ZION vs. WAL
Compare and contrast key facts about Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
Performance
ZION vs. WAL - Performance Comparison
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ZION vs. WAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZION Zions Bancorporation, National Association | -0.86% | 11.58% | 28.19% | -6.29% | -20.02% | 49.11% | -13.17% | 31.00% | -18.25% | 19.29% |
WAL Western Alliance Bancorporation | -15.33% | 2.55% | 29.67% | 14.12% | -43.68% | 81.72% | 7.77% | 45.90% | -30.25% | 16.24% |
Fundamentals
ZION:
$8.48B
WAL:
$7.74B
ZION:
$6.11
WAL:
$8.84
ZION:
9.43
WAL:
8.01
ZION:
2.03
WAL:
1.47
ZION:
1.19
WAL:
1.05
ZION:
$4.18B
WAL:
$5.29B
ZION:
$2.43B
WAL:
$3.24B
ZION:
$920.96M
WAL:
$1.30B
Returns By Period
In the year-to-date period, ZION achieves a -0.86% return, which is significantly higher than WAL's -15.33% return. Over the past 10 years, ZION has outperformed WAL with an annualized return of 12.17%, while WAL has yielded a comparatively lower 9.14% annualized return.
ZION
- 1D
- 3.65%
- 1M
- 0.59%
- YTD
- -0.86%
- 6M
- 3.46%
- 1Y
- 19.43%
- 3Y*
- 29.38%
- 5Y*
- 4.30%
- 10Y*
- 12.17%
WAL
- 1D
- 4.24%
- 1M
- -11.79%
- YTD
- -15.33%
- 6M
- -17.49%
- 1Y
- -6.00%
- 3Y*
- 28.92%
- 5Y*
- -3.59%
- 10Y*
- 9.14%
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Return for Risk
ZION vs. WAL — Risk / Return Rank
ZION
WAL
ZION vs. WAL - Risk-Adjusted Trends 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.
| ZION | WAL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | -0.14 | +0.67 |
Sortino ratioReturn per unit of downside risk | 0.88 | 0.11 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.02 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.99 | -0.17 | +1.16 |
Martin ratioReturn relative to average drawdown | 2.52 | -0.45 | +2.97 |
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
| ZION | WAL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | -0.14 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | -0.06 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.18 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.10 | +0.14 |
Correlation
The correlation between ZION and WAL is 0.68, 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.
Dividends
ZION vs. WAL - Dividend Comparison
ZION's dividend yield for the trailing twelve months is around 3.09%, more than WAL's 2.26% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZION Zions Bancorporation, National Association | 3.09% | 3.01% | 3.06% | 3.74% | 3.21% | 2.28% | 3.13% | 2.47% | 2.55% | 0.87% | 0.65% | 0.81% |
WAL Western Alliance Bancorporation | 2.26% | 1.86% | 1.78% | 2.20% | 2.38% | 1.11% | 1.67% | 0.88% | 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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Drawdown Indicators
| ZION | WAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.20% | -92.14% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -20.66% | -30.26% | +9.60% |
Max Drawdown (5Y)Largest decline over 5 years | -72.23% | -84.79% | +12.56% |
Max Drawdown (10Y)Largest decline over 10 years | -72.23% | -84.79% | +12.56% |
Current DrawdownCurrent decline from peak | -11.11% | -36.37% | +25.26% |
Average DrawdownAverage peak-to-trough decline | -32.58% | -38.58% | +6.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.09% | 11.31% | -3.22% |
Volatility
ZION vs. WAL - Volatility Comparison
The current volatility for Zions Bancorporation, National Association (ZION) is 7.82%, while Western Alliance Bancorporation (WAL) has a volatility of 12.63%. 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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Volatility by Period
| ZION | WAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.82% | 12.63% | -4.81% |
Volatility (6M)Calculated over the trailing 6-month period | 25.96% | 30.69% | -4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.40% | 44.09% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.80% | 60.39% | -17.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.62% | 52.26% | -12.64% |
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 Apr 2026, Zions Bancorporation, National Association reported a gross profit of 0.00 and revenue of 491.00M. Therefore, the gross margin over that period was 0.0%.
WAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Western Alliance Bancorporation reported a gross profit of 882.30M and revenue of 1.41B. Therefore, the gross margin over that period was 62.7%.
ZION - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Zions Bancorporation, National Association reported an operating income of 0.00 and revenue of 491.00M, resulting in an operating margin of 0.0%.
WAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Western Alliance Bancorporation reported an operating income of 355.70M and revenue of 1.41B, resulting in an operating margin of 25.3%.
ZION - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Zions Bancorporation, National Association reported a net income of 263.00M and revenue of 491.00M, resulting in a net margin of 53.6%.
WAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Western Alliance Bancorporation reported a net income of 286.10M and revenue of 1.41B, resulting in a net margin of 20.3%.