Relative Intelligence · Regional Banks
How Truist Financial (TFC) compares with the whole market and its popular alternatives
Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on TFC alone. It places TFC (Truist Financial Corporation) against 20+ popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where TFC stands in the market, and of the alternatives worth a closer look.
Period covered: TFC's full trading record, from October 1986 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.
Data as of October 20, 2026. Full tables and charts read best on a larger screen.
On this page12 sections
Key findings
- Right nowTFC has gone against the market, falling 5.0% over the past 6 months while the S&P 500 rose 9.1%. Not every peer went the same way. Over the past 6 months, USB (U.S. Bancorp) rose 5.5% and HBAN (Huntington Bancshares) fell 7.2%. Consistency ↓
- Stock or market?TFC's 6.3% fall over the past 3 months is part of a broader regional banks sell-off: the regional banks ETF KRE (State Street SPDR S&P Regional Banking ETF) fell 6.4%, with USB (U.S. Bancorp, down 5.5%) and PNC (PNC Financial Services Group, down 10.8%).
- Past 1 to 3 yearsOver the past year, TFC rose 13.6% against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. It took about 3 years for TFC to win back the 59.1% it lost from January 2022 to May 2023. the S&P 500 fell 11.1% over those same dates. By year ↓
- Long termTFC turned $10,000 into $18,300 over the past decade, against $42,100 in the S&P 500. Growth of $10,000 ↓
- In a crashAcross seven sell-offs, TFC has typically fallen 1.3 times as far as the S&P 500. The 2023 regional bank crisis took 26.3% off TFC, against 3.4% for the S&P 500. That was more than USB (U.S. Bancorp, 19.7%) but less than KEY (KeyCorp, 34.2%). Crash tests ↓
- DiversificationAgainst the S&P 500, TFC has a correlation of 0.52 over 5 years, more closely than 76% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. Over 10 years, TFC's beta versus the S&P 500 was 1.11: in the S&P 500's rising months it gained 86% as much as the index, and in falling months it lost 1.3 times as much. Market capture ↓
- Better options
- Popular alternatives
- JPM (JPMorgan Chase & Co.), PNC (PNC Financial Services Group) and USB (U.S. Bancorp) earned more than TFC with less volatility over the past 5 years. JPM returned 17.3% a year at 24.3% volatility, against a loss of 1.2% a year at 31.6%.
- Nearby categories and themes
- RY (Royal Bank of Canada, banks) and CME (CME Group, capital markets) earned more than TFC with less volatility over the past 5 years. RY returned 17.3% a year at 18.2% volatility, against a loss of 1.2% a year at 31.6%.
- Whole market
- 1,417 of the 3,633 stocks and funds worth at least $500 million earned more than TFC with less volatility over the past 5 years, among them AAPL (Apple), MSFT (Microsoft) and VTI (Vanguard Morningstar Total Stock Market ETF).
How much would $10,000 in TFC have grown?
This chart tracks a hypothetical $10,000 investment in TFC over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of TFC over the same span and TFC's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.
- $10,000 invested in TFC at the end of September 1997 would have grown to $49,043 by September 2026, less than the $132,907 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of TFC, and JPM finished highest, at $189,407.
Choose a period
From the end of September 1997 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 752 of the 1,042 stocks and funds worth at least $500 million that traded the whole period ended ahead of TFC; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- JPM$189,407+1,794% total · +10.7% a year
- COF$178,099+1,681% total · +10.4% a year
- WTFC$135,844+1,258% total · +9.4% a year
- SPY (S&P 500)$132,907+1,229% total · +9.3% a year
- PNC$110,665+1,007% total · +8.6% a year
- USB$96,109+861% total · +8.1% a year
- TFC$49,043+390% total · +5.6% a year
- FITB$38,728+287% total · +4.8% a year
- RF$33,351+234% total · +4.2% a year
- ZION$28,899+189% total · +3.7% a year
From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 2,514 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of TFC; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.
- JPM$22,905+129% total · +18.0% a year
- SPY (S&P 500)$19,000+90.0% total · +13.7% a year
- EWBC$18,185+81.8% total · +12.7% a year
- MTB$17,052+70.5% total · +11.3% a year
- RF$15,520+55.2% total · +9.2% a year
- FITB$14,402+44.0% total · +7.6% a year
- PNC$13,649+36.5% total · +6.4% a year
- USB$12,101+21.0% total · +3.9% a year
- CBSH$11,000+10.0% total · +1.9% a year
- TFC$10,046+0.5% total · +0.1% a year
TFC at a glance
This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.
- TFC's deepest decline since it began trading in 1986 was 66.6%, from September 2008 to March 2009. It took about four years from the low to climb back to its old high.
- Over 29 full calendar years, TFC's best was 1997, when it returned 81.3%, and its worst was 1999, when it lost 30.6%. It lost money in 11 of those years.
- TFC is 12.6% below its all-time high.
The company
- Market value
- $58B
- Industry
- Banks - Regional
- Price history from
- October 1986
Returns
- Past 1 year
- +13.6%total return
- Past 3 years
- +102%+26.4% a year
- Past 5 years
- −5.7%−1.2% a year
- Past 10 years
- +82.7%+6.2% a year
- Best calendar year
- +81.3%1997
- Worst calendar year
- −30.6%1999
- Losing years
- 11 of 29full calendar years
Risk
- Volatility
- 31.6%typical yearly swing, 5 years
- Sharpe ratio
- 0.12return per unit of risk, 5 years
- Worst decline ever
- −66.6%Sep 2008 to Mar 2009
- From its all-time high
- −12.6%below the peak
TFC against the whole market
Where TFC ranks among every stock and fund, and what across the market has done better.
How does TFC rank among all stocks?
This section ranks TFC on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how TFC stacks up against its peers, these rankings show where it stands in the market as a whole.
- TFC lands in the broad middle of the market on every measure here. TFC's 3-year return ranks in the top 30% of the 3,017 stocks worth at least $300 million with 3 years of history.
Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.
| Measure | TFC | Rank | Standing |
|---|---|---|---|
| 1-year return | +13.6% | 1,459 of 3,287 | top 44% |
| 3-year return | +102% | 901 of 3,017 | top 30% |
| 5-year return | −5.7% | 1,799 of 2,893 | bottom 39% |
| 10-year return | +82.7% | 1,406 of 2,202 | bottom 37% |
| Volatility, 5 years | 31.6% | 880 of 2,893 | top 30% |
| Sharpe ratio, 5 years | 0.12 | 2,055 of 2,893 | bottom 30% |
| Worst decline, past 10 years | −59.1% | 847 of 2,187 | top 39% |
What has beaten TFC on both return and risk?
Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). TFC sits where the dashed lines cross. Anything in the green box above and to the left earned more than TFC with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.
- 537 stocks and 880 ETFs worth at least $500 million sit in the green region: each earned more than TFC over the past 5 years with smaller price swings. That is 39% of the 3,633 screened.
- Among those with at least half TFC's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 22% less than TFC's 31.6%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.12 for TFC.
- Among TFC's popular alternatives, JPM, WFC and FNB are in the region. JPM earned 17.3% a year against a loss of 1.2% a year for TFC, at 24.3% volatility, 23% less than TFC's 31.6%.
Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to TFC; faint dots are 88 more of the 1,417 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.
- Popular alternatives
- Same and neighboring categories, and shared themes
- The whole market
- Others in the green region
Is there a better investment than TFC?
Investments that beat TFC over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.
- Among TFC's popular alternatives, JPM, PNC and USB earned more than TFC with less volatility over the past 5 years. JPM returned 17.3% a year at 24.3% volatility, against a loss of 1.2% a year at 31.6%.
- Looking beyond its popular alternatives, RY (banks) and CME (capital markets) earned more than TFC with less volatility over the past 5 years. RY returned 17.3% a year at 18.2% volatility, against a loss of 1.2% a year at 31.6%.
- Across the whole market, 1,417 of the 3,633 stocks and funds worth at least $500 million earned more than TFC with less volatility over the past 5 years, among them AAPL, MSFT and VTI.
How this works
The table below lists investments that beat TFC over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks TFC's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than TFC follows the table.
Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than TFC's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× TFC's volatility counts as better.
