FHN vs. USB
FHN (First Horizon Corporation) and USB (U.S. Bancorp) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, FHN returned 10.28%/yr vs 8.07%/yr for USB. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
FHN vs. USB - Performance Comparison
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Returns By Period
In the year-to-date period, FHN achieves a 5.92% return, which is significantly lower than USB's 13.70% return. Over the past 10 years, FHN has outperformed USB with an annualized return of 10.28%, while USB has yielded a comparatively lower 8.07% annualized return.
FHN
- 1D
- 0.56%
- 1M
- 3.68%
- YTD
- 5.92%
- 6M
- 3.16%
- 1Y
- 26.76%
- 3Y*
- 36.06%
- 5Y*
- 11.10%
- 10Y*
- 10.28%
USB
- 1D
- 2.33%
- 1M
- 9.52%
- YTD
- 13.70%
- 6M
- 12.42%
- 1Y
- 41.98%
- 3Y*
- 29.39%
- 5Y*
- 5.57%
- 10Y*
- 8.07%
FHN vs. USB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 5.92% | 22.12% | 47.68% | -39.44% | 53.94% | 32.61% | -18.45% | 30.48% | -32.35% | 1.93% |
USB U.S. Bancorp | 13.70% | 16.48% | 15.62% | 4.79% | -19.13% | 24.32% | -17.85% | 33.62% | -12.36% | 6.61% |
Correlation
The correlation between FHN and USB is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.56 |
Over the past year, FHN and USB have become more correlated (0.76) than their long-term average of 0.56, meaning their price movements have been converging.
Fundamentals
FHN:
$12.15B
USB:
$93.38B
FHN:
$2.05
USB:
$5.02
FHN:
12.19
USB:
11.97
FHN:
2.72
USB:
2.16
FHN:
1.44
USB:
1.58
FHN:
$4.60B
USB:
$43.34B
FHN:
$3.40B
USB:
$27.22B
FHN:
$1.40B
USB:
$10.34B
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Return for Risk
FHN vs. USB — Risk / Return Rank
FHN
USB
FHN vs. USB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Horizon Corporation (FHN) and U.S. Bancorp (USB). 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.
| FHN | USB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.84 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.33 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.60 | -0.97 |
| Martin ratioReturn relative to average drawdown | 4.01 | 6.44 | -2.43 |
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Drawdowns
FHN vs. USB - Drawdown Comparison
The maximum FHN drawdown since its inception was -87.74%, which is greater than USB's maximum drawdown of -76.08%. Use the drawdown chart below to compare losses from any high point for FHN and USB.
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Drawdown Indicators
| FHN | USB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.74% | -76.08% | -11.66% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -16.21% | -0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -30.63% | +3.49% |
Max Drawdown (5Y)Largest decline over 5 years | -60.76% | -52.13% | -8.63% |
Max Drawdown (10Y)Largest decline over 10 years | -64.25% | -52.13% | -12.12% |
Current DrawdownCurrent decline from peak | -3.49% | -0.03% | -3.46% |
Average DrawdownAverage peak-to-trough decline | -20.06% | -15.62% | -4.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 6.54% | +0.15% |
Volatility
FHN vs. USB - Volatility Comparison
The current volatility for First Horizon Corporation (FHN) is 5.61%, while U.S. Bancorp (USB) has a volatility of 7.99%. This indicates that FHN experiences smaller price fluctuations and is considered to be less risky than USB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHN | USB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.61% | 7.99% | -2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.98% | 17.07% | -0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.55% | 22.39% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.01% | 29.79% | +7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.93% | 30.29% | +8.64% |
Dividends
FHN vs. USB - Dividend Comparison
FHN's dividend yield for the trailing twelve months is around 2.57%, less than USB's 3.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 2.57% | 2.51% | 2.98% | 4.24% | 2.45% | 3.67% | 4.70% | 3.38% | 3.65% | 1.80% | 1.40% | 1.65% |
USB U.S. Bancorp | 3.43% | 3.82% | 4.14% | 4.46% | 4.31% | 3.13% | 3.61% | 2.66% | 2.93% | 2.16% | 2.08% | 2.37% |
Financials
FHN vs. USB - Financials Comparison
This section allows you to compare key financial metrics between First Horizon Corporation and U.S. Bancorp. 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
FHN vs. USB - Profitability Comparison
FHN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Horizon Corporation reported a gross profit of 862.00M and revenue of 862.00M. Therefore, the gross margin over that period was 100.0%.
USB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, U.S. Bancorp reported a gross profit of 6.68B and revenue of 10.84B. Therefore, the gross margin over that period was 61.7%.
FHN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Horizon Corporation reported an operating income of 357.00M and revenue of 862.00M, resulting in an operating margin of 41.4%.
USB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, U.S. Bancorp reported an operating income of 2.69B and revenue of 10.84B, resulting in an operating margin of 24.8%.
FHN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Horizon Corporation reported a net income of 263.00M and revenue of 862.00M, resulting in a net margin of 30.5%.
USB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, U.S. Bancorp reported a net income of 1.95B and revenue of 10.84B, resulting in a net margin of 18.0%.
Frequently Asked Questions
FHN and USB have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USB has higher volatility (7.99%) compared to FHN (5.61%). In terms of maximum drawdown, FHN dropped -87.74% vs USB's -76.08%.
USB currently has the higher Sharpe Ratio (1.89 vs 1.05), 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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