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.
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
Key characteristics
WAL:
1.09
KRE:
0.99
WAL:
1.75
KRE:
1.64
WAL:
1.22
KRE:
1.20
WAL:
0.85
KRE:
0.77
WAL:
4.23
KRE:
3.97
WAL:
10.48%
KRE:
7.37%
WAL:
40.60%
KRE:
29.65%
WAL:
-92.14%
KRE:
-68.54%
WAL:
-22.92%
KRE:
-13.83%
Returns By Period
In the year-to-date period, WAL achieves a 5.18% return, which is significantly higher than KRE's 2.97% return. Over the past 10 years, WAL has outperformed KRE with an annualized return of 14.72%, while KRE has yielded a comparatively lower 7.85% annualized return.
WAL
5.18%
-3.53%
20.92%
43.91%
11.06%
14.72%
KRE
2.97%
-1.57%
13.05%
29.77%
4.59%
7.85%
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Risk-Adjusted Performance
WAL vs. KRE — Risk-Adjusted Performance Rank
WAL
KRE
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 1.70%, less than KRE's 2.52% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WAL Western Alliance Bancorporation | 1.70% | 1.78% | 2.20% | 2.38% | 1.11% | 1.67% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KRE SPDR S&P Regional Banking ETF | 2.52% | 2.59% | 2.99% | 2.51% | 1.97% | 2.78% | 2.21% | 2.25% | 1.40% | 1.39% | 1.80% | 1.60% |
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 11.07% compared to SPDR S&P Regional Banking ETF (KRE) at 8.81%. 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.