These figures cover the past 5 years. Green marks a better figure than TFC's.
| Investment | Why it is better | Past 5 years | Downside | Long run | Fit | ||||
|---|---|---|---|---|---|---|---|---|---|
| Annual return?higher is better | Volatility?lower is calmer | Sharpe?return per unit of risk | Worst decline?past 10 years | 10Y returntotal | Corr. with TFC?lower diversifies more | Expenseper year | |||
| TFCTruist Financial Corporation · this page | −1.2% | 31.6% | 0.12 | −59.1% | +82.7% | 1.00 | — | ||
 SPYState Street SPDR S&P 500 ETF · S&P 500 | +12.7% | 17.1% | 0.79 | −33.7% | +321% | 0.52 | 0.09% | ||
| Popular alternativesbest 6 shownThe investments people most often weigh against TFC. 21 of 23 passed at least one test. | |||||||||
 JPMJPMorgan Chase & Co. · Banks | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.68 | — | |
 PNCThe PNC Financial Services Group, Inc. · Regional Banks | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +4.6% | 26.8% | 0.30 | −49.6% | +230% | 0.88 | — | |
 USBU.S. Bancorp · Regional Banks | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +3.3% | 29.6% | 0.26 | −52.1% | +94.6% | 0.87 | — | |
MTBM&T Bank Corporation · Regional Banks | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods | +9.8% | 29.7% | 0.46 | −53.0% | +143% | 0.77 | — | |
CBSHCommerce Bancshares, Inc. · Regional Banks | Higher return, lower volatilityHigher return in most periodsSmaller losses in recent crashes | +1.4% | 23.9% | 0.18 | −38.1% | +119% | 0.71 | — | |
 FITBFifth Third Bancorp · Regional Banks | Higher return, similar volatilityHigher return in most periods | +6.8% | 31.4% | 0.37 | −64.0% | +255% | 0.89 | — | |
| Same and neighboring categories, and shared themesbest 6 shownEverything else in Regional Banks and Banks and the categories next to it (Investment Banking & Brokerage, Payment Processing, Capital Markets, Asset Management), plus TFC's specific themes. 83 of 119 passed at least one test. | |||||||||
 RYRoyal Bank of Canada · Banks | On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.68 | — | |
 CMECME Group Inc. · Capital Markets | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +11.2% | 20.8% | 0.62 | −37.4% | +319% | 0.08 | — | |
CBOECboe Global Markets, Inc. · Capital Markets | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +21.5% | 25.1% | 0.91 | −43.2% | +463% | 0.08 | — | |
 ICEIntercontinental Exchange, Inc. · Capital Markets | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +5.4% | 21.8% | 0.35 | −34.3% | +240% | 0.41 | — | |
 NDAQNasdaq, Inc. · Capital Markets | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +8.9% | 24.7% | 0.47 | −38.3% | +407% | 0.52 | — | |
FULTFulton Financial Corporation · Regional Banks | Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +10.2% | 30.3% | 0.47 | −49.4% | +124% | 0.79 | — | |
| The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,978 of 3,491 passed at least one test. | |||||||||
 MSFTMicrosoft Corporation · Software | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +12.5% | 28.2% | 0.56 | −37.1% | +946% | 0.11 | — | |
 BRK-BBerkshire Hathaway Inc. · Insurance | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.31 | — | |
 JNJJohnson & Johnson · Pharmaceuticals | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +12.7% | 17.9% | 0.76 | −27.4% | +196% | 0.14 | — | |
 KOThe Coca-Cola Company · Food & Beverages | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.18 | — | |
 VXUSVanguard Total International Stock ETF · International Equity | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +8.2% | 16.4% | 0.57 | −36.0% | +140% | 0.51 | 0.05% | |
 MRKMerck & Co., Inc. · Pharmaceuticals | Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +16.3% | 24.8% | 0.74 | −43.4% | +241% | 0.03 | — | |
 LLYEli Lilly and Company · Pharmaceuticals | Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes | +40.7% | 32.8% | 1.21 | −34.5% | +1,807% | -0.15 | — | |
MOOVanEck Agribusiness ETF · Broad Market | Similar return, lower volatilityHigher return in most periodsSmaller losses in recent crashes | −0.8% | 17.2% | 0.04 | −39.5% | +98.8% | 0.48 | 0.56% | |
What these numbers mean for TFC
- Annual return
- TFC lost 1.2% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $9,430. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
- Volatility
- TFC's volatility over the past 5 years was 31.6%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TFC's return lands within 31.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
- Sharpe ratio
- TFC's Sharpe ratio over the past 5 years was 0.12, against 0.79 for the S&P 500, so TFC earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
- Worst decline
- TFC's worst fall from a peak to a low over the past 10 years was 59.1%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 59.1% fall takes a 145% gain. Guide: Market crash risk and tail risk →
- Correlation
- Over the past 5 years, TFC's monthly returns had a correlation of 0.52 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TFC instead: the lower it is, the more that option would diversify a TFC holding. Guide: Correlation and diversification →
Show all 1,417 stocks and funds worth at least $500 million that earned more than TFC with less volatility
Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.
| # | Investment | Found in | Annual return | Volatility | Sharpe | Worst decline | 10Y return | Corr. with TFC | Expense |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MSFTMicrosoft Corporation · Software | Whole market | +12.5% | 28.2% | 0.56 | −37.1% | +946% | 0.11 | — |
| 2 | BRK-BBerkshire Hathaway Inc. · Insurance | Whole market | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.31 | — |
| 3 | RYRoyal Bank of Canada · Banks | Same or nearby category | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.68 | — |
| 4 | JNJJohnson & Johnson · Pharmaceuticals | Whole market | +12.7% | 17.9% | 0.76 | −27.4% | +196% | 0.14 | — |
| 5 | KOThe Coca-Cola Company · Food & Beverages | Whole market | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.18 | — |
| 6 | VXUSVanguard Total International Stock ETF · International Equity | Whole market | +8.2% | 16.4% | 0.57 | −36.0% | +140% | 0.51 | 0.05% |
| 7 | MRKMerck & Co., Inc. · Pharmaceuticals | Whole market | +16.3% | 24.8% | 0.74 | −43.4% | +241% | 0.03 | — |
| 8 |  VTVVanguard Morningstar Value ETF · US Large-Cap Value | Whole market | +12.1% | 13.7% | 0.90 | −36.8% | +235% | 0.62 | 0.03% |
| 9 |  AMGNAmgen Inc. · Biotechnology | Whole market | +19.6% | 24.9% | 0.85 | −24.9% | +266% | 0.19 | — |
| 10 |  VEAVanguard FTSE Developed Markets ETF · Developed International Equity | Whole market | +9.3% | 16.9% | 0.61 | −35.8% | +153% | 0.51 | 0.03% |
| 11 |  PGThe Procter & Gamble Company · Household & Personal Products | Whole market | +5.1% | 18.3% | 0.37 | −23.8% | +145% | 0.03 | — |
| 12 |  LINLinde plc · Chemicals | Whole market | +11.5% | 20.9% | 0.63 | −32.6% | +394% | 0.25 | — |
| 13 |  CBChubb Limited · Property & Casualty Insurance | Whole market | +15.7% | 20.4% | 0.82 | −42.6% | +248% | 0.38 | — |
