HBAN vs WTFC: Correlation
Huntington Bancshares (HBAN) and Wintrust Financial Corporation (WTFC) show a very strong relationship: their 3-year correlation of weekly returns is 0.87.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HBAN and WTFC?
Across a 3-year window, the weekly returns of HBAN and WTFC correlate at 0.87, very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.85 over 1 year against 0.87 over 3. Stretching to 5 years gives 0.85, with an annualized covariance of 712.4 %².
Within HBAN's tracked universe of 55 assets, WTFC comes in at #14 by 3-year correlation. Over the last 12 months WTFC came out ahead by 14.4 percentage points (-1.7% against +12.7%).
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 WTFC: side by side
| HBAN (Huntington Bancshares) | WTFC (Wintrust Financial Corporation) | |
|---|---|---|
| 1-year return | -1.7% | +12.7% |
| 5-year return | +36.8% | +127.7% |
| Volatility (ann.) | 29.8% | 27.6% |
| Beta vs S&P 500 | 1.07 | 1.06 |
| Max drawdown (3Y) | -30.0% | -31.0% |
| Market cap | $34.1B | $10.3B |
| P/E (trailing) | 13.1 | 12.3 |
| Dividend yield | 3.64% | 1.37% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | HBAN | WTFC |
|---|---|---|
| 2022 | -4.4% | -5.5% |
| 2023 | -4.7% | +12.0% |
| 2024 | +33.7% | +36.8% |
| 2025 | +10.8% | +13.9% |
| 2026 | -0.9% | +10.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HBAN and WTFC good diversifiers for each other?
No. With a correlation of 0.87, HBAN and WTFC move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between HBAN and WTFC?
The HBAN/WTFC correlation stands at 0.87 on a 3-year window (1 year: 0.85, 5 years: 0.85), computed from weekly returns as of 2026-08-27.
Is WTFC a good diversifier for HBAN?
No. With a correlation of 0.87, HBAN and WTFC move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.87 mean?
A reading of 0.87 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
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Related comparisons
Hubs: HBAN correlations · WTFC correlations
