WAL vs. KRE
Compare and contrast key facts about Western Alliance Bancorporation (WAL) and SPDR S&P Regional Banking ETF (KRE).
KRE is a passively managed fund by State Street that tracks the performance of the S&P Regional Banks Select Industry Index. It was launched on Jun 19, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WAL or KRE.
Key characteristics
| WAL | KRE | |
|---|---|---|
| YTD Return | 41.99% | 28.47% |
| 1Y Return | 91.54% | 50.58% |
| 3Y Return (Ann) | -5.87% | -1.37% |
| 5Y Return (Ann) | 14.62% | 6.38% |
| 10Y Return (Ann) | 14.71% | 7.60% |
| Sharpe Ratio | 2.12 | 1.73 |
| Sortino Ratio | 2.89 | 2.62 |
| Omega Ratio | 1.36 | 1.32 |
| Calmar Ratio | 1.56 | 1.28 |
| Martin Ratio | 9.26 | 7.51 |
| Ulcer Index | 9.89% | 7.01% |
| Daily Std Dev | 43.13% | 30.49% |
| Max Drawdown | -92.14% | -68.54% |
| Current Drawdown | -19.75% | -9.33% |
Correlation
The correlation between WAL and KRE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
WAL vs. KRE - Performance Comparison
In the year-to-date period, WAL achieves a 41.99% return, which is significantly higher than KRE's 28.47% return. Over the past 10 years, WAL has outperformed KRE with an annualized return of 14.71%, while KRE has yielded a comparatively lower 7.60% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
WAL vs. KRE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Alliance Bancorporation (WAL) and SPDR S&P Regional Banking ETF (KRE). 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.
Dividends
WAL vs. KRE - Dividend Comparison
WAL's dividend yield for the trailing twelve months is around 2.02%, less than KRE's 2.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAL Western Alliance Bancorporation | 2.02% | 2.20% | 2.38% | 1.11% | 1.67% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KRE SPDR S&P Regional Banking ETF | 2.41% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% | 1.37% |
Drawdowns
WAL vs. KRE - Drawdown Comparison
The maximum WAL drawdown since its inception was -92.14%, which is greater than KRE's maximum drawdown of -68.54%. Use the drawdown chart below to compare losses from any high point for WAL and KRE. For additional features, visit the drawdowns tool.
Volatility
WAL vs. KRE - Volatility Comparison
Western Alliance Bancorporation (WAL) has a higher volatility of 19.80% compared to SPDR S&P Regional Banking ETF (KRE) at 14.86%. This indicates that WAL's price experiences larger fluctuations and is considered to be riskier than KRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.