| 14 |  VIGVanguard Dividend Appreciation ETF · US Dividend Equity | Whole market | +10.4% | 14.1% | 0.78 | −31.7% | +258% | 0.55 | 0.04% |
| 15 |  TRVThe Travelers Companies, Inc. · Property & Casualty Insurance | Whole market | +22.4% | 22.3% | 1.02 | −46.3% | +347% | 0.44 | — |
| 16 |  TMOThermo Fisher Scientific Inc. · Life Sciences Tools | Whole market | +2.9% | 27.8% | 0.24 | −40.9% | +366% | 0.30 | — |
| 17 |  SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity | Whole market | +9.7% | 14.3% | 0.72 | −33.4% | +252% | 0.59 | 0.06% |
| 18 |  VTVanguard Total World Stock ETF · Global Equity | Whole market | +10.3% | 16.2% | 0.69 | −34.2% | +223% | 0.56 | 0.06% |
| 19 |  SOThe Southern Company · Electric Utilities | Whole market | +11.3% | 18.8% | 0.67 | −38.4% | +170% | 0.04 | — |
| 20 |  IEMGiShares Core MSCI Emerging Markets ETF · Emerging Markets Equity | Whole market | +6.8% | 19.4% | 0.44 | −38.7% | +122% | 0.41 | 0.09% |
| 21 |  RSGRepublic Services, Inc. · Environmental Services | Whole market | +13.9% | 18.5% | 0.80 | −34.0% | +446% | 0.12 | — |
| 22 |  ULUnilever PLC · Household & Personal Products | Whole market | +5.5% | 21.5% | 0.36 | −30.1% | +89.8% | 0.28 | — |
| 23 |  ORLYO'Reilly Automotive, Inc. · Specialty Retail | Whole market | +15.9% | 23.4% | 0.75 | −42.0% | +393% | 0.22 | — |
| 24 |  MSIMotorola Solutions, Inc. · Communications Equipment | Whole market | +14.8% | 23.6% | 0.71 | −32.8% | +625% | 0.24 | — |
| 25 |  WMWaste Management, Inc. · Environmental Services | Whole market | +9.3% | 19.2% | 0.56 | −30.1% | +344% | 0.09 | — |
| 26 |  CCEPCoca-Cola Europacific Partners PLC · Food & Beverages | Whole market | +19.7% | 23.2% | 0.90 | −48.8% | +292% | 0.18 | — |
| 27 |  DUKDuke Energy Corporation · Electric Utilities | Whole market | +7.5% | 18.0% | 0.50 | −37.4% | +132% | 0.30 | — |
| 28 |  AEPAmerican Electric Power Company, Inc. · Electric Utilities | Whole market | +12.4% | 20.2% | 0.68 | −32.9% | +185% | 0.24 | — |
| 29 |  FASTFastenal Company · Industrial Distribution | Whole market | +15.8% | 24.6% | 0.72 | −30.7% | +576% | 0.27 | — |
| 30 |  TRPTC Energy Corporation · Oil & Gas Midstream | Whole market | +10.8% | 21.9% | 0.58 | −41.6% | +160% | 0.43 | — |
| 31 |  AJGArthur J. Gallagher & Co. · Insurance | Whole market | +10.9% | 24.2% | 0.55 | −44.4% | +516% | 0.22 | — |
| 32 |  MRSHMarsh & McLennan Companies, Inc. · Insurance | Whole market | +4.4% | 20.9% | 0.31 | −35.8% | +245% | 0.27 | — |
| 33 |  CAHCardinal Health, Inc. · Health Care Distribution | Whole market | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.11 | — |
| 34 | ACGLArch Capital Group Ltd. · Property & Casualty Insurance | Whole market | +20.1% | 24.5% | 0.87 | −53.8% | +309% | 0.13 | — |
| 35 |  ELVElevance Health Inc. · Managed Health Care | Whole market | +2.2% | 29.4% | 0.23 | −50.4% | +307% | 0.22 | — |
| 36 |  MDLZMondelez International, Inc. · Packaged Foods | Whole market | +4.0% | 20.2% | 0.29 | −29.8% | +93.4% | 0.08 | — |
| 37 |  RELXRELX Plc · Business Services | Whole market | +7.0% | 24.1% | 0.40 | −49.9% | +167% | 0.22 | — |
| 38 |  EDConsolidated Edison, Inc. · Electric Utilities | Whole market | +12.0% | 18.8% | 0.70 | −30.9% | +114% | 0.15 | — |
| 39 |  XLVState Street Health Care Select Sector SPDR ETF · Health Care Equity | Whole market | +8.4% | 15.3% | 0.60 | −28.4% | +202% | 0.32 | 0.08% |
| 40 |  AAPLApple Inc. · Computer Hardware | Whole market | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.19 | — |
| 41 | WRBW. R. Berkley Corporation · Property & Casualty Insurance | Whole market | +18.9% | 22.9% | 0.87 | −45.3% | +443% | 0.25 | — |
| 42 | FNDFSchwab Fundamental International Large Company Index ETF · International Equity | Whole market | +13.6% | 16.3% | 0.87 | −40.2% | +194% | 0.51 | 0.25% |
| 43 | CHTChunghwa Telecom Co., Ltd. · Integrated Telecommunications | Whole market | +7.7% | 13.3% | 0.63 | −23.8% | +101% | 0.18 | — |
| 44 |  APDAir Products and Chemicals, Inc. · Chemicals | Whole market | +3.2% | 26.4% | 0.25 | −31.8% | +188% | 0.38 | — |
| 45 |  XELXcel Energy Inc. · Electric Utilities | Whole market | +6.5% | 20.9% | 0.41 | −34.4% | +156% | 0.21 | — |
| 46 |  PSAPublic Storage · Self-Storage REITs | Whole market | +3.2% | 24.1% | 0.25 | −37.9% | +107% | 0.37 | — |
| 47 | LLoews Corporation · Property & Casualty Insurance | Whole market | +14.3% | 19.2% | 0.80 | −48.5% | +180% | 0.53 | — |
| 48 |  WCNWaste Connections, Inc. · Environmental Services | Whole market | +6.1% | 20.0% | 0.40 | −31.6% | +270% | 0.26 | — |
| 49 | HDViShares Core High Dividend ETF · US Dividend Equity | Whole market | +12.9% | 13.0% | 1.00 | −37.0% | +172% | 0.47 | 0.08% |
| 50 | WECWEC Energy Group, Inc. · Electric Utilities | Whole market | +7.2% | 19.0% | 0.46 | −32.3% | +159% | 0.22 | — |
| 51 | FTSFortis Inc. · Electric Utilities | Whole market | +8.4% | 16.4% | 0.58 | −34.3% | +154% | 0.19 | — |
| 52 | USMViShares MSCI USA Min Vol Factor ETF · US Low-Volatility Equity | Whole market | +7.6% | 12.3% | 0.66 | −33.1% | +176% | 0.42 | 0.15% |
| 53 |  KDPKeurig Dr Pepper Inc. · Food & Beverages | Whole market | +2.5% | 22.1% | 0.23 | −36.9% | +281% | 0.24 | — |
| 54 | AEEAmeren Corporation · Electric Utilities | Whole market | +7.9% | 19.4% | 0.49 | −29.1% | +192% | 0.23 | — |
| 55 | EXPDExpeditors International of Washington, Inc. · Freight & Logistics | Whole market | +12.0% | 27.1% | 0.56 | −35.6% | +349% | 0.34 | — |
| 56 | EWJiShares MSCI Japan ETF · International Equity | Whole market | +9.2% | 18.8% | 0.57 | −33.1% | +132% | 0.41 | 0.49% |
| 57 | WTWWillis Towers Watson Public Limited Company · Insurance | Whole market | +6.9% | 23.9% | 0.40 | −32.9% | +187% | 0.26 | — |
| 58 | SDYState Street SPDR S&P Dividend ETF · US Dividend Equity | Whole market | +7.6% | 14.0% | 0.59 | −36.7% | +157% | 0.60 | 0.35% |
| 59 | RNRRenaissanceRe Holdings Ltd. · Insurance | Whole market | +20.1% | 27.8% | 0.80 | −40.7% | +215% | 0.14 | — |
| 60 |  VTIVanguard Morningstar Total Stock Market ETF · US Total Market | Whole market | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.55 | 0.03% |
| 61 | EVRGEvergy, Inc. · Electric Utilities | Whole market | +9.5% | 18.9% | 0.57 | −38.8% | +109% | 0.23 | — |
| 62 | CHDChurch & Dwight Co., Inc. · Household & Personal Products | Whole market | +6.1% | 21.1% | 0.39 | −31.7% | +154% | 0.14 | — |
| 63 | DBEFXtrackers MSCI EAFE Hedged Equity ETF · International Equity | Whole market | +13.1% | 13.8% | 0.96 | −32.5% | +206% | 0.48 | 0.35% |
| 64 |  VOOVanguard S&P 500 ETF · US Large-Cap Equity | Whole market | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.52 | 0.03% |
| 65 | IOOiShares Global 100 ETF · Global Equity | Whole market | +15.7% | 17.2% | 0.94 | −31.4% | +361% | 0.44 | 0.40% |
| 66 | PNWPinnacle West Capital Corporation · Electric Utilities | Whole market | +13.4% | 19.9% | 0.73 | −39.3% | +103% | 0.20 | — |
| 67 | FDLFirst Trust Morningstar Dividend Leaders Index Fund · US Dividend Equity | Whole market | +13.9% | 14.4% | 0.98 | −41.4% | +199% | 0.57 | 0.43% |
