WAL vs. HBAN
WAL (Western Alliance Bancorporation) and HBAN (Huntington Bancshares Incorporated) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, WAL returned 9.17%/yr vs 8.80%/yr for HBAN. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
WAL vs. HBAN - Performance Comparison
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Returns By Period
In the year-to-date period, WAL achieves a -6.57% return, which is significantly higher than HBAN's -7.25% return. Both investments have delivered pretty close results over the past 10 years, with WAL having a 9.17% annualized return and HBAN not far behind at 8.80%.
WAL
- 1D
- -3.05%
- 1M
- -2.08%
- YTD
- -6.57%
- 6M
- -7.49%
- 1Y
- 8.33%
- 3Y*
- 29.77%
- 5Y*
- -3.29%
- 10Y*
- 9.17%
HBAN
- 1D
- -1.85%
- 1M
- -1.42%
- YTD
- -7.25%
- 6M
- -4.73%
- 1Y
- 3.98%
- 3Y*
- 18.67%
- 5Y*
- 4.95%
- 10Y*
- 8.80%
WAL vs. HBAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WAL Western Alliance Bancorporation | -6.57% | 2.55% | 29.67% | 14.12% | -43.68% | 81.72% | 7.77% | 45.90% | -30.25% | 16.24% |
HBAN Huntington Bancshares Incorporated | -7.25% | 10.78% | 33.71% | -4.72% | -4.37% | 27.05% | -11.06% | 31.74% | -15.26% | 13.00% |
Correlation
The correlation between WAL and HBAN is 0.75, 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 | 0.75 |
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 5, 2005 | 0.65 |
The correlation between WAL and HBAN shifts across timeframes, from 0.65 (all time) to 0.78 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
WAL:
$11.59
HBAN:
$1.46
WAL:
6.71
HBAN:
10.89
WAL:
2.43
HBAN:
0.73
WAL:
1.21
HBAN:
1.93
WAL:
$5.28B
HBAN:
$12.49B
WAL:
$2.51B
HBAN:
$7.70B
WAL:
$1.03B
HBAN:
$3.09B
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Return for Risk
WAL vs. HBAN — Risk / Return Rank
WAL
HBAN
WAL vs. HBAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Alliance Bancorporation (WAL) and Huntington Bancshares Incorporated (HBAN). 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.
| WAL | HBAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.05 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.19 | +0.09 |
| Martin ratioReturn relative to average drawdown | 0.66 | 0.39 | +0.26 |
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
| WAL | HBAN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 0.15 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.16 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.26 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.10 | +0.01 |
Drawdowns
WAL vs. HBAN - Drawdown Comparison
The maximum WAL drawdown since its inception was -92.14%, roughly equal to the maximum HBAN drawdown of -95.88%. Use the drawdown chart below to compare losses from any high point for WAL and HBAN.
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Drawdown Indicators
| WAL | HBAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.14% | -95.88% | +3.74% |
Max Drawdown (1Y)Largest decline over 1 year | -30.26% | -21.26% | -9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -35.98% | -30.01% | -5.97% |
Max Drawdown (5Y)Largest decline over 5 years | -84.79% | -44.17% | -40.62% |
Max Drawdown (10Y)Largest decline over 10 years | -84.79% | -54.98% | -29.81% |
Current DrawdownCurrent decline from peak | -29.78% | -16.49% | -13.29% |
Average DrawdownAverage peak-to-trough decline | -38.51% | -33.17% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.73% | 10.19% | +2.54% |
Volatility
WAL vs. HBAN - Volatility Comparison
Western Alliance Bancorporation (WAL) has a higher volatility of 10.54% compared to Huntington Bancshares Incorporated (HBAN) at 7.65%. This indicates that WAL's price experiences larger fluctuations and is considered to be riskier than HBAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WAL | HBAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.54% | 7.65% | +2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 26.82% | 20.00% | +6.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.52% | 26.04% | +11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.28% | 31.51% | +28.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.30% | 34.41% | +17.89% |
Dividends
WAL vs. HBAN - Dividend Comparison
WAL's dividend yield for the trailing twelve months is around 2.11%, less than HBAN's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HBAN Huntington Bancshares Incorporated | 3.89% | 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 | 2.11% | 1.86% | 1.78% | 2.20% | 2.38% | 1.11% | 1.67% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
WAL vs. HBAN - Financials Comparison
This section allows you to compare key financial metrics between Western Alliance Bancorporation and Huntington Bancshares Incorporated. 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
WAL vs. HBAN - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
WAL and HBAN have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WAL has higher volatility (10.54%) compared to HBAN (7.65%). In terms of maximum drawdown, WAL dropped -92.14% vs HBAN's -95.88%.
WAL currently has the higher Sharpe Ratio (0.22 vs 0.15), 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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