ONB vs. WTFC

Last updated Jun 4, 2026

ONB (Old National Bancorp) and WTFC (Wintrust Financial Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, ONB returned 9.25%/yr vs 12.55%/yr for WTFC. A 0.62 correlation means they provide meaningful diversification when combined.

Performance

ONB vs. WTFC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Old National Bancorp (ONB) and Wintrust Financial Corporation (WTFC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONB achieves a 5.77% return, which is significantly lower than WTFC's 6.63% return. Over the past 10 years, ONB has underperformed WTFC with an annualized return of 9.25%, while WTFC has yielded a comparatively higher 12.55% annualized return.

ONB

• 1D: -2.26%
• 1M: -1.38%
• YTD: 5.77%
• 6M: 7.26%
• 1Y: 13.78%
• 3Y*: 23.76%
• 5Y*: 7.43%
• 10Y*: 9.25%

WTFC

• 1D: -1.39%
• 1M: -0.25%
• YTD: 6.63%
• 6M: 9.05%
• 1Y: 22.83%
• 3Y*: 31.81%
• 5Y*: 14.65%
• 10Y*: 12.55%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ONB vs. WTFC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONB Old National Bancorp	5.77%	5.43%	32.47%	-2.47%	2.51%	12.89%	-6.07%	22.41%	-9.23%	-0.92%
WTFC Wintrust Financial Corporation	6.63%	13.94%	36.83%	12.00%	-5.54%	51.10%	-11.77%	8.16%	-18.56%	14.36%

Correlation

The correlation between ONB and WTFC is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Apr 17, 1998	0.62

The correlation between ONB and WTFC shifts across timeframes, from 0.62 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ONB : $9.05B WTFC : $125.97M
EPS ONB : $2.06 WTFC : $16.92
PE Ratio ONB : 11.34 WTFC : 8.75
PEG Ratio ONB : 3.72 WTFC : 0.80
PS Ratio ONB : 2.16 WTFC : 1.82
PB Ratio ONB : 1.06 WTFC : 0.02
Total Revenue (TTM) ONB : $3.99B WTFC : $4.15B
Gross Profit (TTM) ONB : $2.57B WTFC : $2.01B
EBITDA (TTM) ONB : $1.08B WTFC : $943.92M

Return for Risk

ONB vs. WTFC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ONB

ONB Risk / Return Rank: 55
ONB Sharpe Ratio Rank: 58
ONB Sortino Ratio Rank: 51
ONB Omega Ratio Rank: 49
ONB Calmar Ratio Rank: 57
ONB Martin Ratio Rank: 58

WTFC

WTFC Risk / Return Rank: 64
WTFC Sharpe Ratio Rank: 68
WTFC Sortino Ratio Rank: 62
WTFC Omega Ratio Rank: 59
WTFC Calmar Ratio Rank: 65
WTFC Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ONB vs. WTFC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Old National Bancorp (ONB) and Wintrust Financial Corporation (WTFC). 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.

	ONB	WTFC	Difference
Sharpe ratio Return per unit of total volatility	0.50	0.88	-0.38
Sortino ratio Return per unit of downside risk	0.86	1.35	-0.49
Omega ratio Gain probability vs. loss probability	1.11	1.16	-0.06
Calmar ratio Return relative to maximum drawdown	0.78	1.19	-0.41
Martin ratio Return relative to average drawdown	1.74	3.18	-1.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONB vs. WTFC - Sharpe Ratio Comparison

The current ONB Sharpe Ratio is 0.50, which is lower than the WTFC Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of ONB and WTFC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ONB	WTFC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.50	0.88	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.46	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.34	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.26	-0.12

Drawdowns

ONB vs. WTFC - Drawdown Comparison

The maximum ONB drawdown since its inception was -60.83%, smaller than the maximum WTFC drawdown of -83.58%. Use the drawdown chart below to compare losses from any high point for ONB and WTFC.

Drawdown Indicators

	ONB	WTFC	Difference
Max Drawdown Largest peak-to-trough decline	-60.83%	-83.58%	+22.75%
Max Drawdown (1Y) Largest decline over 1 year	-17.73%	-19.30%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	-26.12%	-31.02%	+4.90%
Max Drawdown (5Y) Largest decline over 5 years	-37.91%	-40.71%	+2.80%
Max Drawdown (10Y) Largest decline over 10 years	-40.79%	-74.50%	+33.71%
Current Drawdown Current decline from peak	-8.82%	-7.92%	-0.90%
Average Drawdown Average peak-to-trough decline	-19.94%	-23.18%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.95%	7.20%	+0.75%

Volatility

ONB vs. WTFC - Volatility Comparison

Old National Bancorp (ONB) has a higher volatility of 7.28% compared to Wintrust Financial Corporation (WTFC) at 5.85%. This indicates that ONB's price experiences larger fluctuations and is considered to be riskier than WTFC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONB	WTFC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.28%	5.85%	+1.43%
Volatility (6M) Calculated over the trailing 6-month period	18.24%	18.05%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	27.85%	26.09%	+1.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.11%	31.87%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.69%	37.32%	-6.63%

Dividends

ONB vs. WTFC - Dividend Comparison

ONB's dividend yield for the trailing twelve months is around 3.05%, more than WTFC's 1.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ONB Old National Bancorp	3.05%	2.51%	2.58%	3.32%	3.11%	3.09%	3.38%	2.84%	3.38%	2.98%	2.87%	3.54%
WTFC Wintrust Financial Corporation	1.42%	1.43%	1.44%	1.73%	1.61%	1.37%	1.83%	1.41%	1.14%	0.68%	0.66%	0.91%

Financials

ONB vs. WTFC - Profitability Comparison

The chart below illustrates the profitability comparison between Old National Bancorp and Wintrust Financial Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ONB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Old National Bancorp reported a gross profit of 659.97M and revenue of 999.74M. Therefore, the gross margin over that period was 66.0%.

WTFC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Wintrust Financial Corporation reported a gross profit of 0.00 and revenue of 927.56M. Therefore, the gross margin over that period was 0.0%.

ONB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Old National Bancorp reported an operating income of 295.27M and revenue of 999.74M, resulting in an operating margin of 29.5%.

WTFC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Wintrust Financial Corporation reported an operating income of 19.15M and revenue of 927.56M, resulting in an operating margin of 2.1%.

ONB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Old National Bancorp reported a net income of 233.67M and revenue of 999.74M, resulting in a net margin of 23.4%.

WTFC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Wintrust Financial Corporation reported a net income of 227.39M and revenue of 927.56M, resulting in a net margin of 24.5%.

Frequently Asked Questions

Can I hold both ONB and WTFC in my portfolio?

ONB and WTFC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONB or WTFC?

ONB has higher volatility (7.28%) compared to WTFC (5.85%). In terms of maximum drawdown, ONB dropped -60.83% vs WTFC's -83.58%.

Which has better risk-adjusted returns?

WTFC currently has the higher Sharpe Ratio (0.88 vs 0.50), 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.