FBP vs. CASH

Last updated Aug 1, 2026

FBP (First BanCorp.) and CASH (Pathward Financial, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, FBP returned 23.47%/yr vs 17.69%/yr for CASH. Their 0.24 correlation means their historical movements had little consistent relationship.

Performance

FBP vs. CASH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First BanCorp. (FBP) and Pathward Financial, Inc. (CASH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBP achieves a 41.99% return, which is significantly higher than CASH's 24.43% return. Over the past 10 years, FBP has outperformed CASH with an annualized return of 23.47%, while CASH has yielded a comparatively lower 17.69% annualized return.

FBP

• 1D: 0.49%
• 1M: 9.87%
• 6M: 33.07%
• YTD: 41.99%
• 1Y: 47.35%
• 3Y*: 28.72%
• 5Y*: 23.15%
• 10Y*: 23.47%
• ALL TIME*: 6.20%

CASH

• 1D: 0.62%
• 1M: -0.54%
• 6M: -2.16%
• YTD: 24.43%
• 1Y: 18.28%
• 3Y*: 19.05%
• 5Y*: 12.57%
• 10Y*: 17.69%
• ALL TIME*: 12.63%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CASH Pathward Financial, Inc.	$21.60M	$19.27M	$18.69M
FBP First BanCorp.	$58.43M	$42.96M	$39.39M

FBP vs. CASH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBP First BanCorp.	41.99%	15.48%	16.91%	34.81%	-4.71%	53.12%	-10.36%	24.84%	69.19%	-22.84%
CASH Pathward Financial, Inc.	24.43%	-3.25%	39.47%	23.45%	-27.48%	63.82%	0.94%	89.68%	-36.81%	-9.39%

Correlation

The correlation between FBP and CASH is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.69
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since Sep 21, 1993	0.24

Over the past year, FBP and CASH have become more correlated (0.60) than their long-term average of 0.24, meaning their price movements have been converging.

Fundamentals

Market Cap FBP : $4.42B CASH : $1.86B
EPS FBP : $2.37 CASH : $7.92
PE Ratio FBP : 12.20 CASH : 11.14
PEG Ratio FBP : 0.92 CASH : 0.70
PS Ratio FBP : 3.58 CASH : 4.48
PB Ratio FBP : 2.26 CASH : 2.26
Total Revenue (TTM) FBP : $1.27B CASH : $437.03M
Gross Profit (TTM) FBP : $947.91M CASH : $160.30M
EBITDA (TTM) FBP : $461.82M CASH : $216.92M

Return for Risk

FBP vs. CASH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FBP

FBP Risk / Return Rank: 87
FBP Sharpe Ratio Rank: 89
FBP Sortino Ratio Rank: 86
FBP Omega Ratio Rank: 86
FBP Calmar Ratio Rank: 88
FBP Martin Ratio Rank: 87

CASH

CASH Risk / Return Rank: 61
CASH Sharpe Ratio Rank: 65
CASH Sortino Ratio Rank: 57
CASH Omega Ratio Rank: 59
CASH Calmar Ratio Rank: 62
CASH Martin Ratio Rank: 63

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FBP vs. CASH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First BanCorp. (FBP) and Pathward Financial, Inc. (CASH). 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.

	FBP	CASH	Difference
Sharpe ratio: Return per unit of total volatility	1.76	0.57	+1.19
Sortino ratio: Return per unit of downside risk	2.42	0.93	+1.49
Omega ratio: Gain probability vs. loss probability	1.31	1.13	+0.18
Calmar ratio: Return relative to maximum drawdown	3.18	0.77	+2.41
Martin ratio: Return relative to average drawdown	8.10	1.69	+6.41

FBP vs. CASH - Sharpe Ratio Comparison

The current FBP Sharpe Ratio is 1.76, which is higher than the CASH Sharpe Ratio of 0.57. The chart below compares the historical Sharpe Ratios of FBP and CASH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FBP vs. CASH - Drawdown Comparison

The maximum FBP drawdown since its inception was -99.51%, which is greater than CASH's maximum drawdown of -83.66%. Use the drawdown chart below to compare losses from any high point for FBP and CASH.

Drawdown Indicators

	FBP	CASH	Difference
Max Drawdown Largest peak-to-trough decline	-99.51%	-83.66%	-15.85%
Max Drawdown (1Y) Largest decline over 1 year	-13.83%	-22.21%	+8.38%
Max Drawdown (3Y) Largest decline over 3 years	-22.87%	-22.21%	-0.66%
Max Drawdown (5Y) Largest decline over 5 years	-32.38%	-50.84%	+18.46%
Max Drawdown (10Y) Largest decline over 10 years	-67.82%	-64.90%	-2.92%
Current Drawdown Current decline from peak	-91.47%	-11.64%	-79.83%
Average Drawdown Average peak-to-trough decline	-60.04%	-22.84%	-37.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.42%	10.06%	-4.64%

Volatility

FBP vs. CASH - Volatility Comparison

The current volatility for First BanCorp. (FBP) is 6.60%, while Pathward Financial, Inc. (CASH) has a volatility of 9.87%. This indicates that FBP experiences smaller price fluctuations and is considered to be less risky than CASH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FBP	CASH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	9.87%	-3.27%
Volatility (6M) Calculated over the trailing 6-month period	16.43%	22.31%	-5.88%
Volatility (1Y) Calculated over the trailing 1-year period	24.94%	29.71%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.71%	33.42%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.95%	41.36%	-2.41%

Dividends

FBP vs. CASH - Dividend Comparison

FBP's dividend yield for the trailing twelve months is around 2.63%, more than CASH's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CASH Pathward Financial, Inc.	0.23%	0.28%	0.27%	0.38%	0.46%	0.34%	0.55%	0.55%	0.96%	0.56%	0.51%	1.13%
FBP First BanCorp.	2.63%	3.47%	3.44%	3.40%	3.62%	2.25%	2.17%	1.32%	0.35%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both FBP and CASH in my portfolio?

FBP and CASH have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBP or CASH?

CASH has higher volatility (9.87%) compared to FBP (6.60%). In terms of maximum drawdown, FBP dropped -99.51% vs CASH's -83.66%.

Which has better risk-adjusted returns?

FBP currently has the higher Sharpe Ratio (1.76 vs 0.57), 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.