| 68 | XLPState Street Consumer Staples Select Sector SPDR ETF · Consumer Staples | Whole market | +7.2% | 13.8% | 0.57 | −24.5% | +121% | 0.28 | 0.08% |
| 69 | SPEMState Street SPDR Portfolio Emerging Markets ETF · Emerging Markets Equity | Whole market | +5.9% | 17.3% | 0.42 | −36.1% | +114% | 0.44 | 0.07% |
| 70 | EGEverest Group, Ltd. · Insurance | Whole market | +9.4% | 25.7% | 0.48 | −44.2% | +155% | 0.30 | — |
| 71 | IGFiShares Global Infrastructure ETF · Infrastructure Equity | Whole market | +9.0% | 13.9% | 0.69 | −42.1% | +113% | 0.47 | 0.37% |
| 72 | NEUNewMarket Corporation · Specialty Chemicals | Whole market | +21.0% | 26.8% | 0.85 | −40.7% | +165% | 0.16 | — |
| 73 | OGEOGE Energy Corp. · Electric Utilities | Whole market | +11.5% | 18.8% | 0.68 | −48.9% | +134% | 0.28 | — |
| 74 | MOATVanEck Morningstar Wide Moat ETF · US Large-Cap Equity | Whole market | +9.1% | 18.4% | 0.57 | −33.3% | +276% | 0.58 | 0.46% |
| 75 | CMECME Group Inc. · Capital Markets | Same or nearby category | +11.2% | 20.8% | 0.62 | −37.4% | +319% | 0.08 | — |
| 76 | THGThe Hanover Insurance Group, Inc. · Property & Casualty Insurance | Whole market | +14.4% | 22.9% | 0.70 | −40.1% | +291% | 0.37 | — |
| 77 | CBOECboe Global Markets, Inc. · Capital Markets | Same or nearby category | +21.5% | 25.1% | 0.91 | −43.2% | +463% | 0.08 | — |
| 78 | NHCNational HealthCare Corporation · Medical - Care Facilities | Whole market | +32.0% | 28.5% | 1.12 | −35.3% | +394% | 0.34 | — |
| 79 | QYLDGlobal X - Nasdaq 100 Covered Call ETF · Equity Income | Whole market | +8.4% | 15.0% | 0.62 | −24.7% | +156% | 0.33 | 0.60% |
| 80 |  ABBVAbbVie Inc. · Pharmaceuticals | Whole market | +26.1% | 23.4% | 1.11 | −45.1% | +603% | 0.16 | — |
| 81 | ALLEAllegion plc · Building Products | Whole market | +4.3% | 26.7% | 0.29 | −43.2% | +164% | 0.44 | — |
| 82 | MSMMSC Industrial Direct Co., Inc. · Industrial Distribution | Whole market | +13.3% | 25.1% | 0.63 | −48.2% | +184% | 0.39 | — |
| 83 | IDAIDACORP, Inc. · Electric Utilities | Whole market | +8.8% | 19.2% | 0.54 | −34.3% | +141% | 0.27 | — |
| 84 | FTCSFirst Trust Capital Strength ETF · US Quality Equity | Whole market | +6.2% | 13.2% | 0.52 | −31.9% | +188% | 0.49 | 0.53% |
| 85 | WTMWhite Mountains Insurance Group, Ltd. · Insurance | Whole market | +15.4% | 23.6% | 0.73 | −40.2% | +169% | 0.30 | — |
| 86 | ICEIntercontinental Exchange, Inc. · Capital Markets | Same or nearby category | +5.4% | 21.8% | 0.35 | −34.3% | +240% | 0.41 | — |
| 87 | TDIVFirst Trust NASDAQ Technology Dividend Index Fund · Technology Equity | Whole market | +16.2% | 21.3% | 0.81 | −32.0% | +388% | 0.38 | 0.50% |
| 88 | SPLVInvesco S&P 500 Low Volatility ETF · US Low-Volatility Equity | Whole market | +5.5% | 12.6% | 0.49 | −36.3% | +129% | 0.41 | 0.25% |
| 89 | NDAQNasdaq, Inc. · Capital Markets | Same or nearby category | +8.9% | 24.7% | 0.47 | −38.3% | +407% | 0.52 | — |
| 90 | IWXiShares Russell Top 200 Value ETF · Broad Market | Whole market | +12.7% | 13.8% | 0.94 | −35.8% | +221% | 0.63 | 0.20% |
| 91 | TXNMTXNM Energy, Inc. · Electric Utilities | Whole market | +7.2% | 14.9% | 0.54 | −46.4% | +150% | 0.23 | — |
| 92 | TTCThe Toro Company · Industrial Machinery | Whole market | +2.6% | 28.9% | 0.23 | −43.1% | +155% | 0.38 | — |
| 93 | FTGCFirst Trust Global Tactical Commodity Strategy Fund · Alternatives | Whole market | +12.9% | 15.6% | 0.86 | −35.9% | +139% | 0.10 | 0.98% |
| 94 | DXJWisdomTree Japan Hedged Equity Fund · International Equity | Whole market | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.15 | 0.48% |
| 95 | LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity | Whole market | +17.0% | 11.1% | 1.48 | −32.4% | +194% | 0.47 | 0.40% |
| 96 | FTLSFirst Trust Long/Short Equity ETF · Broad Market | Whole market | +10.2% | 10.4% | 0.99 | −20.6% | +158% | 0.43 | 0.95% |
| 97 | EWUiShares MSCI United Kingdom ETF · International | Whole market | +11.4% | 16.4% | 0.74 | −43.3% | +130% | 0.55 | 0.50% |
| 98 | PTLCPacer Trendpilot US Large Cap ETF · Broad Market | Whole market | +9.5% | 11.8% | 0.83 | −26.6% | +188% | 0.39 | 0.60% |
| 99 |  COSTCostco Wholesale Corporation · Discount Retail | Whole market | +17.4% | 22.9% | 0.82 | −31.4% | +685% | 0.32 | — |
| 100 | RLIRLI Corp. · Property & Casualty Insurance | Whole market | +8.1% | 23.9% | 0.45 | −43.5% | +206% | 0.13 | — |
TFC against its popular alternatives
The investments people most often weigh against TFC, compared period by period and year by year.
How do TFC's risk and return compare with its alternatives?
This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at TFC, which divides the map into what did better or worse on each measure.
- 15 of the 23 popular alternatives, led by JPM, WFC and WTFC, were both more rewarding and calmer than TFC over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, TFC returned -1.2% a year, less than the S&P 500's 12.7%, with higher volatility (31.6% against 17.1%).
Green points earned more than TFC with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.
All figures
| Investment | Annual return | Volatility |
|---|---|---|
| JPM JPMorgan Chase & Co. | +17.3% | 24.3% |
| WFC Wells Fargo & Company | +13.1% | 29.5% |
| SPY S&P 500State Street SPDR S&P 500 ETF | +12.7% | 17.1% |
| WTFC Wintrust Financial Corporation | +11.6% | 31.1% |
| FNB F.N.B. Corporation | +11.4% | 28.7% |
| EWBC East West Bancorp, Inc. | +11.2% | 35.5% |
| MTB M&T Bank Corporation | +9.8% | 29.7% |
| FHN First Horizon Corporation | +9.6% | 36.6% |
| UBSI United Bankshares, Inc. | +9.4% | 28.2% |
| CFG Citizens Financial Group, Inc. | +9.2% | 33.6% |
| RF Regions Financial Corporation | +7.8% | 30.9% |
| BOKF BOK Financial Corporation | +7.3% | 27.4% |
| CFR Cullen/Frost Bankers, Inc. | +6.9% | 29.7% |
| FITB Fifth Third Bancorp | +6.8% | 31.4% |
| COF Capital One Financial Corporation | +4.9% | 35.2% |
| PNC The PNC Financial Services Group, Inc. | +4.6% | 26.8% |
| BAC Bank of America Corporation | +4.0% | 26.6% |
| SCHW The Charles Schwab Corporation | +3.6% | 31.9% |
| ZION Zions Bancorporation, National Association | +3.4% | 42.1% |
| USB U.S. Bancorp | +3.3% | 29.6% |
| HBAN Huntington Bancshares Incorporated | +3.0% | 31.2% |
| KEY KeyCorp | +2.3% | 37.6% |
| CBSH Commerce Bancshares, Inc. | +1.4% | 23.9% |
| TFC This pageTruist Financial Corporation | −1.2% | 31.6% |
| WAL Western Alliance Bancorporation | −6.8% | 59.9% |
Has TFC consistently beaten its popular alternatives?
This section compares TFC with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than TFC helps separate lasting outperformance from a single strong stretch.
- 16 of the 23 popular alternatives, led by EWBC, USB and RF, outperformed TFC in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- EWBC, USB and RF outperformed TFC in every long-term period and in all but one short-term period, the most consistent record in the group.
- JPM, MTB and UBSI earned more for the risk they took than TFC (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.
A green cell means the alternative earned more than TFC over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.
