WASH vs. HRL

Last updated Jun 3, 2026

WASH (Washington Trust Bancorp, Inc.) and HRL (Hormel Foods Corporation) are both stocks. WASH operates in Banks - Regional (Financial Services), while HRL operates in Packaged Foods (Consumer Defensive). Over the past 10 years, WASH returned 3.46%/yr vs -1.32%/yr for HRL. At a 0.21 correlation, their price movements are largely independent.

Performance

WASH vs. HRL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Washington Trust Bancorp, Inc. (WASH) and Hormel Foods Corporation (HRL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WASH achieves a 15.03% return, which is significantly higher than HRL's 1.20% return. Over the past 10 years, WASH has outperformed HRL with an annualized return of 3.46%, while HRL has yielded a comparatively lower -1.32% annualized return.

WASH

• 1D: 1.93%
• 1M: 2.66%
• YTD: 15.03%
• 6M: 17.95%
• 1Y: 29.11%
• 3Y*: 14.54%
• 5Y*: -4.14%
• 10Y*: 3.46%

HRL

• 1D: 0.00%
• 1M: 9.47%
• YTD: 1.20%
• 6M: 3.87%
• 1Y: -20.53%
• 3Y*: -13.60%
• 5Y*: -11.14%
• 10Y*: -1.32%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WASH vs. HRL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WASH Washington Trust Bancorp, Inc.	15.03%	1.69%	2.68%	-26.09%	-12.49%	30.86%	-11.78%	17.70%	-7.75%	-2.21%
HRL Hormel Foods Corporation	1.20%	-21.27%	1.21%	-27.49%	-4.67%	6.99%	5.38%	7.85%	19.68%	6.72%

Correlation

The correlation between WASH and HRL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.17
Correlation (All Time) Calculated using the full available price history since Aug 21, 1995	0.21

Fundamentals

EPS WASH : $2.71 HRL : $0.85
PE Ratio WASH : 12.09 HRL : 27.54
PS Ratio WASH : 1.66 HRL : 1.05
Total Revenue (TTM) WASH : $381.08M HRL : $12.22B
Gross Profit (TTM) WASH : $206.98M HRL : $1.92B
EBITDA (TTM) WASH : $70.64M HRL : $868.07M

Return for Risk

WASH vs. HRL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WASH

WASH Risk / Return Rank: 66
WASH Sharpe Ratio Rank: 67
WASH Sortino Ratio Rank: 60
WASH Omega Ratio Rank: 66
WASH Calmar Ratio Rank: 69
WASH Martin Ratio Rank: 70

HRL

HRL Risk / Return Rank: 15
HRL Sharpe Ratio Rank: 11
HRL Sortino Ratio Rank: 13
HRL Omega Ratio Rank: 12
HRL Calmar Ratio Rank: 19
HRL Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WASH vs. HRL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Washington Trust Bancorp, Inc. (WASH) and Hormel Foods Corporation (HRL). 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.

	WASH	HRL	Difference
Sharpe ratio Return per unit of total volatility	0.86	-0.70	+1.56
Sortino ratio Return per unit of downside risk	1.30	-0.86	+2.16
Omega ratio Gain probability vs. loss probability	1.21	0.89	+0.32
Calmar ratio Return relative to maximum drawdown	1.58	-0.59	+2.16
Martin ratio Return relative to average drawdown	3.89	-0.93	+4.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WASH vs. HRL - Sharpe Ratio Comparison

The current WASH Sharpe Ratio is 0.86, which is higher than the HRL Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of WASH and HRL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WASH	HRL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	-0.70	+1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	-0.46	+0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.10	-0.06	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.37	-0.13

Drawdowns

WASH vs. HRL - Drawdown Comparison

The maximum WASH drawdown since its inception was -60.33%, roughly equal to the maximum HRL drawdown of -58.46%. Use the drawdown chart below to compare losses from any high point for WASH and HRL.

Drawdown Indicators

	WASH	HRL	Difference
Max Drawdown Largest peak-to-trough decline	-60.33%	-58.46%	-1.87%
Max Drawdown (1Y) Largest decline over 1 year	-17.65%	-34.29%	+16.64%
Max Drawdown (3Y) Largest decline over 3 years	-32.25%	-46.94%	+14.69%
Max Drawdown (5Y) Largest decline over 5 years	-60.33%	-58.46%	-1.87%
Max Drawdown (10Y) Largest decline over 10 years	-60.33%	-58.46%	-1.87%
Current Drawdown Current decline from peak	-27.63%	-50.87%	+23.24%
Average Drawdown Average peak-to-trough decline	-17.44%	-11.84%	-5.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.16%	21.60%	-14.44%

Volatility

WASH vs. HRL - Volatility Comparison

The current volatility for Washington Trust Bancorp, Inc. (WASH) is 5.88%, while Hormel Foods Corporation (HRL) has a volatility of 13.69%. This indicates that WASH experiences smaller price fluctuations and is considered to be less risky than HRL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WASH	HRL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.88%	13.69%	-7.81%
Volatility (6M) Calculated over the trailing 6-month period	28.33%	21.01%	+7.32%
Volatility (1Y) Calculated over the trailing 1-year period	33.84%	29.49%	+4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.07%	24.07%	+10.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.86%	23.32%	+10.54%

Dividends

WASH vs. HRL - Dividend Comparison

WASH's dividend yield for the trailing twelve months is around 6.83%, more than HRL's 4.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HRL Hormel Foods Corporation	4.99%	4.89%	3.60%	3.43%	2.28%	2.01%	2.00%	1.86%	1.76%	1.87%	1.67%	1.26%
WASH Washington Trust Bancorp, Inc.	6.83%	7.58%	5.36%	6.92%	4.62%	3.73%	4.58%	3.72%	3.70%	2.89%	2.60%	3.44%

Financials

WASH vs. HRL - Profitability Comparison

The chart below illustrates the profitability comparison between Washington Trust Bancorp, Inc. and Hormel Foods Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WASH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Washington Trust Bancorp, Inc. reported a gross profit of 52.77M and revenue of 91.46M. Therefore, the gross margin over that period was 57.7%.

HRL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported a gross profit of 518.51M and revenue of 2.97B. Therefore, the gross margin over that period was 17.4%.

WASH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Washington Trust Bancorp, Inc. reported an operating income of 20.67M and revenue of 91.46M, resulting in an operating margin of 22.6%.

HRL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported an operating income of 217.11M and revenue of 2.97B, resulting in an operating margin of 7.3%.

WASH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Washington Trust Bancorp, Inc. reported a net income of 15.97M and revenue of 91.46M, resulting in a net margin of 17.5%.

HRL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hormel Foods Corporation reported a net income of 157.50M and revenue of 2.97B, resulting in a net margin of 5.3%.

Frequently Asked Questions

Can I hold both WASH and HRL in my portfolio?

WASH and HRL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WASH or HRL?

HRL has higher volatility (13.69%) compared to WASH (5.88%). In terms of maximum drawdown, WASH dropped -60.33% vs HRL's -58.46%.

Which has better risk-adjusted returns?

WASH currently has the higher Sharpe Ratio (0.86 vs -0.70), 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.