BOH vs. ZION
BOH (Bank of Hawaii Corporation) and ZION (Zions Bancorporation, National Association) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, BOH returned 4.22%/yr vs 11.04%/yr for ZION. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
BOH vs. ZION - Performance Comparison
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Returns By Period
In the year-to-date period, BOH achieves a 10.49% return, which is significantly higher than ZION's 5.33% return. Over the past 10 years, BOH has underperformed ZION with an annualized return of 4.22%, while ZION has yielded a comparatively higher 11.04% annualized return.
BOH
- 1D
- -2.12%
- 1M
- -5.40%
- YTD
- 10.49%
- 6M
- 14.47%
- 1Y
- 15.97%
- 3Y*
- 25.18%
- 5Y*
- 0.80%
- 10Y*
- 4.22%
ZION
- 1D
- -2.03%
- 1M
- -1.43%
- YTD
- 5.33%
- 6M
- 12.48%
- 1Y
- 29.99%
- 3Y*
- 32.54%
- 5Y*
- 4.44%
- 10Y*
- 11.04%
BOH vs. ZION - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BOH Bank of Hawaii Corporation | 10.49% | 0.00% | 3.64% | -1.51% | -4.11% | 12.82% | -16.31% | 45.86% | -19.19% | -0.36% |
ZION Zions Bancorporation, National Association | 5.33% | 11.58% | 28.19% | -6.29% | -20.02% | 49.11% | -13.17% | 31.00% | -18.25% | 19.29% |
Correlation
The correlation between BOH and ZION is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.56 |
Over the past year, BOH and ZION have become more correlated (0.77) than their long-term average of 0.56, meaning their price movements have been converging.
Fundamentals
BOH:
$2.97B
ZION:
$8.93B
BOH:
$5.49
ZION:
$6.54
BOH:
13.52
ZION:
9.29
BOH:
2.72
ZION:
1.89
BOH:
1.96
ZION:
1.24
BOH:
$1.09B
ZION:
$4.74B
BOH:
$756.40M
ZION:
$2.54B
BOH:
$323.51M
ZION:
$992.96M
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Return for Risk
BOH vs. ZION — Risk / Return Rank
BOH
ZION
BOH vs. ZION - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of Hawaii Corporation (BOH) and Zions Bancorporation, National Association (ZION). 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.
| BOH | ZION | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.07 | 1.46 | -0.39 |
| Martin ratioReturn relative to average drawdown | 2.76 | 4.13 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BOH | ZION | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.99 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | 0.10 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.28 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.25 | +0.15 |
Drawdowns
BOH vs. ZION - Drawdown Comparison
The maximum BOH drawdown since its inception was -62.62%, smaller than the maximum ZION drawdown of -92.20%. Use the drawdown chart below to compare losses from any high point for BOH and ZION.
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Drawdown Indicators
| BOH | ZION | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.62% | -92.20% | +29.58% |
Max Drawdown (1Y)Largest decline over 1 year | -15.03% | -20.66% | +5.63% |
Max Drawdown (3Y)Largest decline over 3 years | -24.23% | -32.43% | +8.20% |
Max Drawdown (5Y)Largest decline over 5 years | -61.82% | -72.23% | +10.41% |
Max Drawdown (10Y)Largest decline over 10 years | -62.62% | -72.23% | +9.61% |
Current DrawdownCurrent decline from peak | -7.22% | -5.56% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -12.29% | -32.45% | +20.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.81% | 7.28% | -1.47% |
Volatility
BOH vs. ZION - Volatility Comparison
Bank of Hawaii Corporation (BOH) and Zions Bancorporation, National Association (ZION) have volatilities of 6.91% and 6.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOH | ZION | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 6.70% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 17.61% | 19.13% | -1.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.63% | 30.56% | -5.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.68% | 42.66% | -8.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.85% | 39.58% | -6.73% |
Dividends
BOH vs. ZION - Dividend Comparison
BOH's dividend yield for the trailing twelve months is around 3.77%, more than ZION's 2.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BOH Bank of Hawaii Corporation | 3.77% | 4.10% | 4.91% | 3.86% | 3.61% | 3.27% | 3.50% | 2.72% | 3.48% | 2.94% | 2.13% | 2.86% |
ZION Zions Bancorporation, National Association | 2.96% | 3.01% | 3.06% | 3.74% | 3.21% | 2.28% | 3.13% | 2.47% | 2.55% | 0.87% | 0.65% | 0.81% |
Financials
BOH vs. ZION - Financials Comparison
This section allows you to compare key financial metrics between Bank of Hawaii Corporation and Zions Bancorporation, National Association. 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
BOH vs. ZION - Profitability Comparison
BOH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of Hawaii Corporation reported a gross profit of 190.57M and revenue of 263.54M. Therefore, the gross margin over that period was 72.3%.
ZION - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Zions Bancorporation, National Association reported a gross profit of 0.00 and revenue of 996.00M. Therefore, the gross margin over that period was 0.0%.
BOH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of Hawaii Corporation reported an operating income of 74.50M and revenue of 263.54M, resulting in an operating margin of 28.3%.
ZION - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Zions Bancorporation, National Association reported an operating income of 0.00 and revenue of 996.00M, resulting in an operating margin of 0.0%.
BOH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of Hawaii Corporation reported a net income of 57.43M and revenue of 263.54M, resulting in a net margin of 21.8%.
ZION - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Zions Bancorporation, National Association reported a net income of 233.00M and revenue of 996.00M, resulting in a net margin of 23.4%.
Frequently Asked Questions
BOH and ZION have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOH has higher volatility (6.91%) compared to ZION (6.70%). In terms of maximum drawdown, BOH dropped -62.62% vs ZION's -92.20%.
ZION currently has the higher Sharpe Ratio (0.99 vs 0.65), 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.
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