ESNT vs. FNMA
ESNT (Essent Group Ltd.) and FNMA (Federal National Mortgage Association) are both stocks. Both operate in the Mortgage Finance industry within the Financial Services sector. Over the past 10 years, ESNT returned 12.75%/yr vs 12.02%/yr for FNMA. At a 0.15 correlation, their price movements are largely independent.
Performance
ESNT vs. FNMA - Performance Comparison
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Returns By Period
In the year-to-date period, ESNT achieves a -8.24% return, which is significantly higher than FNMA's -40.82% return. Over the past 10 years, ESNT has outperformed FNMA with an annualized return of 12.75%, while FNMA has yielded a comparatively lower 12.02% annualized return.
ESNT
- 1D
- 0.82%
- 1M
- -2.45%
- YTD
- -8.24%
- 6M
- -9.44%
- 1Y
- 1.15%
- 3Y*
- 12.20%
- 5Y*
- 7.25%
- 10Y*
- 12.75%
FNMA
- 1D
- -0.16%
- 1M
- -11.63%
- YTD
- -40.82%
- 6M
- -42.48%
- 1Y
- -36.44%
- 3Y*
- 144.96%
- 5Y*
- 33.10%
- 10Y*
- 12.02%
ESNT vs. FNMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESNT Essent Group Ltd. | -8.24% | 21.95% | 5.23% | 38.60% | -12.76% | 7.06% | -15.53% | 53.00% | -21.28% | 34.14% |
FNMA Federal National Mortgage Association | -40.82% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
Correlation
The correlation between ESNT and FNMA is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Oct 31, 2013 | 0.15 |
The correlation between ESNT and FNMA shifts across timeframes, from 0.02 (1 year) to 0.16 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ESNT:
$5.57B
FNMA:
$37.42B
ESNT:
$6.98
FNMA:
$2.77
ESNT:
8.45
FNMA:
2.29
ESNT:
1.95
FNMA:
0.00
ESNT:
4.48
FNMA:
0.23
ESNT:
$1.29B
FNMA:
$161.03B
ESNT:
$839.13M
FNMA:
$117.99B
ESNT:
$643.27M
FNMA:
$111.39B
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Return for Risk
ESNT vs. FNMA — Risk / Return Rank
ESNT
FNMA
ESNT vs. FNMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Essent Group Ltd. (ESNT) and Federal National Mortgage Association (FNMA). 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.
| ESNT | FNMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.99 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | -0.52 | +0.60 |
| Martin ratioReturn relative to average drawdown | 0.15 | -0.95 | +1.10 |
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Drawdowns
ESNT vs. FNMA - Drawdown Comparison
The maximum ESNT drawdown since its inception was -64.72%, smaller than the maximum FNMA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for ESNT and FNMA.
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Drawdown Indicators
| ESNT | FNMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.72% | -99.74% | +35.02% |
Max Drawdown (1Y)Largest decline over 1 year | -15.41% | -69.76% | +54.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.36% | -69.76% | +51.40% |
Max Drawdown (5Y)Largest decline over 5 years | -28.79% | -77.35% | +48.56% |
Max Drawdown (10Y)Largest decline over 10 years | -64.72% | -92.13% | +27.41% |
Current DrawdownCurrent decline from peak | -10.73% | -91.33% | +80.60% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -46.20% | +32.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 38.43% | -30.84% |
Volatility
ESNT vs. FNMA - Volatility Comparison
The current volatility for Essent Group Ltd. (ESNT) is 6.24%, while Federal National Mortgage Association (FNMA) has a volatility of 17.60%. This indicates that ESNT experiences smaller price fluctuations and is considered to be less risky than FNMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESNT | FNMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 17.60% | -11.36% |
Volatility (6M)Calculated over the trailing 6-month period | 17.65% | 65.89% | -48.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.58% | 93.68% | -71.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.96% | 92.01% | -67.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.71% | 81.90% | -43.19% |
Dividends
ESNT vs. FNMA - Dividend Comparison
ESNT's dividend yield for the trailing twelve months is around 2.24%, while FNMA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ESNT Essent Group Ltd. | 2.24% | 1.91% | 2.06% | 1.90% | 2.21% | 1.54% | 1.48% | 0.58% |
FNMA Federal National Mortgage Association | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ESNT vs. FNMA - Financials Comparison
This section allows you to compare key financial metrics between Essent Group Ltd. and Federal National Mortgage Association. 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
ESNT vs. FNMA - Profitability Comparison
ESNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Essent Group Ltd. reported a gross profit of 0.00 and revenue of 336.07M. Therefore, the gross margin over that period was 0.0%.
FNMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a gross profit of 0.00 and revenue of 40.22B. Therefore, the gross margin over that period was 0.0%.
ESNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Essent Group Ltd. reported an operating income of 0.00 and revenue of 336.07M, resulting in an operating margin of 0.0%.
FNMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported an operating income of 0.00 and revenue of 40.22B, resulting in an operating margin of 0.0%.
ESNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Essent Group Ltd. reported a net income of 171.80M and revenue of 336.07M, resulting in a net margin of 51.1%.
FNMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a net income of 5.61B and revenue of 40.22B, resulting in a net margin of 13.9%.
Frequently Asked Questions
ESNT and FNMA have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNMA has higher volatility (17.60%) compared to ESNT (6.24%). In terms of maximum drawdown, ESNT dropped -64.72% vs FNMA's -99.74%.
ESNT currently has the higher Sharpe Ratio (0.05 vs -0.39), 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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