HBAN vs STT: Correlation
Huntington Bancshares (HBAN) and State Street Corporation (STT) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and STT?
On 3 years of weekly data the HBAN/STT correlation comes out at 0.73, strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.73). The 5-year figure is 0.71, and annualized covariance runs at 501.3 %².
Among the 55 assets we track against HBAN, STT ranks #23 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months STT outperformed by 74.4 percentage points (-1.7% for HBAN against +72.7% for STT). On a rolling one-year basis the correlation drifted between 0.50 and 0.88, a moderate band.
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 STT: side by side
| HBAN (Huntington Bancshares) | STT (State Street Corporation) | |
|---|---|---|
| 1-year return | -1.7% | +72.7% |
| 5-year return | +36.8% | +144.9% |
| Volatility (ann.) | 29.8% | 22.9% |
| Beta vs S&P 500 | 1.07 | 0.97 |
| Max drawdown (3Y) | -30.0% | -25.7% |
| Market cap | $34.1B | $53.1B |
| P/E (trailing) | 13.1 | 17.1 |
| Dividend yield | 3.64% | 1.74% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HBAN | STT |
|---|---|---|
| 2022 | -4.4% | -13.8% |
| 2023 | -4.7% | +3.5% |
| 2024 | +33.7% | +30.2% |
| 2025 | +10.8% | +35.5% |
| 2026 | -0.9% | +52.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and STT good diversifiers for each other?
To a limited degree. At 0.73 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 STT?
The HBAN/STT correlation stands at 0.73 on a 3-year window (1 year: 0.52, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is STT a good diversifier for HBAN?
To a limited degree. At 0.73 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 0.73 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
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Related comparisons
Hubs: HBAN correlations · STT correlations
