HBAN vs. HBNC
HBAN (Huntington Bancshares Incorporated) and HBNC (Horizon Bancorp, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, HBAN returned 11.83%/yr vs 9.80%/yr for HBNC. At a 0.36 correlation, their price movements are largely independent.
Performance
HBAN vs. HBNC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HBAN achieves a 2.22% return, which is significantly lower than HBNC's 18.27% return. Over the past 10 years, HBAN has outperformed HBNC with an annualized return of 11.83%, while HBNC has yielded a comparatively lower 9.80% annualized return.
HBAN
- 1D
- 2.05%
- 1M
- 10.28%
- YTD
- 2.22%
- 6M
- 0.03%
- 1Y
- 12.34%
- 3Y*
- 24.64%
- 5Y*
- 8.83%
- 10Y*
- 11.83%
HBNC
- 1D
- 1.39%
- 1M
- 7.31%
- YTD
- 18.27%
- 6M
- 13.52%
- 1Y
- 35.61%
- 3Y*
- 29.37%
- 5Y*
- 6.42%
- 10Y*
- 9.80%
HBAN vs. HBNC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBAN Huntington Bancshares Incorporated | 2.22% | 10.78% | 33.71% | -4.72% | -4.37% | 27.05% | -11.06% | 31.74% | -15.26% | 13.00% |
HBNC Horizon Bancorp, Inc. | 18.27% | 9.76% | 18.19% | 0.43% | -25.26% | 35.43% | -12.86% | 23.69% | -13.14% | 1.06% |
Correlation
The correlation between HBAN and HBNC is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2001 | 0.36 |
Over the past year, HBAN and HBNC have become more correlated (0.67) than their long-term average of 0.36, meaning their price movements have been converging.
Fundamentals
HBAN:
$1.46
HBNC:
-$3.06
HBAN:
$12.49B
HBNC:
-$1.82M
HBAN:
$7.70B
HBNC:
-$97.09M
HBAN:
$3.09B
HBNC:
-$218.68M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HBAN vs. HBNC — Risk / Return Rank
HBAN
HBNC
HBAN vs. HBNC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Huntington Bancshares Incorporated (HBAN) and Horizon Bancorp, Inc. (HBNC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HBAN | HBNC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.24 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.15 | -1.57 |
| Martin ratioReturn relative to average drawdown | 1.18 | 6.23 | -5.05 |
Loading charts...
Drawdowns
HBAN vs. HBNC - Drawdown Comparison
The maximum HBAN drawdown since its inception was -95.88%, which is greater than HBNC's maximum drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for HBAN and HBNC.
Loading charts...
Drawdown Indicators
| HBAN | HBNC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.88% | -65.21% | -30.67% |
Max Drawdown (1Y)Largest decline over 1 year | -21.26% | -16.65% | -4.61% |
Max Drawdown (3Y)Largest decline over 3 years | -30.01% | -29.61% | -0.40% |
Max Drawdown (5Y)Largest decline over 5 years | -44.17% | -65.21% | +21.04% |
Max Drawdown (10Y)Largest decline over 10 years | -54.98% | -65.21% | +10.23% |
Current DrawdownCurrent decline from peak | -7.96% | -0.35% | -7.61% |
Average DrawdownAverage peak-to-trough decline | -33.14% | -17.12% | -16.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.47% | 5.73% | +4.74% |
Volatility
HBAN vs. HBNC - Volatility Comparison
Huntington Bancshares Incorporated (HBAN) has a higher volatility of 7.74% compared to Horizon Bancorp, Inc. (HBNC) at 6.63%. This indicates that HBAN's price experiences larger fluctuations and is considered to be riskier than HBNC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HBAN | HBNC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 6.63% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 20.30% | 18.61% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.19% | 27.69% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.41% | 35.71% | -4.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.31% | 36.90% | -2.59% |
Dividends
HBAN vs. HBNC - Dividend Comparison
HBAN's dividend yield for the trailing twelve months is around 3.56%, more than HBNC's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBAN Huntington Bancshares Incorporated | 3.56% | 3.57% | 3.81% | 4.87% | 4.40% | 3.92% | 4.75% | 3.85% | 4.19% | 2.40% | 2.19% | 2.26% |
HBNC Horizon Bancorp, Inc. | 3.25% | 3.77% | 3.97% | 4.47% | 4.11% | 2.54% | 3.03% | 2.32% | 2.45% | 1.73% | 1.43% | 1.54% |
Financials
HBAN vs. HBNC - Financials Comparison
This section allows you to compare key financial metrics between Huntington Bancshares Incorporated and Horizon Bancorp, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
HBAN and HBNC have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBAN has higher volatility (7.74%) compared to HBNC (6.63%). In terms of maximum drawdown, HBAN dropped -95.88% vs HBNC's -65.21%.
HBNC currently has the higher Sharpe Ratio (1.30 vs 0.47), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for HBAN and HBNC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer