HBAN vs. WAL
HBAN (Huntington Bancshares Incorporated) and WAL (Western Alliance Bancorporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, HBAN returned 11.61%/yr vs 11.13%/yr for WAL. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
HBAN vs. WAL - Performance Comparison
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Returns By Period
In the year-to-date period, HBAN achieves a 0.17% return, which is significantly higher than WAL's -5.35% return. Both investments have delivered pretty close results over the past 10 years, with HBAN having a 11.61% annualized return and WAL not far behind at 11.13%.
HBAN
- 1D
- 1.13%
- 1M
- 8.07%
- YTD
- 0.17%
- 6M
- -3.02%
- 1Y
- 11.68%
- 3Y*
- 23.80%
- 5Y*
- 8.91%
- 10Y*
- 11.61%
WAL
- 1D
- -1.44%
- 1M
- 0.22%
- YTD
- -5.35%
- 6M
- -9.44%
- 1Y
- 9.44%
- 3Y*
- 33.82%
- 5Y*
- -1.68%
- 10Y*
- 11.13%
HBAN vs. WAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HBAN Huntington Bancshares Incorporated | 0.17% | 10.78% | 33.71% | -4.72% | -4.37% | 27.05% | -11.06% | 31.74% | -15.26% | 13.00% |
WAL Western Alliance Bancorporation | -5.35% | 2.55% | 29.67% | 14.12% | -43.68% | 81.72% | 7.77% | 45.90% | -30.25% | 16.24% |
Correlation
The correlation between HBAN and WAL is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2005 | 0.65 |
The correlation between HBAN and WAL shifts across timeframes, from 0.65 (all time) to 0.78 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
HBAN:
$1.46
WAL:
$11.59
HBAN:
11.66
WAL:
6.80
HBAN:
0.79
WAL:
2.46
HBAN:
2.06
WAL:
1.23
HBAN:
$12.49B
WAL:
$5.28B
HBAN:
$7.70B
WAL:
$2.51B
HBAN:
$3.09B
WAL:
$1.03B
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Return for Risk
HBAN vs. WAL — Risk / Return Rank
HBAN
WAL
HBAN vs. WAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Huntington Bancshares Incorporated (HBAN) and Western Alliance Bancorporation (WAL). 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 | WAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.08 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.31 | +0.24 |
| Martin ratioReturn relative to average drawdown | 1.12 | 0.72 | +0.40 |
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Drawdowns
HBAN vs. WAL - Drawdown Comparison
The maximum HBAN drawdown since its inception was -95.88%, roughly equal to the maximum WAL drawdown of -92.14%. Use the drawdown chart below to compare losses from any high point for HBAN and WAL.
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Drawdown Indicators
| HBAN | WAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.88% | -92.14% | -3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -21.26% | -30.26% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -30.01% | -35.98% | +5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -44.17% | -84.79% | +40.62% |
Max Drawdown (10Y)Largest decline over 10 years | -54.98% | -84.79% | +29.81% |
Current DrawdownCurrent decline from peak | -9.81% | -28.87% | +19.06% |
Average DrawdownAverage peak-to-trough decline | -33.15% | -38.47% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.46% | 13.13% | -2.67% |
Volatility
HBAN vs. WAL - Volatility Comparison
The current volatility for Huntington Bancshares Incorporated (HBAN) is 7.57%, while Western Alliance Bancorporation (WAL) has a volatility of 8.90%. This indicates that HBAN experiences smaller price fluctuations and is considered to be less risky than WAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HBAN | WAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.57% | 8.90% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 26.91% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.17% | 37.65% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.40% | 60.20% | -28.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.41% | 52.32% | -17.91% |
Dividends
HBAN vs. WAL - Dividend Comparison
HBAN's dividend yield for the trailing twelve months is around 3.64%, more than WAL's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBAN Huntington Bancshares Incorporated | 3.64% | 3.57% | 3.81% | 4.87% | 4.40% | 3.92% | 4.75% | 3.85% | 4.19% | 2.40% | 2.19% | 2.26% |
WAL Western Alliance Bancorporation | 2.08% | 1.86% | 1.78% | 2.20% | 2.38% | 1.11% | 1.67% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HBAN vs. WAL - Financials Comparison
This section allows you to compare key financial metrics between Huntington Bancshares Incorporated and Western Alliance Bancorporation. 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
HBAN vs. WAL - Profitability Comparison
HBAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Huntington Bancshares Incorporated reported a gross profit of 2.05B and revenue of 3.25B. Therefore, the gross margin over that period was 63.2%.
WAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Western Alliance Bancorporation reported a gross profit of 0.00 and revenue of 1.19B. Therefore, the gross margin over that period was 0.0%.
HBAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Huntington Bancshares Incorporated reported an operating income of 631.00M and revenue of 3.25B, resulting in an operating margin of 19.4%.
WAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Western Alliance Bancorporation reported an operating income of 0.00 and revenue of 1.19B, resulting in an operating margin of 0.0%.
HBAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Huntington Bancshares Incorporated reported a net income of 519.00M and revenue of 3.25B, resulting in a net margin of 16.0%.
WAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Western Alliance Bancorporation reported a net income of 182.10M and revenue of 1.19B, resulting in a net margin of 15.3%.
Frequently Asked Questions
HBAN and WAL have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAL has higher volatility (8.90%) compared to HBAN (7.57%). In terms of maximum drawdown, HBAN dropped -95.88% vs WAL's -92.14%.
HBAN currently has the higher Sharpe Ratio (0.45 vs 0.25), 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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