Correlation
The correlation between ZION and WAL is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
ZION vs. WAL
Compare and contrast key facts about Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZION or WAL.
Performance
ZION vs. WAL - Performance Comparison
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Key characteristics
ZION:
0.41
WAL:
0.41
ZION:
0.84
WAL:
0.84
ZION:
1.11
WAL:
1.11
ZION:
0.38
WAL:
0.34
ZION:
1.12
WAL:
1.26
ZION:
13.42%
WAL:
13.37%
ZION:
38.99%
WAL:
45.84%
ZION:
-92.20%
WAL:
-92.14%
ZION:
-27.53%
WAL:
-35.90%
Fundamentals
ZION:
$7.04B
WAL:
$8.11B
ZION:
$5.12
WAL:
$7.36
ZION:
9.32
WAL:
9.98
ZION:
3.07
WAL:
1.84
ZION:
2.27
WAL:
2.66
ZION:
1.13
WAL:
1.22
ZION:
$4.97B
WAL:
$3.21B
ZION:
$3.10B
WAL:
$4.14B
ZION:
$1.17B
WAL:
$785.20M
Returns By Period
In the year-to-date period, ZION achieves a -11.25% return, which is significantly higher than WAL's -12.53% return. Over the past 10 years, ZION has underperformed WAL with an annualized return of 7.27%, while WAL has yielded a comparatively higher 9.92% annualized return.
ZION
-11.25%
6.24%
-20.44%
15.80%
-2.29%
11.32%
7.27%
WAL
-12.53%
4.37%
-21.94%
18.81%
-1.48%
16.05%
9.92%
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Risk-Adjusted Performance
ZION vs. WAL — Risk-Adjusted Performance Rank
ZION
WAL
ZION vs. WAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL). 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.
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Dividends
ZION vs. WAL - Dividend Comparison
ZION's dividend yield for the trailing twelve months is around 3.59%, more than WAL's 2.09% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZION Zions Bancorporation, National Association | 3.59% | 3.06% | 3.74% | 3.21% | 2.28% | 3.13% | 2.47% | 2.55% | 0.87% | 0.65% | 0.81% | 0.56% |
WAL Western Alliance Bancorporation | 2.09% | 1.78% | 2.20% | 2.38% | 1.11% | 1.67% | 0.88% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ZION vs. WAL - Drawdown Comparison
The maximum ZION drawdown since its inception was -92.20%, roughly equal to the maximum WAL drawdown of -92.14%. Use the drawdown chart below to compare losses from any high point for ZION and WAL.
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Volatility
ZION vs. WAL - Volatility Comparison
The current volatility for Zions Bancorporation, National Association (ZION) is 9.85%, while Western Alliance Bancorporation (WAL) has a volatility of 11.75%. This indicates that ZION experiences smaller price fluctuations and is considered to be less risky than WAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
ZION vs. WAL - Financials Comparison
This section allows you to compare key financial metrics between Zions Bancorporation, National Association and Western Alliance Bancorporation. 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
ZION vs. WAL - Profitability Comparison
ZION - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Zions Bancorporation, National Association reported a gross profit of 777.00M and revenue of 1.20B. Therefore, the gross margin over that period was 64.8%.
WAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Western Alliance Bancorporation reported a gross profit of 778.00M and revenue of 778.00M. Therefore, the gross margin over that period was 100.0%.
ZION - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Zions Bancorporation, National Association reported an operating income of 239.00M and revenue of 1.20B, resulting in an operating margin of 19.9%.
WAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Western Alliance Bancorporation reported an operating income of 229.40M and revenue of 778.00M, resulting in an operating margin of 29.5%.
ZION - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Zions Bancorporation, National Association reported a net income of 170.00M and revenue of 1.20B, resulting in a net margin of 14.2%.
WAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Western Alliance Bancorporation reported a net income of 199.10M and revenue of 778.00M, resulting in a net margin of 25.6%.