HBAN vs WFC: Correlation
Huntington Bancshares (HBAN) and Wells Fargo (WFC) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and WFC?
Over the past 3 years, HBAN and WFC moved with a correlation of 0.77, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.77 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 682.1 %².
Among the 55 assets we track against HBAN, WFC ranks #20 by 3-year correlation. On 12-month performance WFC holds a 6.9-point edge, -1.7% against +5.2%. The link looks structural: the rolling one-year correlation barely moved, holding between 0.67 and 0.90.
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 WFC: side by side
| HBAN (Huntington Bancshares) | WFC (Wells Fargo) | |
|---|---|---|
| 1-year return | -1.7% | +5.2% |
| 5-year return | +36.8% | +98.3% |
| Volatility (ann.) | 29.8% | 29.7% |
| Beta vs S&P 500 | 1.07 | 0.98 |
| Max drawdown (3Y) | -30.0% | -24.7% |
| Market cap | $34.1B | $256.9B |
| P/E (trailing) | 13.1 | 12.4 |
| Dividend yield | 3.64% | 2.11% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HBAN | WFC |
|---|---|---|
| 2022 | -4.4% | -11.9% |
| 2023 | -4.7% | +22.9% |
| 2024 | +33.7% | +46.5% |
| 2025 | +10.8% | +35.6% |
| 2026 | -0.9% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and WFC good diversifiers for each other?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between HBAN and WFC?
Using weekly returns as of 2026-08-27: 0.77 over 3 years, with 0.68 over the last year and 0.78 over 5 years.
Is WFC a good diversifier for HBAN?
Somewhat, no more. With 0.77 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.77 mean?
A reading of 0.77 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: HBAN correlations · WFC correlations
