OSBC vs. WAL
OSBC (Old Second Bancorp, Inc.) 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, OSBC returned 13.30%/yr vs 11.13%/yr for WAL. At a 0.44 correlation, their price movements are largely independent.
Performance
OSBC vs. WAL - Performance Comparison
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Returns By Period
In the year-to-date period, OSBC achieves a 14.02% return, which is significantly higher than WAL's -5.35% return. Over the past 10 years, OSBC has outperformed WAL with an annualized return of 13.30%, while WAL has yielded a comparatively lower 11.13% annualized return.
OSBC
- 1D
- 0.87%
- 1M
- 4.74%
- YTD
- 14.02%
- 6M
- 8.35%
- 1Y
- 34.02%
- 3Y*
- 20.60%
- 5Y*
- 13.17%
- 10Y*
- 13.30%
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%
OSBC vs. WAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OSBC Old Second Bancorp, Inc. | 14.02% | 11.25% | 16.69% | -2.37% | 29.23% | 26.26% | -24.70% | 3.93% | -4.50% | 23.95% |
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 OSBC and WAL is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2005 | 0.44 |
Over the past year, OSBC and WAL have become more correlated (0.70) than their long-term average of 0.44, meaning their price movements have been converging.
Fundamentals
OSBC:
$2.25
WAL:
$11.59
OSBC:
9.79
WAL:
6.80
OSBC:
0.27
WAL:
2.46
OSBC:
2.04
WAL:
1.23
OSBC:
$412.93M
WAL:
$5.28B
OSBC:
$240.87M
WAL:
$2.51B
OSBC:
$91.93M
WAL:
$1.03B
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Return for Risk
OSBC vs. WAL — Risk / Return Rank
OSBC
WAL
OSBC vs. WAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old Second Bancorp, Inc. (OSBC) 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.
| OSBC | WAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.08 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 0.31 | +2.33 |
| Martin ratioReturn relative to average drawdown | 6.21 | 0.72 | +5.49 |
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Drawdowns
OSBC vs. WAL - Drawdown Comparison
The maximum OSBC drawdown since its inception was -97.67%, which is greater than WAL's maximum drawdown of -92.14%. Use the drawdown chart below to compare losses from any high point for OSBC and WAL.
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Drawdown Indicators
| OSBC | WAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.67% | -92.14% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -12.91% | -30.26% | +17.35% |
Max Drawdown (3Y)Largest decline over 3 years | -25.52% | -35.98% | +10.46% |
Max Drawdown (5Y)Largest decline over 5 years | -36.27% | -84.79% | +48.52% |
Max Drawdown (10Y)Largest decline over 10 years | -60.07% | -84.79% | +24.72% |
Current DrawdownCurrent decline from peak | -22.00% | -28.87% | +6.87% |
Average DrawdownAverage peak-to-trough decline | -43.98% | -38.47% | -5.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 13.13% | -7.64% |
Volatility
OSBC vs. WAL - Volatility Comparison
The current volatility for Old Second Bancorp, Inc. (OSBC) is 6.77%, while Western Alliance Bancorporation (WAL) has a volatility of 8.90%. This indicates that OSBC 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
| OSBC | WAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 8.90% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 19.03% | 26.91% | -7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.82% | 37.65% | -10.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.54% | 60.20% | -30.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.91% | 52.32% | -17.41% |
Dividends
OSBC vs. WAL - Dividend Comparison
OSBC's dividend yield for the trailing twelve months is around 1.22%, less than WAL's 2.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OSBC Old Second Bancorp, Inc. | 1.22% | 1.28% | 1.18% | 1.30% | 1.25% | 1.27% | 0.40% | 0.30% | 0.31% | 0.29% | 0.27% |
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% |
Financials
OSBC vs. WAL - Financials Comparison
This section allows you to compare key financial metrics between Old Second Bancorp, Inc. 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
OSBC vs. WAL - Profitability Comparison
OSBC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Old Second Bancorp, Inc. reported a gross profit of 0.00 and revenue of 98.35M. Therefore, the gross margin over that period was 0.0%.
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%.
OSBC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Old Second Bancorp, Inc. reported an operating income of 0.00 and revenue of 98.35M, resulting in an operating margin of 0.0%.
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%.
OSBC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Old Second Bancorp, Inc. reported a net income of 25.59M and revenue of 98.35M, resulting in a net margin of 26.0%.
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
OSBC and WAL have a correlation of 0.70, 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 OSBC (6.77%). In terms of maximum drawdown, OSBC dropped -97.67% vs WAL's -92.14%.
OSBC currently has the higher Sharpe Ratio (1.28 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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