FCNCA vs. MSCI
FCNCA (First Citizens BancShares, Inc.) and MSCI (MSCI Inc.) are both stocks. Both are in the Financial Services sector — FCNCA in Banks - Regional, MSCI in Financial Data & Stock Exchanges. Over the past 10 years, FCNCA returned 24.29%/yr vs 24.54%/yr for MSCI. At a 0.36 correlation, their price movements are largely independent.
Performance
FCNCA vs. MSCI - Performance Comparison
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Returns By Period
In the year-to-date period, FCNCA achieves a -1.54% return, which is significantly lower than MSCI's 5.22% return. Both investments have delivered pretty close results over the past 10 years, with FCNCA having a 24.29% annualized return and MSCI not far ahead at 24.54%.
FCNCA
- 1D
- -0.40%
- 1M
- 9.46%
- YTD
- -1.54%
- 6M
- 2.80%
- 1Y
- 16.43%
- 3Y*
- 17.80%
- 5Y*
- 20.13%
- 10Y*
- 24.29%
MSCI
- 1D
- 0.81%
- 1M
- 6.66%
- YTD
- 5.22%
- 6M
- 9.54%
- 1Y
- 11.93%
- 3Y*
- 9.01%
- 5Y*
- 5.72%
- 10Y*
- 24.54%
FCNCA vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | -1.54% | 1.99% | 49.46% | 87.73% | -8.35% | 44.83% | 8.35% | 41.64% | -6.12% | 13.92% |
MSCI MSCI Inc. | 5.22% | -3.17% | 7.31% | 22.90% | -23.34% | 38.14% | 74.38% | 77.19% | 17.95% | 62.63% |
Correlation
The correlation between FCNCA and MSCI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2007 | 0.36 |
The correlation between FCNCA and MSCI shifts across timeframes, from 0.20 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FCNCA:
$25.14B
MSCI:
$43.98B
FCNCA:
$179.22
MSCI:
$17.28
FCNCA:
11.77
MSCI:
34.67
FCNCA:
0.05
MSCI:
2.15
FCNCA:
1.84
MSCI:
14.12
FCNCA:
$14.45B
MSCI:
$3.24B
FCNCA:
$9.08B
MSCI:
$2.68B
FCNCA:
$3.47B
MSCI:
$1.99B
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Return for Risk
FCNCA vs. MSCI — Risk / Return Rank
FCNCA
MSCI
FCNCA vs. MSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Citizens BancShares, Inc. (FCNCA) and MSCI Inc. (MSCI). 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.
| FCNCA | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.09 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 0.52 | +0.10 |
| Martin ratioReturn relative to average drawdown | 1.35 | 1.37 | -0.02 |
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Drawdowns
FCNCA vs. MSCI - Drawdown Comparison
The maximum FCNCA drawdown since its inception was -63.51%, smaller than the maximum MSCI drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for FCNCA and MSCI.
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Drawdown Indicators
| FCNCA | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.51% | -69.06% | +5.55% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -18.07% | -5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -33.51% | -25.99% | -7.52% |
Max Drawdown (5Y)Largest decline over 5 years | -43.63% | -43.74% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -47.48% | -43.74% | -3.74% |
Current DrawdownCurrent decline from peak | -9.76% | -6.94% | -2.82% |
Average DrawdownAverage peak-to-trough decline | -13.96% | -13.07% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.14% | 6.92% | +4.22% |
Volatility
FCNCA vs. MSCI - Volatility Comparison
The current volatility for First Citizens BancShares, Inc. (FCNCA) is 7.32%, while MSCI Inc. (MSCI) has a volatility of 8.37%. This indicates that FCNCA experiences smaller price fluctuations and is considered to be less risky than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FCNCA | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 8.37% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 20.04% | 20.91% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.65% | 28.70% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.70% | 30.72% | +10.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.09% | 31.18% | +6.91% |
Dividends
FCNCA vs. MSCI - Dividend Comparison
FCNCA's dividend yield for the trailing twelve months is around 0.39%, less than MSCI's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | 0.39% | 0.37% | 0.33% | 0.27% | 0.28% | 0.23% | 0.29% | 0.30% | 0.38% | 0.31% | 0.34% | 0.46% |
MSCI MSCI Inc. | 1.29% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
Financials
FCNCA vs. MSCI - Financials Comparison
This section allows you to compare key financial metrics between First Citizens BancShares, Inc. and MSCI 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
FCNCA vs. MSCI - Profitability Comparison
FCNCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a gross profit of 2.31B and revenue of 3.48B. Therefore, the gross margin over that period was 66.5%.
MSCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a gross profit of 709.00M and revenue of 850.80M. Therefore, the gross margin over that period was 83.3%.
FCNCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported an operating income of 705.00M and revenue of 3.48B, resulting in an operating margin of 20.3%.
MSCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported an operating income of 456.90M and revenue of 850.80M, resulting in an operating margin of 53.7%.
FCNCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a net income of 534.00M and revenue of 3.48B, resulting in a net margin of 15.4%.
MSCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a net income of 406.00M and revenue of 850.80M, resulting in a net margin of 47.7%.
Frequently Asked Questions
FCNCA and MSCI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSCI has higher volatility (8.37%) compared to FCNCA (7.32%). In terms of maximum drawdown, FCNCA dropped -63.51% vs MSCI's -69.06%.
FCNCA currently has the higher Sharpe Ratio (0.55 vs 0.33), 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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