DGICA vs. NLY
DGICA (Donegal Group Inc.) and NLY (Annaly Capital Management, Inc.) are both stocks. DGICA operates in Insurance - Property & Casualty (Financial Services), while NLY operates in REIT - Mortgage (Real Estate). Over the past 10 years, DGICA returned 6.30%/yr vs 5.88%/yr for NLY. Their 0.20 correlation means their historical movements had little consistent relationship.
Performance
DGICA vs. NLY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DGICA achieves a 0.46% return, which is significantly lower than NLY's 8.73% return. Over the past 10 years, DGICA has outperformed NLY with an annualized return of 6.30%, while NLY has yielded a comparatively lower 5.88% annualized return.
DGICA
- 1D
- -1.52%
- 1M
- 1.87%
- 6M
- 5.74%
- YTD
- 0.46%
- 1Y
- 19.44%
- 3Y*
- 14.40%
- 5Y*
- 9.67%
- 10Y*
- 6.30%
- ALL TIME*
- 8.70%
NLY
- 1D
- -0.13%
- 1M
- 0.84%
- 6M
- 6.49%
- YTD
- 8.73%
- 1Y
- 24.07%
- 3Y*
- 19.76%
- 5Y*
- 5.89%
- 10Y*
- 5.88%
- ALL TIME*
- 9.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DGICA Donegal Group Inc. | $2.55M | $2.41M | $2.53M |
| $202.32M | $168.63M | $172.32M |
DGICA vs. NLY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGICA Donegal Group Inc. | 0.46% | 34.64% | 15.93% | 3.15% | 4.02% | 6.02% | -1.12% | 13.19% | -17.96% | 2.46% |
NLY Annaly Capital Management, Inc. | 8.73% | 40.00% | 8.07% | 4.94% | -21.41% | 2.48% | 2.38% | 7.22% | -7.22% | 31.92% |
Correlation
The correlation between DGICA and NLY is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.20 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2001 | 0.20 |
Fundamentals
DGICA:
$717.01M
NLY:
$17.15B
DGICA:
$2.16
NLY:
$4.25
DGICA:
9.01
NLY:
5.35
DGICA:
0.67
NLY:
4.62
DGICA:
0.93
NLY:
1.10
DGICA:
$963.18M
NLY:
$3.42B
DGICA:
$130.63M
NLY:
$3.40B
DGICA:
$48.16M
NLY:
$8.16B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DGICA vs. NLY — Risk / Return Rank
DGICA
NLY
DGICA vs. NLY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Donegal Group Inc. (DGICA) and Annaly Capital Management, Inc. (NLY). 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.
| DGICA | NLY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.62 | -0.67 |
| Martin ratioReturn relative to average drawdown | 1.82 | 4.64 | -2.81 |
Loading charts...
Drawdowns
DGICA vs. NLY - Drawdown Comparison
The maximum DGICA drawdown since its inception was -43.36%, smaller than the maximum NLY drawdown of -60.09%. Use the drawdown chart below to compare losses from any high point for DGICA and NLY.
Loading charts...
Drawdown Indicators
| DGICA | NLY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.36% | -60.09% | +16.73% |
Max Drawdown (1Y)Largest decline over 1 year | -20.43% | -14.88% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -20.43% | -26.28% | +5.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -50.21% | +27.90% |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | -60.09% | +29.86% |
Current DrawdownCurrent decline from peak | -4.19% | -2.86% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -14.17% | -13.77% | -0.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.70% | 5.21% | +5.49% |
Volatility
DGICA vs. NLY - Volatility Comparison
Donegal Group Inc. (DGICA) has a higher volatility of 7.77% compared to Annaly Capital Management, Inc. (NLY) at 5.52%. This indicates that DGICA's price experiences larger fluctuations and is considered to be riskier than NLY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DGICA | NLY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.77% | 5.52% | +2.25% |
Volatility (6M)Calculated over the trailing 6-month period | 17.39% | 14.42% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.42% | 19.54% | +3.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.40% | 25.52% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.51% | 28.20% | -2.69% |
Dividends
DGICA vs. NLY - Dividend Comparison
DGICA's dividend yield for the trailing twelve months is around 3.85%, less than NLY's 12.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGICA Donegal Group Inc. | 3.85% | 3.60% | 4.44% | 4.82% | 4.61% | 4.41% | 4.23% | 3.90% | 4.16% | 3.22% | 3.13% | 3.81% |
NLY Annaly Capital Management, Inc. | 12.53% | 12.52% | 14.21% | 13.42% | 16.70% | 11.25% | 10.77% | 11.15% | 12.22% | 10.09% | 12.04% | 12.79% |
Financials
DGICA vs. NLY - Financials Comparison
This section allows you to compare key financial metrics between Donegal Group Inc. and Annaly Capital Management, Inc.. 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
DGICA vs. NLY - Profitability Comparison
DGICA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Donegal Group Inc. reported a gross profit of -94.00M and revenue of 241.12M. Therefore, the gross margin over that period was -39.0%.
NLY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Annaly Capital Management, Inc. reported a gross profit of -1.61B and revenue of -1.63B. Therefore, the gross margin over that period was 98.9%.
DGICA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Donegal Group Inc. reported an operating income of -14.12M and revenue of 241.12M, resulting in an operating margin of -5.9%.
NLY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Annaly Capital Management, Inc. reported an operating income of -1.56B and revenue of -1.63B, resulting in an operating margin of 95.8%.
DGICA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Donegal Group Inc. reported a net income of 22.31M and revenue of 241.12M, resulting in a net margin of 9.3%.
NLY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Annaly Capital Management, Inc. reported a net income of 822.67M and revenue of -1.63B, resulting in a net margin of -50.5%.
Frequently Asked Questions
DGICA and NLY have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DGICA has higher volatility (7.77%) compared to NLY (5.52%). In terms of maximum drawdown, DGICA dropped -43.36% vs NLY's -60.09%.
NLY currently has the higher Sharpe Ratio (1.24 vs 0.84), 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.
Find the right allocation for DGICA and NLY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer