HBAN vs SRBK: Correlation
How closely do Huntington Bancshares (HBAN) and SR Bancorp, Inc. (SRBK) trade together? Their weekly returns over three years give a correlation of 0.50, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and SRBK?
Over the past 3 years, HBAN and SRBK moved with a correlation of 0.50, which is moderate. The link has tightened recently: the 1-year correlation (0.66) runs above the 3-year figure (0.50). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 259.2 %².
By 3-year correlation, SRBK places #40 of the 55 assets tracked against HBAN. Correlation aside, the last 12 months split them widely, with SRBK ahead by 32.0 points (-1.7% versus +30.3%). Note the risk asymmetry: HBAN runs 1.7 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 SRBK: side by side
| HBAN (Huntington Bancshares) | SRBK (SR Bancorp, Inc.) | |
|---|---|---|
| 1-year return | -1.7% | +30.3% |
| 5-year return | +36.8% | n/a |
| Volatility (ann.) | 29.8% | 17.4% |
| Beta vs S&P 500 | 1.07 | 0.36 |
| Max drawdown (3Y) | -30.0% | -13.5% |
| Market cap | $34.1B | $0.1B |
| P/E (trailing) | 13.1 | 44.3 |
| Dividend yield | 3.64% | 1.08% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HBAN | SRBK |
|---|---|---|
| 2022 | -4.4% | – |
| 2023 | -4.7% | – |
| 2024 | +33.7% | +24.6% |
| 2025 | +10.8% | +34.1% |
| 2026 | -0.9% | +24.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and SRBK good diversifiers for each other?
Only partially. A correlation of 0.50 means HBAN and SRBK 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 HBAN and SRBK?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.66 over the last year and n/a over 5 years.
Is SRBK a good diversifier for HBAN?
Only partially. A correlation of 0.50 means HBAN and SRBK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
A reading of 0.50 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-srbk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hban-vs-srbk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: HBAN correlations · SRBK correlations
