WAFD vs. FHN
WAFD (Washington Federal, Inc.) and FHN (First Horizon Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, WAFD returned 7.79%/yr vs 10.28%/yr for FHN. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
WAFD vs. FHN - Performance Comparison
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Returns By Period
In the year-to-date period, WAFD achieves a 18.20% return, which is significantly higher than FHN's 5.92% return. Over the past 10 years, WAFD has underperformed FHN with an annualized return of 7.79%, while FHN has yielded a comparatively higher 10.28% annualized return.
WAFD
- 1D
- 1.25%
- 1M
- 5.73%
- YTD
- 18.20%
- 6M
- 14.65%
- 1Y
- 33.82%
- 3Y*
- 16.26%
- 5Y*
- 6.17%
- 10Y*
- 7.79%
FHN
- 1D
- 0.56%
- 1M
- 3.68%
- YTD
- 5.92%
- 6M
- 3.16%
- 1Y
- 26.76%
- 3Y*
- 36.06%
- 5Y*
- 11.10%
- 10Y*
- 10.28%
WAFD vs. FHN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAFD Washington Federal, Inc. | 18.20% | 2.99% | 1.09% | 1.74% | 3.39% | 33.50% | -27.26% | 40.64% | -20.30% | 2.26% |
FHN First Horizon Corporation | 5.92% | 22.12% | 47.68% | -39.44% | 53.94% | 32.61% | -18.45% | 30.48% | -32.35% | 1.93% |
Correlation
The correlation between WAFD and FHN is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.51 |
The correlation between WAFD and FHN shifts across timeframes, from 0.51 (all time) to 0.69 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
WAFD:
$2.82B
FHN:
$12.15B
WAFD:
$3.24
FHN:
$2.05
WAFD:
11.48
FHN:
12.19
WAFD:
1.88
FHN:
3.42
WAFD:
2.79
FHN:
2.72
WAFD:
$1.04B
FHN:
$4.60B
WAFD:
$557.58M
FHN:
$3.40B
WAFD:
$224.92M
FHN:
$1.40B
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Return for Risk
WAFD vs. FHN — Risk / Return Rank
WAFD
FHN
WAFD vs. FHN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Washington Federal, Inc. (WAFD) and First Horizon Corporation (FHN). 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.
| WAFD | FHN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.20 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 1.63 | +1.01 |
| Martin ratioReturn relative to average drawdown | 7.92 | 4.01 | +3.91 |
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Drawdowns
WAFD vs. FHN - Drawdown Comparison
The maximum WAFD drawdown since its inception was -61.56%, smaller than the maximum FHN drawdown of -87.74%. Use the drawdown chart below to compare losses from any high point for WAFD and FHN.
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Drawdown Indicators
| WAFD | FHN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.56% | -87.74% | +26.18% |
Max Drawdown (1Y)Largest decline over 1 year | -12.90% | -16.52% | +3.62% |
Max Drawdown (3Y)Largest decline over 3 years | -34.63% | -27.14% | -7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -36.01% | -60.76% | +24.75% |
Max Drawdown (10Y)Largest decline over 10 years | -45.53% | -64.25% | +18.72% |
Current DrawdownCurrent decline from peak | 0.00% | -3.49% | +3.49% |
Average DrawdownAverage peak-to-trough decline | -15.94% | -20.06% | +4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.28% | 6.69% | -2.41% |
Volatility
WAFD vs. FHN - Volatility Comparison
Washington Federal, Inc. (WAFD) has a higher volatility of 6.07% compared to First Horizon Corporation (FHN) at 5.61%. This indicates that WAFD's price experiences larger fluctuations and is considered to be riskier than FHN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAFD | FHN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.61% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 17.49% | 16.98% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.32% | 25.55% | -1.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.20% | 37.01% | -6.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.07% | 38.93% | -7.86% |
Dividends
WAFD vs. FHN - Dividend Comparison
WAFD's dividend yield for the trailing twelve months is around 2.90%, more than FHN's 2.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHN First Horizon Corporation | 2.57% | 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. | 2.90% | 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. FHN - Financials Comparison
This section allows you to compare key financial metrics between Washington Federal, Inc. and First Horizon 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 FHN have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAFD has higher volatility (6.07%) compared to FHN (5.61%). In terms of maximum drawdown, WAFD dropped -61.56% vs FHN's -87.74%.
WAFD currently has the higher Sharpe Ratio (1.40 vs 1.05), 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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