FHN vs. WAFD
FHN (First Horizon Corporation) and WAFD (Washington Federal, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, FHN returned 9.60%/yr vs 7.14%/yr for WAFD. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
FHN vs. WAFD - Performance Comparison
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Returns By Period
In the year-to-date period, FHN achieves a 8.85% return, which is significantly lower than WAFD's 16.64% return. Over the past 10 years, FHN has outperformed WAFD with an annualized return of 9.60%, while WAFD has yielded a comparatively lower 7.14% annualized return.
FHN
- 1D
- 0.75%
- 1M
- -0.16%
- 6M
- 6.23%
- YTD
- 8.85%
- 1Y
- 23.49%
- 3Y*
- 28.78%
- 5Y*
- 14.54%
- 10Y*
- 9.60%
- ALL TIME*
- 11.21%
WAFD
- 1D
- 0.93%
- 1M
- -4.09%
- 6M
- 14.53%
- YTD
- 16.64%
- 1Y
- 31.69%
- 3Y*
- 9.99%
- 5Y*
- 6.02%
- 10Y*
- 7.14%
- ALL TIME*
- 6.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $135.81M | $152.97M | $119.08M | |
| $21.70M | $22.15M | $21.40M |
FHN vs. WAFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 8.85% | 22.12% | 47.68% | -39.44% | 53.94% | 32.61% | -18.45% | 30.48% | -32.35% | 1.93% |
WAFD Washington Federal, Inc. | 16.64% | 2.99% | 1.09% | 1.74% | 3.39% | 33.50% | -27.26% | 40.64% | -20.30% | 2.26% |
Correlation
The correlation between FHN and WAFD is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.51 |
The correlation between FHN and WAFD shifts across timeframes, from 0.51 (all time) to 0.68 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
FHN:
$12.17B
WAFD:
$2.72B
FHN:
$2.14
WAFD:
$3.36
FHN:
11.96
WAFD:
10.94
FHN:
3.36
WAFD:
1.79
FHN:
2.73
WAFD:
2.73
FHN:
$4.63B
WAFD:
$1.03B
FHN:
$3.49B
WAFD:
$566.98M
FHN:
$1.41B
WAFD:
$249.51M
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Return for Risk
FHN vs. WAFD — Risk / Return Rank
FHN
WAFD
FHN vs. WAFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Horizon Corporation (FHN) and Washington Federal, Inc. (WAFD). 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 | WAFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.27 | 2.39 | -1.12 |
| Martin ratioReturn relative to average drawdown | 3.17 | 7.21 | -4.04 |
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Drawdowns
FHN vs. WAFD - Drawdown Comparison
The maximum FHN drawdown since its inception was -87.74%, which is greater than WAFD's maximum drawdown of -61.56%. Use the drawdown chart below to compare losses from any high point for FHN and WAFD.
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Drawdown Indicators
| FHN | WAFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.74% | -61.56% | -26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -16.52% | -12.90% | -3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -27.14% | -34.63% | +7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -60.76% | -36.01% | -24.75% |
Max Drawdown (10Y)Largest decline over 10 years | -64.25% | -45.53% | -18.72% |
Current DrawdownCurrent decline from peak | -1.57% | -6.49% | +4.92% |
Average DrawdownAverage peak-to-trough decline | -20.00% | -15.91% | -4.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.59% | 4.26% | +2.33% |
Volatility
FHN vs. WAFD - Volatility Comparison
The current volatility for First Horizon Corporation (FHN) is 6.10%, while Washington Federal, Inc. (WAFD) has a volatility of 6.92%. This indicates that FHN experiences smaller price fluctuations and is considered to be less risky than WAFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FHN | WAFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.10% | 6.92% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 16.70% | 16.48% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.24% | 23.91% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.77% | 30.03% | +6.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.85% | 31.08% | +7.77% |
Dividends
FHN vs. WAFD - Dividend Comparison
FHN's dividend yield for the trailing twelve months is around 2.50%, less than WAFD's 2.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 2.50% | 2.51% | 2.98% | 4.24% | 2.45% | 3.67% | 4.70% | 3.38% | 3.65% | 1.80% | 1.40% | 1.65% |
WAFD Washington Federal, Inc. | 2.94% | 3.37% | 3.23% | 3.03% | 2.86% | 2.76% | 3.42% | 2.24% | 2.62% | 2.48% | 1.63% | 2.18% |
Financials
FHN vs. WAFD - Financials Comparison
This section allows you to compare key financial metrics between First Horizon Corporation and Washington Federal, 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
FHN and WAFD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAFD has higher volatility (6.92%) compared to FHN (6.10%). In terms of maximum drawdown, FHN dropped -87.74% vs WAFD's -61.56%.
WAFD currently has the higher Sharpe Ratio (1.29 vs 0.83), 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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