AGM vs. MBIN
AGM (Federal Agricultural Mortgage Corporation) and MBIN (Merchants Bancorp) are both stocks. Both are in the Financial Services sector — AGM in Credit Services, MBIN in Banks - Regional. Over the past 5 years, AGM returned 17.18%/yr vs 13.85%/yr for MBIN. At a 0.49 correlation, their price movements are largely independent.
Performance
AGM vs. MBIN - Performance Comparison
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Returns By Period
In the year-to-date period, AGM achieves a 6.40% return, which is significantly lower than MBIN's 43.91% return.
AGM
- 1D
- -0.43%
- 1M
- 5.78%
- YTD
- 6.40%
- 6M
- 5.39%
- 1Y
- 2.81%
- 3Y*
- 10.65%
- 5Y*
- 17.18%
- 10Y*
- 22.02%
MBIN
- 1D
- -1.83%
- 1M
- 8.30%
- YTD
- 43.91%
- 6M
- 35.40%
- 1Y
- 60.80%
- 3Y*
- 22.10%
- 5Y*
- 13.85%
- 10Y*
- —
AGM vs. MBIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGM Federal Agricultural Mortgage Corporation | 6.40% | -7.96% | 6.08% | 74.61% | -5.83% | 72.62% | -6.60% | 43.16% | -20.38% | 4.90% |
MBIN Merchants Bancorp | 43.91% | -5.51% | -13.59% | 77.01% | -22.06% | 72.80% | 42.55% | 0.30% | 2.43% | 16.05% |
Correlation
The correlation between AGM and MBIN is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.49 |
The correlation between AGM and MBIN has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.
Fundamentals
AGM:
$24.06
MBIN:
$4.97
AGM:
7.62
MBIN:
9.82
AGM:
1.18
MBIN:
1.70
AGM:
$1.35B
MBIN:
$1.32B
AGM:
$295.93M
MBIN:
$423.13M
AGM:
$192.59M
MBIN:
$188.84M
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Return for Risk
AGM vs. MBIN — Risk / Return Rank
AGM
MBIN
AGM vs. MBIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal Agricultural Mortgage Corporation (AGM) and Merchants Bancorp (MBIN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGM | MBIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.31 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.09 | 3.23 | -3.14 |
| Martin ratioReturn relative to average drawdown | 0.17 | 7.22 | -7.06 |
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Drawdowns
AGM vs. MBIN - Drawdown Comparison
The maximum AGM drawdown since its inception was -94.63%, which is greater than MBIN's maximum drawdown of -53.77%. Use the drawdown chart below to compare losses from any high point for AGM and MBIN.
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Drawdown Indicators
| AGM | MBIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.63% | -53.77% | -40.86% |
Max Drawdown (1Y)Largest decline over 1 year | -31.94% | -18.94% | -13.00% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -43.94% | +11.40% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -43.94% | +11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -53.30% | — | — |
Current DrawdownCurrent decline from peak | -10.30% | -5.28% | -5.02% |
Average DrawdownAverage peak-to-trough decline | -27.85% | -19.85% | -8.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.95% | 8.44% | +8.51% |
Volatility
AGM vs. MBIN - Volatility Comparison
Federal Agricultural Mortgage Corporation (AGM) has a higher volatility of 9.10% compared to Merchants Bancorp (MBIN) at 8.22%. This indicates that AGM's price experiences larger fluctuations and is considered to be riskier than MBIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AGM | MBIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.10% | 8.22% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 25.30% | 27.36% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.11% | 36.72% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.01% | 36.01% | -6.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.53% | 40.19% | -5.66% |
Dividends
AGM vs. MBIN - Dividend Comparison
AGM's dividend yield for the trailing twelve months is around 3.38%, more than MBIN's 0.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGM Federal Agricultural Mortgage Corporation | 3.38% | 3.42% | 2.84% | 2.30% | 3.37% | 2.84% | 4.31% | 3.35% | 3.84% | 1.84% | 1.82% | 2.03% |
MBIN Merchants Bancorp | 0.86% | 1.17% | 0.99% | 0.75% | 1.15% | 0.76% | 1.16% | 1.42% | 1.20% | 0.25% | 0.00% | 0.00% |
Financials
AGM vs. MBIN - Financials Comparison
This section allows you to compare key financial metrics between Federal Agricultural Mortgage Corporation and Merchants Bancorp. 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
AGM vs. MBIN - Profitability Comparison
AGM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported a gross profit of 0.00 and revenue of 415.96M. Therefore, the gross margin over that period was 0.0%.
MBIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Merchants Bancorp reported a gross profit of 0.00 and revenue of 270.51M. Therefore, the gross margin over that period was 0.0%.
AGM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported an operating income of 0.00 and revenue of 415.96M, resulting in an operating margin of 0.0%.
MBIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Merchants Bancorp reported an operating income of 0.00 and revenue of 270.51M, resulting in an operating margin of 0.0%.
AGM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal Agricultural Mortgage Corporation reported a net income of 51.83M and revenue of 415.96M, resulting in a net margin of 12.5%.
MBIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Merchants Bancorp reported a net income of 67.73M and revenue of 270.51M, resulting in a net margin of 25.0%.
Frequently Asked Questions
AGM and MBIN have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGM has higher volatility (9.10%) compared to MBIN (8.22%). In terms of maximum drawdown, AGM dropped -94.63% vs MBIN's -53.77%.
MBIN currently has the higher Sharpe Ratio (1.67 vs 0.09), 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.
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