| Investment | Periods outperformed | Short term | Long term | Risk · 5 years | Fund | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Volatilitylower is calmer | Sharpehigher is better | Worst declinepast 10 years | Expense | Assets | Overlapsame sectors | ||
| TFC Truist Financial Corporation (this page) | — | −3.4% | −6.3% | −5.0% | −1.9% | +13.6% | +102% | −5.7% | +82.7% | 31.6% | 0.12 | −59.1% | — | $58B | — |
| EWBC QualifiedEast West Bancorp, Inc. | 5/5 short3/3 longAll-weather | +0.4% | −3.6% | +9.1% | +13.7% | +33.8% | +170% | +70.1% | +304% | 35.5% | 0.48 | −67.7% | — | $18B | — |
| USB QualifiedU.S. Bancorp | 5/5 short3/3 longAll-weather | −1.3% | −5.5% | +5.5% | +12.7% | +30.3% | +117% | +17.6% | +94.6% | 29.6% | 0.26 | −52.1% | — | $92B | — |
| RF QualifiedRegions Financial Corporation | 4/5 short3/3 longAll-weather | −2.5% | −9.6% | +0.3% | +4.0% | +20.5% | +120% | +45.7% | +278% | 30.9% | 0.40 | −60.8% | — | $24B | — |
| FITB QualifiedFifth Third Bancorp | 4/5 short3/3 longAll-weather | −0.9% | −7.9% | +4.4% | +12.5% | +29.6% | +151% | +38.9% | +255% | 31.4% | 0.37 | −64.0% | — | $48B | — |
| WTFC QualifiedWintrust Financial Corporation | 4/5 short3/3 longAll-weather | −0.5% | −10.3% | −1.0% | +3.6% | +17.3% | +107% | +73.1% | +212% | 31.1% | 0.51 | −74.5% | — | $9.9B | — |
| ZION QualifiedZions Bancorporation, National Association | 4/5 short3/3 longAll-weather | −0.6% | −9.6% | +3.9% | +11.4% | +28.1% | +139% | +17.9% | +167% | 42.1% | 0.29 | −72.2% | — | $9.4B | — |
| KEY QualifiedKeyCorp | 4/5 short3/3 longAll-weather | −0.3% | −9.9% | −4.4% | +2.1% | +24.6% | +143% | +11.9% | +143% | 37.6% | 0.25 | −65.2% | — | $22B | — |
| JPM QualifiedJPMorgan Chase & Co. | 3/5 short3/3 long | −4.3% | −0.6% | +6.8% | +5.0% | +13.0% | +150% | +122% | +537% | 24.3% | 0.78 | −43.6% | — | $891B | — |
| CFG QualifiedCitizens Financial Group, Inc. | 3/5 short3/3 long | −4.7% | −9.6% | −1.0% | +10.4% | +31.5% | +205% | +55.0% | +266% | 33.6% | 0.43 | −65.6% | — | $27B | — |
| PNC QualifiedThe PNC Financial Services Group, Inc. | 3/5 short3/3 long | −4.4% | −10.8% | −1.0% | +7.9% | +25.3% | +120% | +25.1% | +230% | 26.8% | 0.30 | −49.6% | — | $88B | — |
| COF QualifiedCapital One Financial Corporation | 3/5 short3/3 long | −1.6% | −2.2% | −1.2% | −17.8% | −4.7% | +134% | +27.0% | +222% | 35.2% | 0.31 | −60.3% | — | $124B | — |
| MTB QualifiedM&T Bank Corporation | 3/5 short3/3 long | −3.8% | −11.9% | +0.7% | +9.2% | +23.4% | +111% | +59.3% | +143% | 29.7% | 0.46 | −53.0% | — | $32B | — |
| CFR QualifiedCullen/Frost Bankers, Inc. | 5/5 short2/3 long | −1.7% | −3.1% | +9.6% | +24.3% | +28.4% | +99.0% | +39.9% | +181% | 29.7% | 0.38 | −56.9% | — | $9.7B | — |
| FNB QualifiedF.N.B. Corporation | 5/5 short2/3 long | −1.4% | −5.2% | +0.5% | +4.9% | +17.3% | +81.9% | +71.6% | +101% | 28.7% | 0.52 | −61.4% | — | $6.2B | — |
| UBSI QualifiedUnited Bankshares, Inc. | 5/5 short2/3 long | +0.8% | +0.7% | +7.7% | +26.1% | +36.4% | +102% | +56.5% | +88.6% | 28.2% | 0.46 | −52.4% | — | $6.4B | — |
| CBSH QualifiedCommerce Bancshares, Inc. | 4/5 short2/3 long | −1.7% | −5.0% | +9.2% | +8.0% | +10.3% | +50.5% | +7.4% | +119% | 23.9% | 0.18 | −38.1% | — | $8.0B | — |
| WFC Banks - DiversifiedWells Fargo & Company | 2/5 short3/3 long | −5.0% | −4.3% | +1.4% | −12.3% | −2.4% | +119% | +85.0% | +141% | 29.5% | 0.57 | −64.5% | — | $248B | — |
| FHN Banks - RegionalFirst Horizon Corporation | 1/5 short3/3 long | −3.6% | −8.9% | −5.7% | −2.4% | +15.4% | +141% | +58.2% | +113% | 36.6% | 0.44 | −64.2% | — | $11B | — |
| BAC Banks - DiversifiedBank of America Corporation | 0/5 short3/3 long | −12.6% | −15.8% | −5.2% | −8.0% | −0.6% | +107% | +21.6% | +282% | 26.6% | 0.28 | −49.0% | — | $354B | — |
| BOKF Banks - RegionalBOK Financial Corporation | 2/5 short2/3 long | −5.0% | −9.6% | −6.9% | +8.1% | +17.3% | +85.5% | +42.1% | +128% | 27.4% | 0.40 | −65.0% | — | $7.7B | — |
| SCHW Financial - Capital MarketsThe Charles Schwab Corporation | 1/5 short2/3 long | −15.0% | −11.1% | −1.8% | −9.6% | −3.1% | +86.2% | +19.1% | +221% | 31.9% | 0.27 | −51.1% | — | $157B | — |
| HBAN Banks - RegionalHuntington Bancshares Incorporated | 0/5 short2/3 long | −3.1% | −13.1% | −7.2% | −8.5% | +1.9% | +82.4% | +16.1% | +132% | 31.2% | 0.25 | −55.0% | — | $31B | — |
| WAL Banks - RegionalWestern Alliance Bancorporation | 1/5 short1/3 long | −4.3% | −6.5% | −4.2% | −10.5% | +1.9% | +89.9% | −29.5% | +133% | 59.9% | 0.20 | −84.8% | — | $8.2B | — |
How did TFC do year by year?
This table shows each investment's total return in every full calendar year since 1997, along with where TFC ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with TFC and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.
- Among its popular alternatives, CFG came out ahead of TFC most often, in nine of the 11 years both traded.
- Ranked against its popular alternatives each year, TFC finished in the top quarter in three of 29 years and in the bottom quarter in seven. In 2025, it ranked 12 of 24.
- TFC finished ahead of the S&P 500 in ten of its 29 full calendar years.
Newest year first. Green marks a year in which the fund came out ahead of TFC; gray means the two finished within a fraction of a point. The rank row places TFC among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.
| Investment | Years ahead of TFC | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TFC This pageTruist Financial Corporation | — | +19.1% | +23.7% | −8.6% | −23.5% | +26.1% | −11.1% | +34.6% | −10.2% | +8.7% | +28.4% | −0.1% | +6.9% | +32.7% | +18.6% | −1.9% | +5.9% | −2.0% | −4.5% | −27.2% | +8.9% | +3.4% | +12.8% | +8.1% | +5.6% | −0.4% | +40.6% | −30.6% | +28.5% | +81.3% |
| Rank among alternatives | Top quarter in 3 of 29 | 12 of 24 | 20 of 24 | 17 of 24 | 21 of 24 | 20 of 24 | 12 of 24 | 9 of 24 | 5 of 24 | 19 of 24 | 16 of 24 | 16 of 24 | 16 of 23 | 17 of 23 | 15 of 23 | 8 of 23 | 19 of 23 | 13 of 23 | 6 of 23 | 12 of 23 | 17 of 23 | 8 of 22 | 13 of 22 | 21 of 22 | 13 of 22 | 12 of 22 | 5 of 22 | 20 of 21 | 7 of 21 | 7 of 21 |
| SPY S&P 500State Street SPDR S&P 500 ETF | 17 of 29 | +17.7% | +24.9% | +26.2% | −18.2% | +28.7% | +18.3% | +31.2% | −4.6% | +21.7% | +12.0% | +1.2% | +13.5% | +32.3% | +16.0% | +1.9% | +15.1% | +26.4% | −36.8% | +5.1% | +15.9% | +4.8% | +10.7% | +28.2% | −21.6% | −11.7% | −9.8% | +20.4% | +28.7% | +33.5% |
| EWBC East West Bancorp, Inc. | 18 of 26 | +20.3% | +36.8% | +12.8% | −14.4% | +58.0% | +7.2% | +14.4% | −27.4% | +21.4% | +25.1% | +9.5% | +13.0% | +66.4% | +10.8% | +1.8% | +24.1% | −0.6% | −32.5% | −30.9% | −2.5% | −12.5% | +57.4% | +50.2% | +41.3% | +4.0% | +120% | — | — | — |
| USB U.S. Bancorp | 11 of 29 | +16.4% | +15.6% | +4.8% | −19.1% | +24.3% | −17.9% | +33.6% | −12.4% | +6.6% | +23.4% | −2.8% | +13.8% | +29.6% | +20.9% | +2.3% | +20.7% | −9.0% | −16.6% | −8.0% | +26.3% | −0.5% | +10.6% | +45.3% | +5.3% | −6.8% | +13.2% | −30.5% | +64.5% | +90.1% |
| RF Regions Financial Corporation | 17 of 29 | +20.2% | +27.0% | −5.7% | +2.4% | +39.4% | −1.6% | +33.3% | −20.6% | +22.9% | +53.7% | −7.0% | +8.7% | +40.2% | +66.7% | −38.1% | +32.7% | −31.6% | −64.0% | −33.7% | +15.0% | 0.0% | +26.8% | +21.3% | +21.3% | +20.5% | +23.2% | −32.4% | +2.0% | +71.9% |
