HBAN vs TFC: Correlation
Measured on weekly returns over the past three years, Huntington Bancshares (HBAN) and Truist Financial (TFC) carry a correlation of 0.88, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and TFC?
Across a 3-year window, the weekly returns of HBAN and TFC correlate at 0.88, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.88 lands near the 3-year figure. Stretching to 5 years gives 0.85, with an annualized covariance of 733.4 %².
By 3-year correlation, TFC places #9 of the 55 assets tracked against HBAN. Over the last 12 months TFC came out ahead by 13.8 percentage points (-1.7% against +12.1%). The link looks structural: the rolling one-year correlation barely moved, holding between 0.80 and 0.93.
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 TFC: side by side
| HBAN (Huntington Bancshares) | TFC (Truist Financial) | |
|---|---|---|
| 1-year return | -1.7% | +12.1% |
| 5-year return | +36.8% | +12.7% |
| Volatility (ann.) | 29.8% | 28.0% |
| Beta vs S&P 500 | 1.07 | 1.07 |
| Max drawdown (3Y) | -30.0% | -26.9% |
| Market cap | $34.1B | $61.4B |
| P/E (trailing) | 13.1 | 11.6 |
| Dividend yield | 3.64% | 4.10% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HBAN | TFC |
|---|---|---|
| 2022 | -4.4% | -23.5% |
| 2023 | -4.7% | -8.6% |
| 2024 | +33.7% | +23.7% |
| 2025 | +10.8% | +19.0% |
| 2026 | -0.9% | +5.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and TFC good diversifiers for each other?
No: a correlation of 0.88 means HBAN and TFC tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between HBAN and TFC?
As of 2026-08-27, the correlation of weekly returns between HBAN and TFC is 0.88 over 3 years, 0.88 over 1 year and 0.85 over 5 years.
Is TFC a good diversifier for HBAN?
No: a correlation of 0.88 means HBAN and TFC tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.88 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/hban-vs-tfc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hban-vs-tfc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: HBAN correlations · TFC correlations
