FCNCA vs. EWBC

Last updated Jun 4, 2026

FCNCA (First Citizens BancShares, Inc.) and EWBC (East West Bancorp, Inc.) are both stocks. Both are in the Financial Services sector — FCNCA in Banks - Regional, EWBC in Banks - Diversified. Over the past 10 years, FCNCA returned 22.98%/yr vs 14.97%/yr for EWBC. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

FCNCA vs. EWBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Citizens BancShares, Inc. (FCNCA) and East West Bancorp, Inc. (EWBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCNCA achieves a -8.71% return, which is significantly lower than EWBC's 9.25% return. Over the past 10 years, FCNCA has outperformed EWBC with an annualized return of 22.98%, while EWBC has yielded a comparatively lower 14.97% annualized return.

FCNCA

• 1D: -2.07%
• 1M: 0.14%
• YTD: -8.71%
• 6M: 1.08%
• 1Y: 6.53%
• 3Y*: 15.07%
• 5Y*: 17.98%
• 10Y*: 22.98%

EWBC

• 1D: -0.66%
• 1M: -1.84%
• YTD: 9.25%
• 6M: 12.71%
• 1Y: 34.72%
• 3Y*: 36.17%
• 5Y*: 13.16%
• 10Y*: 14.97%

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

FCNCA vs. EWBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FCNCA First Citizens BancShares, Inc.	-8.71%	1.99%	49.46%	87.73%	-8.35%	44.83%	8.35%	41.64%	-6.12%	13.92%
EWBC East West Bancorp, Inc.	9.25%	20.31%	36.76%	12.75%	-14.44%	57.98%	7.23%	14.34%	-27.44%	21.38%

Correlation

The correlation between FCNCA and EWBC is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Feb 9, 1999	0.52

The correlation between FCNCA and EWBC shifts across timeframes, from 0.52 (all time) to 0.69 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap FCNCA : $23.31B EWBC : $16.83B
EPS FCNCA : $179.22 EWBC : $10.02
PE Ratio FCNCA : 10.91 EWBC : 12.09
PEG Ratio FCNCA : 0.04 EWBC : 0.98
PS Ratio FCNCA : 1.70 EWBC : 4.58
PB Ratio FCNCA : 1.15 EWBC : 1.87
Total Revenue (TTM) FCNCA : $14.45B EWBC : $3.68B
Gross Profit (TTM) FCNCA : $9.08B EWBC : $2.18B
EBITDA (TTM) FCNCA : $3.47B EWBC : $1.59B

Return for Risk

FCNCA vs. EWBC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FCNCA

FCNCA Risk / Return Rank: 45
FCNCA Sharpe Ratio Rank: 49
FCNCA Sortino Ratio Rank: 41
FCNCA Omega Ratio Rank: 41
FCNCA Calmar Ratio Rank: 47
FCNCA Martin Ratio Rank: 47

EWBC

EWBC Risk / Return Rank: 75
EWBC Sharpe Ratio Rank: 78
EWBC Sortino Ratio Rank: 71
EWBC Omega Ratio Rank: 70
EWBC Calmar Ratio Rank: 76
EWBC Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FCNCA vs. EWBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Citizens BancShares, Inc. (FCNCA) and East West Bancorp, Inc. (EWBC). 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.

	FCNCA	EWBC	Difference
Sharpe ratio Return per unit of total volatility	0.24	1.34	-1.10
Sortino ratio Return per unit of downside risk	0.49	1.85	-1.36
Omega ratio Gain probability vs. loss probability	1.07	1.24	-0.17
Calmar ratio Return relative to maximum drawdown	0.27	2.22	-1.95
Martin ratio Return relative to average drawdown	0.59	5.98	-5.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FCNCA vs. EWBC - Sharpe Ratio Comparison

The current FCNCA Sharpe Ratio is 0.24, which is lower than the EWBC Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of FCNCA and EWBC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FCNCA	EWBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	1.34	-1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.36	+0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.40	+0.21
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.33	+0.10

Drawdowns

FCNCA vs. EWBC - Drawdown Comparison

The maximum FCNCA drawdown since its inception was -63.51%, smaller than the maximum EWBC drawdown of -92.14%. Use the drawdown chart below to compare losses from any high point for FCNCA and EWBC.

Drawdown Indicators

	FCNCA	EWBC	Difference
Max Drawdown Largest peak-to-trough decline	-63.51%	-92.14%	+28.63%
Max Drawdown (1Y) Largest decline over 1 year	-24.00%	-15.71%	-8.29%
Max Drawdown (3Y) Largest decline over 3 years	-33.51%	-35.77%	+2.26%
Max Drawdown (5Y) Largest decline over 5 years	-43.63%	-54.06%	+10.43%
Max Drawdown (10Y) Largest decline over 10 years	-47.48%	-67.67%	+20.19%
Current Drawdown Current decline from peak	-16.33%	-3.59%	-12.74%
Average Drawdown Average peak-to-trough decline	-13.96%	-22.82%	+8.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.12%	5.82%	+5.30%

Volatility

FCNCA vs. EWBC - Volatility Comparison

First Citizens BancShares, Inc. (FCNCA) has a higher volatility of 6.75% compared to East West Bancorp, Inc. (EWBC) at 5.43%. This indicates that FCNCA's price experiences larger fluctuations and is considered to be riskier than EWBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCNCA	EWBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.75%	5.43%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	19.98%	17.71%	+2.27%
Volatility (1Y) Calculated over the trailing 1-year period	27.49%	26.15%	+1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.69%	36.31%	+5.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.08%	37.96%	+0.12%

Dividends

FCNCA vs. EWBC - Dividend Comparison

FCNCA's dividend yield for the trailing twelve months is around 0.42%, less than EWBC's 2.31% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EWBC East West Bancorp, Inc.	2.31%	2.14%	2.30%	2.67%	2.43%	1.68%	2.17%	2.17%	1.98%	1.32%	1.57%	1.92%
FCNCA First Citizens BancShares, Inc.	0.42%	0.37%	0.33%	0.27%	0.28%	0.23%	0.29%	0.30%	0.38%	0.31%	0.34%	0.46%

Financials

Frequently Asked Questions

Can I hold both FCNCA and EWBC in my portfolio?

FCNCA and EWBC have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCNCA or EWBC?

FCNCA has higher volatility (6.75%) compared to EWBC (5.43%). In terms of maximum drawdown, FCNCA dropped -63.51% vs EWBC's -92.14%.

Which has better risk-adjusted returns?

EWBC currently has the higher Sharpe Ratio (1.34 vs 0.24), 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.