WAFD vs. BAC
WAFD (Washington Federal, Inc.) and BAC (Bank of America Corporation) are both stocks. Both are in the Financial Services sector — WAFD in Banks - Regional, BAC in Banks - Diversified. Over the past 10 years, WAFD returned 6.56%/yr vs 16.28%/yr for BAC. At a 0.48 correlation, their price movements are largely independent.
Performance
WAFD vs. BAC - Performance Comparison
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Returns By Period
In the year-to-date period, WAFD achieves a 9.63% return, which is significantly higher than BAC's -4.19% return. Over the past 10 years, WAFD has underperformed BAC with an annualized return of 6.56%, while BAC has yielded a comparatively higher 16.28% annualized return.
WAFD
- 1D
- -2.23%
- 1M
- -1.15%
- YTD
- 9.63%
- 6M
- 9.26%
- 1Y
- 23.91%
- 3Y*
- 10.67%
- 5Y*
- 3.88%
- 10Y*
- 6.56%
BAC
- 1D
- -0.15%
- 1M
- 0.40%
- YTD
- -4.19%
- 6M
- -2.07%
- 1Y
- 20.00%
- 3Y*
- 25.09%
- 5Y*
- 6.37%
- 10Y*
- 16.28%
WAFD vs. BAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAFD Washington Federal, Inc. | 9.63% | 2.99% | 1.09% | 1.74% | 3.39% | 33.50% | -27.26% | 40.64% | -20.30% | 2.26% |
BAC Bank of America Corporation | -4.19% | 28.04% | 33.85% | 4.83% | -23.82% | 49.61% | -11.63% | 46.19% | -15.00% | 35.69% |
Correlation
The correlation between WAFD and BAC is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.48 |
The correlation between WAFD and BAC shifts across timeframes, from 0.48 (all time) to 0.65 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
WAFD:
$2.61B
BAC:
$388.68B
WAFD:
$3.24
BAC:
$4.19
WAFD:
10.65
BAC:
12.50
WAFD:
1.74
BAC:
5.02
WAFD:
2.59
BAC:
2.27
WAFD:
$1.04B
BAC:
$174.85B
WAFD:
$557.58M
BAC:
$110.47B
WAFD:
$224.92M
BAC:
$41.74B
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Return for Risk
WAFD vs. BAC — Risk / Return Rank
WAFD
BAC
WAFD vs. BAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Washington Federal, Inc. (WAFD) and Bank of America Corporation (BAC). 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.
| WAFD | BAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.17 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.12 | +0.74 |
| Martin ratioReturn relative to average drawdown | 5.53 | 2.89 | +2.64 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WAFD | BAC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.94 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.24 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.53 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.20 | 0.00 |
Drawdowns
WAFD vs. BAC - Drawdown Comparison
The maximum WAFD drawdown since its inception was -61.56%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for WAFD and BAC.
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Drawdown Indicators
| WAFD | BAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.56% | -93.10% | +31.54% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -17.93% | +5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -34.63% | -27.51% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -36.01% | -46.64% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -45.53% | -48.95% | +3.42% |
Current DrawdownCurrent decline from peak | -3.89% | -7.95% | +4.06% |
Average DrawdownAverage peak-to-trough decline | -15.97% | -28.32% | +12.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 6.93% | -2.59% |
Volatility
WAFD vs. BAC - Volatility Comparison
The current volatility for Washington Federal, Inc. (WAFD) is 5.39%, while Bank of America Corporation (BAC) has a volatility of 6.22%. This indicates that WAFD experiences smaller price fluctuations and is considered to be less risky than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAFD | BAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.39% | 6.22% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 17.52% | 16.10% | +1.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.38% | 21.33% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.28% | 26.85% | +3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.12% | 30.68% | +0.44% |
Dividends
WAFD vs. BAC - Dividend Comparison
WAFD's dividend yield for the trailing twelve months is around 3.12%, more than BAC's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC Bank of America Corporation | 2.10% | 1.96% | 2.28% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% |
WAFD Washington Federal, Inc. | 3.12% | 3.37% | 3.23% | 3.03% | 2.86% | 2.76% | 3.42% | 2.24% | 2.62% | 2.48% | 1.63% | 2.18% |
Financials
WAFD vs. BAC - Financials Comparison
This section allows you to compare key financial metrics between Washington Federal, Inc. and Bank of America Corporation. 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
WAFD and BAC have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAC has higher volatility (6.22%) compared to WAFD (5.39%). In terms of maximum drawdown, WAFD dropped -61.56% vs BAC's -93.10%.
WAFD currently has the higher Sharpe Ratio (0.99 vs 0.94), 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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