| FITB Fifth Third Bancorp | 17 of 29 | +14.8% | +27.2% | +10.4% | −21.9% | +62.4% | −5.4% | +35.2% | −20.3% | +15.1% | +37.9% | +1.3% | −0.8% | +41.9% | +22.5% | −11.3% | +51.2% | +18.9% | −65.6% | −35.5% | +13.0% | −17.3% | −17.9% | +3.0% | −3.0% | +4.1% | +23.8% | +4.3% | +32.4% | +97.8% |
| WTFC Wintrust Financial Corporation | 15 of 29 | +13.9% | +36.8% | +12.0% | −5.5% | +51.1% | −11.8% | +8.2% | −18.6% | +14.4% | +51.0% | +4.7% | +2.3% | +26.2% | +31.5% | −14.6% | +7.9% | +52.0% | −37.0% | −30.5% | −12.0% | −3.2% | +26.8% | +44.7% | +54.5% | +92.7% | +5.0% | −22.2% | +15.5% | +15.2% |
| ZION Zions Bancorporation, National Association | 14 of 29 | +11.6% | +28.2% | −6.3% | −20.0% | +49.1% | −13.2% | +31.0% | −18.2% | +19.3% | +59.3% | −3.5% | −4.4% | +40.6% | +31.7% | −32.7% | +89.2% | −47.3% | −45.4% | −42.0% | +11.2% | +13.3% | +13.3% | +59.0% | −24.0% | −14.5% | +7.7% | −4.0% | +38.9% | +77.6% |
| KEY KeyCorp | 14 of 29 | +26.2% | +25.4% | −11.6% | −21.6% | +45.9% | −14.5% | +42.7% | −24.6% | +12.7% | +42.1% | −3.2% | +5.5% | +62.4% | +12.0% | −11.6% | +60.4% | −34.0% | −61.6% | −35.5% | +19.9% | +0.9% | +20.1% | +22.1% | +8.1% | −8.8% | +33.9% | −28.4% | −7.1% | +44.5% |
| JPM JPMorgan Chase & Co. | 21 of 29 | +37.3% | +44.3% | +30.6% | −12.6% | +27.8% | −5.5% | +47.3% | −6.6% | +26.8% | +34.5% | +8.4% | +9.9% | +36.7% | +36.2% | −19.9% | +2.3% | +34.4% | −25.1% | −6.9% | +25.7% | +5.7% | +10.0% | +60.5% | −30.7% | −17.4% | −10.1% | +11.7% | +32.9% | +25.5% |
| CFG Citizens Financial Group, Inc. | 9 of 11 | +38.6% | +38.0% | −11.0% | −13.4% | +37.1% | −6.7% | +41.9% | −27.5% | +19.9% | +38.7% | +7.1% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| PNC The PNC Financial Services Group, Inc. | 18 of 29 | +12.2% | +29.4% | +2.7% | −18.6% | +38.2% | −2.8% | +40.9% | −17.0% | +26.0% | +25.8% | +6.8% | +20.3% | +36.4% | +3.6% | −3.1% | +15.8% | +10.2% | −22.2% | −8.3% | +23.6% | +11.7% | +8.9% | +36.2% | −22.5% | −20.7% | +70.4% | −15.0% | −2.2% | +56.7% |
| COF Capital One Financial Corporation | 17 of 29 | +37.6% | +38.3% | +44.3% | −34.6% | +49.3% | −2.7% | +38.6% | −22.8% | +16.3% | +23.8% | −10.9% | +9.4% | +34.2% | +37.5% | −0.1% | +11.6% | +24.1% | −30.3% | −38.4% | −11.0% | +2.7% | +37.6% | +107% | −44.8% | −17.8% | +36.9% | +26.0% | +113% | +51.5% |
| MTB M&T Bank Corporation | 15 of 29 | +10.4% | +41.7% | −1.7% | −2.9% | +24.3% | −22.2% | +21.6% | −14.6% | +10.8% | +32.2% | −1.3% | +10.4% | +21.3% | +33.2% | −9.1% | +34.8% | +23.1% | −27.0% | −31.5% | +14.2% | +2.8% | +11.6% | +25.6% | +10.4% | +8.6% | +66.3% | −19.4% | +12.5% | +62.8% |
| CFR Cullen/Frost Bankers, Inc. | 19 of 29 | −2.8% | +27.9% | −16.1% | +8.6% | +48.2% | −7.6% | +14.6% | −4.8% | +9.9% | +52.0% | −12.4% | −2.5% | +41.3% | +6.1% | −10.4% | +26.4% | +2.3% | +3.1% | −6.5% | +6.5% | +13.2% | +22.6% | +27.4% | +8.5% | −24.2% | +67.0% | −3.8% | −7.4% | +86.8% |
| FNB F.N.B. Corporation | 14 of 29 | +19.5% | +10.9% | +9.8% | +11.8% | +32.8% | −20.8% | +34.3% | −26.2% | −10.8% | +24.6% | +3.9% | +9.6% | +23.8% | −1.9% | +20.9% | +53.6% | −44.8% | −3.1% | −14.7% | +11.5% | −10.4% | +13.0% | +39.6% | +13.2% | +35.9% | +2.3% | −15.0% | −19.5% | +75.6% |
| UBSI United Bankshares, Inc. | 15 of 29 | +6.5% | +4.3% | −3.2% | +16.1% | +16.3% | −11.7% | +28.9% | −7.1% | −22.1% | +29.2% | +2.2% | +23.8% | +35.2% | −9.6% | +1.7% | +53.2% | −35.9% | +23.5% | −24.9% | +13.0% | −4.9% | +26.1% | +11.0% | +3.9% | +39.6% | −6.9% | −6.9% | +14.2% | +49.7% |
| CBSH Commerce Bancshares, Inc. | 15 of 29 | −10.1% | +24.7% | −16.0% | +5.7% | +11.5% | +3.4% | +29.0% | +7.7% | +3.3% | +45.9% | +5.3% | +4.1% | +37.9% | +4.5% | +3.8% | +11.2% | −4.1% | +6.2% | 0.0% | +0.1% | +11.8% | +10.0% | +34.4% | +7.9% | −6.8% | +35.0% | −14.5% | +0.3% | +57.2% |
| WFC Wells Fargo & Company | 18 of 29 | +35.6% | +46.5% | +22.9% | −11.9% | +61.1% | −41.6% | +21.4% | −21.8% | +13.2% | +4.7% | +1.8% | +24.1% | +36.7% | +27.3% | −9.6% | +15.7% | −6.3% | +1.7% | −12.1% | +16.9% | +4.5% | +9.0% | +29.5% | +10.3% | −20.2% | +40.5% | +3.3% | +5.1% | +81.9% |
| FHN First Horizon Corporation | 13 of 29 | +22.1% | +47.7% | −39.5% | +54.0% | +32.6% | −18.4% | +30.6% | −32.3% | +2.0% | +40.3% | +8.8% | +18.4% | +19.7% | +24.3% | −31.8% | −12.1% | +29.0% | −38.0% | −53.8% | +13.8% | −7.0% | +1.3% | +26.6% | +2.1% | +27.8% | +5.9% | −23.4% | +16.5% | +82.0% |
| BAC Bank of America Corporation | 18 of 29 | +28.0% | +33.9% | +4.9% | −23.8% | +49.6% | −11.6% | +46.1% | −15.0% | +35.7% | +33.4% | −4.8% | +15.7% | +34.5% | +109% | −58.1% | −11.2% | +7.6% | −63.1% | −18.9% | +20.8% | +2.4% | +21.5% | +20.1% | +14.6% | +42.7% | −4.5% | −14.0% | +1.2% | +27.3% |
| BOKF BOK Financial Corporation | 15 of 29 | +13.8% | +27.2% | −15.3% | +0.6% | +57.6% | −19.0% | +22.1% | −19.0% | +13.6% | +43.0% | +2.2% | −7.2% | +24.8% | +3.6% | +5.2% | +14.7% | +20.3% | −20.5% | −4.6% | +22.4% | −6.2% | +29.7% | +23.2% | +5.8% | +52.8% | +5.2% | −11.7% | +25.1% | +48.0% |
| SCHW The Charles Schwab Corporation | 17 of 29 | +36.6% | +9.2% | −16.0% | +0.1% | +60.2% | +13.6% | +16.4% | −18.4% | +31.1% | +21.0% | +9.9% | +17.2% | +83.3% | +29.8% | −33.1% | −7.8% | +18.1% | −36.1% | +40.0% | +32.8% | +23.5% | +1.7% | +9.5% | −29.5% | −45.4% | +11.4% | +36.3% | +102% | +97.6% |
| HBAN Huntington Bancshares Incorporated | 15 of 29 | +10.8% | +33.7% | −4.6% | −4.5% | +27.1% | −11.2% | +31.8% | −15.2% | +12.9% | +23.0% | +7.5% | +11.6% | +54.1% | +19.5% | −18.4% | +89.5% | −51.5% | −44.2% | −34.3% | +4.3% | −0.4% | +13.4% | +24.3% | +12.5% | +11.0% | −22.1% | −10.1% | −5.8% | +54.1% |
| WAL Western Alliance Bancorporation | 13 of 20 | +2.5% | +29.7% | +14.1% | −43.7% | +81.7% | +7.7% | +45.9% | −30.3% | +16.2% | +35.8% | +29.0% | +16.5% | +127% | +69.0% | −15.3% | +94.5% | −62.5% | −46.2% | −46.0% | +16.4% | — | — | — | — | — | — | — | — | — |
Risk and diversification
How TFC has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.
What were TFC's worst declines?
A drawdown is the decline from a peak to the lowest point before a new high. This section presents TFC's five deepest drawdowns since it began trading in 1986, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.
- In all four of TFC's worst declines, the S&P 500 held up better over the same dates.
- The slowest recovery came after TFC fell 66.6% from September 2008 to March 2009; it did not regain that peak until July 2013, four years later.
Green means TFC fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.
| During | TFC fell | S&P 500, same dates | Peak | Low | Time to the low | Back at the peak | Time to recover |
|---|---|---|---|---|---|---|---|
| 2008 financial crisis | −66.6% | −44.1% | Sep 2008 | Mar 2009 | 6 months | Jul 2013 | 4.3 years |
| 2022 bear market | −59.1% | −11.1% | Jan 2022 | May 2023 | 16 months | Feb 2026 | 2.8 years |
| Covid crash | −54.3% | −30.6% | Dec 2019 | Mar 2020 | 3 months | Feb 2021 | 11 months |
| 2008 financial crisis | −51.2% | −12.7% | Dec 2006 | Jul 2008 | 19 months | Sep 2008 | 2 months |
| No named crash | −44.9% | — | Oct 1989 | Sep 1990 | 11 months | Nov 1991 | 14 months |
How did TFC do in stock market crashes?
