% | -85.7% |
| 2025 | +10.8% | -96.3% |
| 2026 | -0.9% | -27.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and SPRB good diversifiers for each other?
Yes. With a correlation of -0.19, HBAN and SPRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between HBAN and SPRB?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.34 over the last year and -0.13 over 5 years.
Is SPRB a good diversifier for HBAN?
Yes. With a correlation of -0.19, HBAN and SPRB have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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-sprb.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/hban-vs-sprb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HBAN correlations · SPRB correlations
