HBAN vs SYF: Correlation
How closely do Huntington Bancshares (HBAN) and Synchrony Financial (SYF) trade together? Their weekly returns over three years give a correlation of 0.79, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and SYF?
Over the past 3 years, HBAN and SYF moved with a correlation of 0.79, which is strong. The link has loosened recently: the 1-year correlation (0.68) runs below the 3-year figure (0.79). Over 5 years the correlation is 0.71, and the annualized covariance of weekly returns is 744.1 %².
Among the 55 assets we track against HBAN, SYF ranks #18 by 3-year correlation. On 12-month performance SYF holds a 9.0-point edge, -1.7% against +7.3%. The rolling one-year correlation moved between 0.60 and 0.90 over the past three years, a moderate range.
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 SYF: side by side
| HBAN (Huntington Bancshares) | SYF (Synchrony Financial) | |
|---|---|---|
| 1-year return | -1.7% | +7.3% |
| 5-year return | +36.8% | +81.0% |
| Volatility (ann.) | 29.8% | 31.6% |
| Beta vs S&P 500 | 1.07 | 1.28 |
| Max drawdown (3Y) | -30.0% | -37.7% |
| Market cap | $34.1B | $26.0B |
| P/E (trailing) | 13.1 | 8.2 |
| Dividend yield | 3.64% | 1.50% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HBAN | SYF |
|---|---|---|
| 2022 | -4.4% | -27.4% |
| 2023 | -4.7% | +19.8% |
| 2024 | +33.7% | +74.0% |
| 2025 | +10.8% | +30.6% |
| 2026 | -0.9% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and SYF good diversifiers for each other?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HBAN and SYF?
Using weekly returns as of 2026-08-27: 0.79 over 3 years, with 0.68 over the last year and 0.71 over 5 years.
Is SYF a good diversifier for HBAN?
Somewhat, no more. With 0.79 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.79 mean?
On the −1 to +1 scale, 0.79 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hban-vs-syf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hban-vs-syf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HBAN correlations · SYF correlations