This section measures how far TFC, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.
- TFC fell further than the S&P 500 in seven of the ten crashes it has traded through. The clearest case was the 2023 regional bank crisis, when TFC fell 26.3% and the S&P 500 fell 3.4%.
- Among its popular alternatives, CBSH held up best, falling less than TFC in eight of the ten crashes they both traded through.
Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than TFC.
| Investment | Held up better | 2023 regional bank crisisMar 2023 | 2022 bear marketJan 2022 | Covid crashFeb 2020 | Late-2018 sell-offSep 2018 | February 2018 volatility shockFeb 2018 | 2015 China and oil sell-offAug 2015 | 2011 euro debt crisisJul 2011 | 2010 flash crashMay 2010 | 2008 financial crisisOct 2007 | Dot-com bustMar 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TFC This pageTruist Financial Corporation | — | −26.3% | −35.8% | −53.5% | −20.1% | −6.8% | −24.4% | −27.2% | 0.0% | −66.6% | −24.8% |
| SPY S&P 500State Street SPDR S&P 500 ETF | 7 of 10 | −3.4% | −24.5% | −33.7% | −19.3% | −6.5% | −12.8% | −17.9% | −1.5% | −55.2% | −47.5% |
| EWBC East West Bancorp, Inc. | 3 of 10 | −28.9% | −33.1% | −43.9% | −35.2% | −5.0% | −39.0% | −28.0% | −5.7% | −91.3% | −36.6% |
| USB U.S. Bancorp | 4 of 10 | −19.7% | −36.8% | −47.2% | −20.4% | −7.5% | −17.7% | −24.7% | −1.2% | −76.1% | −42.8% |
| RF Regions Financial Corporation | 2 of 10 | −12.6% | −27.1% | −55.1% | −34.8% | −7.0% | −33.7% | −52.9% | −2.7% | −91.3% | −24.4% |
| FITB Fifth Third Bancorp | 3 of 10 | −22.1% | −36.5% | −60.9% | −23.8% | −6.1% | −34.9% | −28.9% | −2.3% | −96.9% | −22.0% |
| WTFC Wintrust Financial Corporation | 2 of 10 | −18.4% | −26.7% | −62.7% | −30.2% | −7.3% | −28.9% | −28.0% | −3.2% | −77.4% | −28.1% |
| ZION Zions Bancorporation, National Association | 2 of 10 | −35.8% | −33.9% | −47.9% | −26.3% | −6.4% | −36.6% | −41.6% | −3.3% | −90.6% | −43.6% |
| KEY KeyCorp | 0 of 10 | −34.2% | −40.6% | −58.8% | −32.9% | −7.7% | −32.5% | −31.7% | −1.1% | −82.9% | −25.5% |
| JPM JPMorgan Chase & Co. | 4 of 10 | −5.4% | −37.9% | −42.5% | −21.3% | −5.6% | −22.0% | −32.1% | −0.1% | −67.7% | −74.0% |
| CFG Citizens Financial Group, Inc. | 1 of 6 | −19.5% | −39.7% | −60.5% | −31.3% | −8.3% | −32.8% | — | — | — | — |
| PNC The PNC Financial Services Group, Inc. | 6 of 10 | −10.4% | −34.0% | −47.8% | −23.2% | −5.4% | −20.8% | −24.1% | −0.4% | −76.7% | −49.6% |
| COF Capital One Financial Corporation | 2 of 10 | −11.1% | −42.6% | −58.8% | −28.2% | −9.6% | −28.5% | −24.2% | −2.1% | −87.7% | −65.6% |
| MTB M&T Bank Corporation | 7 of 10 | −9.4% | −18.0% | −47.6% | −21.1% | −5.7% | −23.2% | −23.1% | −0.2% | −69.6% | −23.9% |
| CFR Cullen/Frost Bankers, Inc. | 6 of 10 | −18.0% | −21.3% | −47.4% | −23.9% | −4.4% | −41.5% | −19.8% | −0.7% | −40.6% | −43.8% |
| FNB F.N.B. Corporation | 7 of 10 | −8.0% | −22.9% | −52.3% | −28.3% | −6.2% | −23.2% | −20.4% | −5.0% | −68.6% | −17.0% |
| UBSI United Bankshares, Inc. | 6 of 10 | −6.0% | −14.7% | −38.6% | −22.4% | −7.3% | −23.5% | −21.3% | −1.3% | −61.3% | −25.2% |
| CBSH Commerce Bancshares, Inc. | 8 of 10 | −7.7% | −14.4% | −33.8% | −18.4% | −4.8% | −17.9% | −21.0% | −0.8% | −44.5% | −24.5% |
| WFC Wells Fargo & Company | 4 of 10 | −12.4% | −36.3% | −47.1% | −20.1% | −13.5% | −20.9% | −21.1% | −1.2% | −79.0% | −29.2% |
| FHN First Horizon Corporation | 2 of 10 | −24.9% | −11.9% | −57.1% | −30.8% | −6.3% | −27.4% | −40.8% | −0.6% | −80.4% | −24.7% |
| BAC Bank of America Corporation | 2 of 10 | −12.4% | −38.7% | −47.8% | −26.4% | −6.9% | −37.8% | −45.2% | −0.6% | −93.4% | −36.3% |
| BOKF BOK Financial Corporation | 5 of 10 | −11.9% | −37.8% | −56.3% | −32.2% | −5.2% | −37.7% | −19.7% | −0.7% | −61.6% | −23.2% |
| SCHW The Charles Schwab Corporation | 2 of 10 | −31.9% | −36.9% | −41.5% | −26.5% | −8.2% | −37.0% | −28.9% | −5.5% | −56.0% | −83.1% |
| HBAN Huntington Bancshares Incorporated | 5 of 10 | −23.0% | −31.3% | −49.6% | −28.3% | −6.1% | −31.7% | −26.2% | −3.6% | −93.9% | −37.2% |
| WAL Western Alliance Bancorporation | 1 of 9 | −63.5% | −48.3% | −61.9% | −36.6% | −5.4% | −29.4% | −36.3% | −4.8% | −83.6% | — |
How closely does TFC move with the S&P 500?
Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares TFC with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.
- 23 of the 23 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than TFC's 0.68, led by JPM, SCHW and CFR.
- CFR took just 77% of the S&P 500's losses, against 126% for TFC, while still keeping 75% of its gains.
- Over the past 10 years, TFC captured 86% of the S&P 500's gains in rising months and 126% of its losses in falling months, with a beta of 1.11. Its share of the market's losses was larger than its share of the gains.
Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than TFC's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.
| Investment | Upside capture | Downside capture | Capture ratio | Beta |
|---|---|---|---|---|
| TFC This pageTruist Financial Corporation | 86% | 126% | 0.68 | 1.11 |
| JPM JPMorgan Chase & Co. | 117% | 103% | 1.14 | 1.09 |
| SCHW The Charles Schwab Corporation | 89% | 90% | 0.99 | 0.91 |
| CFR Cullen/Frost Bankers, Inc. | 75% | 77% | 0.97 | 0.97 |
| EWBC East West Bancorp, Inc. | 111% | 118% | 0.94 | 1.39 |
| CBSH Commerce Bancshares, Inc. | 59% | 64% | 0.92 | 0.77 |
| RF Regions Financial Corporation | 113% | 127% | 0.89 | 1.26 |
| FITB Fifth Third Bancorp | 102% | 114% | 0.89 | 1.22 |
| MTB M&T Bank Corporation | 75% | 86% | 0.87 | 0.86 |
| BAC Bank of America Corporation | 127% | 146% | 0.87 | 1.36 |
| PNC The PNC Financial Services Group, Inc. | 108% | 127% | 0.85 | 1.15 |
| CFG Citizens Financial Group, Inc. | 118% | 140% | 0.84 | 1.37 |
| WTFC Wintrust Financial Corporation | 97% | 117% | 0.83 | 1.20 |
| FHN First Horizon Corporation | 66% | 79% | 0.83 | 1.03 |
| ZION Zions Bancorporation, National Association | 97% | 122% | 0.79 | 1.17 |
| COF Capital One Financial Corporation | 115% | 146% | 0.79 | 1.39 |
| HBAN Huntington Bancshares Incorporated | 89% | 116% | 0.76 | 1.13 |
| KEY KeyCorp | 100% | 132% | 0.75 | 1.28 |
| WFC Wells Fargo & Company | 96% | 129% | 0.75 | 1.13 |
| BOKF BOK Financial Corporation | 92% | 123% | 0.75 | 1.13 |
| FNB F.N.B. Corporation | 81% | 110% | 0.73 | 1.09 |
| UBSI United Bankshares, Inc. | 73% | 103% | 0.71 | 1.01 |
| USB U.S. Bancorp | 89% | 130% | 0.69 | 1.05 |
| WAL Western Alliance Bancorporation | 117% | 169% | 0.69 | 1.52 |
What diversifies TFC?
Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with TFC's. Because such investments tend not to fall at the same time, pairing TFC with them can reduce a portfolio's overall swings.
- Moving a fifth of the money in TFC into DXJ would have cut the portfolio's volatility by 18% over the past 5 years and raised its annual return (+0.1% for TFC alone, +5.7% for the mix).
- FIX made money in eight of the 11 calendar years in which TFC lost money.
- Among large ETFs, LVHI, DXJ and GCOW have moved largely independently of TFC over the past 5 years, with correlations of 0.47 or lower, and each still earned a positive 5-year return.
Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which TFC lost money. The last two columns show a portfolio that is 80% TFC and 20% the other investment, rebalanced monthly.
ETFs
| Investment | Correlation | 5Y return | Sharpe | 2023 | 2022 | 2020 | 2018 | 2015 | 2011 | 2009 | 2008 | 2007 | 2001 | 1999 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TFC Truist Financial Corporation (this page) | 1.00 | −5.7% | 0.12 | −8.6% | −23.5% | −11.1% | −10.2% | −0.1% | −1.9% | −2.0% | −4.5% | −27.2% | −0.4% | −30.6% | 28.0% | +0.1% |
| LVHI InternationalFranklin International Low Volatility High Dividend Index ETF | 0.47 | +119% | 1.48 | +17.4% | +3.8% | −9.0% | −5.2% | — | — | — | — | — | — | — | 23.4% | +3.8% |
| DXJ InternationalWisdomTree Japan Hedged Equity Fund | 0.15 | +225% | 1.34 | +42.0% | +6.0% | +3.9% | −19.8% | +7.7% | −16.1% | +2.0% | −20.8% | −7.4% | — | — | 22.9% | +5.7% |
| GCOW InternationalPacer Global Cash Cows Dividend ETF | 0.43 | +93.4% | 1.04 | +13.9% | +5.5% | −4.3% | −8.0% | — | — | — | — | — | — | — | 23.9% | +3.2% |
| HDV Dividend & IncomeiShares Core High Dividend ETF | 0.47 | +83.3% | 1.00 | +1.8% | +7.1% | −6.5% | −3.0% | −0.3% | — | — | — | — | — | — | 23.9% | +2.9% |
| EWP Broad MarketiShares MSCI Spain ETF | 0.45 | +140% | 0.97 | +30.3% | −5.2% | −4.0% | −15.3% | −15.6% | −9.8% | +33.1% | −36.8% | +20.9% | −9.2% | −1.5% | 24.4% | +4.5% |
| MLPX EnergyGlobal X - MLP & Energy Infrastructure ETF | 0.49 | +135% | 0.97 | +15.8% | +21.5% | −20.3% | −15.5% | −35.3% | — | — | — | — | — | — | 24.5% | +4.4% |
| SMH TechnologyVanEck Semiconductor ETF | 0.33 | +323% | 0.97 | +73.4% | −33.5% | +55.5% | −9.1% | −0.3% | +6.8% | +60.5% | −44.7% | +6.0% | −14.6% | — | 25.6% | +7.9% |
| DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF | 0.48 | +85.0% | 0.96 | +20.1% | −5.1% | +2.1% | −9.5% | +4.1% | — | — | — | — | — | — | 23.5% | +3.2% |
Stocks
| Investment | Correlation | 5Y return | Sharpe | 2023 | 2022 | 2020 | 2018 | 2015 | 2011 | 2009 | 2008 | 2007 | 2001 | 1999 | 80/20 mix volatility | 80/20 mix annual return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TFC Truist Financial Corporation (this page) | 1.00 | −5.7% | 0.12 | −8.6% | −23.5% | −11.1% | −10.2% | −0.1% | −1.9% | −2.0% | −4.5% | −27.2% | −0.4% | −30.6% | 28.0% | +0.1% |
| CAH Medical - DistributionCardinal Health, Inc. | 0.11 | +479% | 1.55 | +34.1% | +54.1% | +10.1% | −24.5% | +12.6% | +8.1% | −4.4% | −39.6% | −9.8% | −2.5% | −36.8% | 23.6% | +7.9% |
| CLS Hardware, Equipment & PartsCelestica Inc. | 0.35 | +3,143% | 1.47 | +160% | +1.3% | −2.4% | −16.3% | −6.0% | −24.4% | +105% | −20.5% | −25.7% | −25.6% | +350% | 28.7% | +19.0% |
| FIX Engineering & ConstructionComfort Systems USA, Inc. | 0.28 | +1,636% | 1.46 | +79.6% | +17.0% | +6.7% | +0.8% | +67.7% | −17.0% | +17.8% | −15.2% | +2.1% | +73.7% | −58.7% | 26.4% | +15.6% |
| MCK Medical - DistributionMcKesson Corporation | 0.10 | +413% | 1.44 | +24.1% | +51.8% | +27.1% | −28.4% | −4.5% | +11.8% | +62.9% | −40.4% | +29.7% | +4.9% | −71.3% | 23.5% | +7.3% |
| MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation | 0.19 | +690% | 1.41 | +30.4% | +86.6% | −27.4% | −8.2% | +17.4% | — | — | — | — | — | — | 24.5% | +9.7% |
Common questions
What was TFC's worst drawdown?
TFC's deepest decline since it began trading in 1986 was 66.6%, from September 2008 to March 2009. It took about four years from the low to climb back to its old high.
What were TFC's best and worst years?
Over 29 full calendar years, TFC's best year was 1997, when it returned 81.3%. Its worst was 1999, with a return of -30.6%.
Is there a better investment than TFC?
Among TFC's popular alternatives, JPM, PNC and USB earned more than TFC with less volatility over the past 5 years. JPM returned 17.3% a year at 24.3% volatility, against a loss of 1.2% a year at 31.6%. Looking beyond its popular alternatives, RY (banks) and CME (capital markets) earned more than TFC with less volatility over the past 5 years. RY returned 17.3% a year at 18.2% volatility, against a loss of 1.2% a year at 31.6%.
Is TFC more volatile than the S&P 500?
Yes. TFC's volatility over the past 5 years was 31.6%, 1.8 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, TFC's return lands within 31.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.
What is TFC's Sharpe ratio?
TFC's Sharpe ratio over the past 5 years was 0.12, against 0.79 for the S&P 500, so TFC earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.
How correlated is TFC with the S&P 500?
Over the past 5 years, TFC's monthly returns had a correlation of 0.52 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against TFC instead: the lower it is, the more that option would diversify a TFC holding.
What are the best alternatives to TFC?
Of the 23 popular alternatives we compared, 16 outperformed TFC in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: EWBC, USB and RF.
Did TFC outperform the S&P 500?
TFC finished ahead of the S&P 500 (SPY) in ten of 29 full calendar years. In 2025, it returned +19.1%, against +17.7% for the index.
How did TFC do in stock market crashes?
TFC fell less than the S&P 500 (SPY) in two of the ten major crashes it has traded through, and further in seven. The clearest case was the 2023 regional bank crisis, when TFC fell 26.3% and the S&P 500 fell 3.4%.
What diversifies TFC?
These had a low correlation with TFC over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.47), DXJ (correlation 0.15) and GCOW (correlation 0.43); among large stocks, CAH (correlation 0.11), CLS (correlation 0.35) and FIX (correlation 0.28). A correlation near zero means the two have moved largely independently.
How we measure
- Short-term periods are 1M, 3M, 6M, YTD, 1Y; long-term periods are 3Y, 5Y, 10Y. An investment outperformed in a period when its total return, with dividends reinvested, was higher than TFC's. Returns within 0.5 points or 3% of TFC's, whichever is larger, count as a tie.
- "Qualified" means outperforming in at least 3 of 5 short-term periods and 2 of 3 long-term periods. "All-weather" means outperforming in every long-term period and all but one short-term period.
- Popular alternatives are the funds and stocks most often compared with this one. We include only those that trade today, are not leveraged or inverse, and hold at least $200 million.
- Volatility is the annualized standard deviation of daily returns over 5 years, a measure of how much the price typically swings in a year. The Sharpe ratio is the return above cash for each unit of that volatility.
- A decline, or drawdown, runs from a peak to the lowest close before the next high. The worst decline ever uses all the price history we have; comparisons between funds use the past 10 years so that younger funds are judged on the same stretch.
- Sector overlap is the share of assets two funds hold in the same sectors. Correlation and the mixed-portfolio figures use monthly returns.
- Upside and downside capture follow Morningstar's definition: the compound monthly return in the months the S&P 500 rose (or fell), divided by the S&P 500's compound return in those months. Beta measures how strongly monthly returns have moved with the S&P 500. All three use the same window for every investment.
- Figures are computed from daily adjusted prices and update after each trading day. Past performance does not predict future results.
More research
Popular alternatives to TFC
- USBU.S. Bancorp
- FITBFifth Third Bancorp
- JPMJPMorgan Chase & Co.
- PNCPNC Financial Services Group
COFCapital One Financial
WFCWells Fargo & Company
BACBank of America
SCHWCharles Schwab
NVDA
GOOG