FG vs. SMID
FG (F&G Annuities & Life Inc. ) and SMID (Smith-Midland Corporation) are both stocks. FG operates in Insurance - Life (Financial Services), while SMID operates in Building Materials (Basic Materials). Over the past 3 years, FG returned 13.16%/yr vs 13.59%/yr for SMID. At a 0.23 correlation, their price movements are largely independent.
Performance
FG vs. SMID - Performance Comparison
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Returns By Period
In the year-to-date period, FG achieves a -7.92% return, which is significantly higher than SMID's -16.95% return.
FG
- 1D
- 1.90%
- 1M
- 1.06%
- YTD
- -7.92%
- 6M
- -9.07%
- 1Y
- -10.21%
- 3Y*
- 13.16%
- 5Y*
- —
- 10Y*
- —
SMID
- 1D
- 3.89%
- 1M
- 2.48%
- YTD
- -16.95%
- 6M
- -12.75%
- 1Y
- -2.49%
- 3Y*
- 13.59%
- 5Y*
- 6.53%
- 10Y*
- 28.58%
FG vs. SMID - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FG F&G Annuities & Life Inc. | -7.92% | -23.60% | -7.98% | 137.11% | -9.05% |
SMID Smith-Midland Corporation | -16.95% | -18.26% | 12.56% | 92.68% | -10.09% |
Correlation
The correlation between FG and SMID is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2022 | 0.23 |
Fundamentals
FG:
$3.85
SMID:
$3.54
FG:
7.24
SMID:
8.53
FG:
0.13
SMID:
0.04
FG:
0.65
SMID:
1.14
FG:
$5.86B
SMID:
$93.45M
FG:
$1.23B
SMID:
$26.04M
FG:
$1.52B
SMID:
$19.01M
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Return for Risk
FG vs. SMID — Risk / Return Rank
FG
SMID
FG vs. SMID - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for F&G Annuities & Life Inc. (FG) and Smith-Midland Corporation (SMID). 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.
| FG | SMID | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.04 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.06 | -0.19 |
| Martin ratioReturn relative to average drawdown | -0.58 | -0.13 | -0.45 |
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Drawdowns
FG vs. SMID - Drawdown Comparison
The maximum FG drawdown since its inception was -56.24%, smaller than the maximum SMID drawdown of -72.37%. Use the drawdown chart below to compare losses from any high point for FG and SMID.
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Drawdown Indicators
| FG | SMID | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.24% | -72.37% | +16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -40.92% | -39.29% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -56.24% | -48.85% | -7.39% |
Max Drawdown (5Y)Largest decline over 5 years | — | -72.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.37% | — |
Current DrawdownCurrent decline from peak | -39.92% | -39.68% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -27.56% | +7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.72% | 19.43% | -1.71% |
Volatility
FG vs. SMID - Volatility Comparison
The current volatility for F&G Annuities & Life Inc. (FG) is 10.86%, while Smith-Midland Corporation (SMID) has a volatility of 22.53%. This indicates that FG experiences smaller price fluctuations and is considered to be less risky than SMID based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FG | SMID | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.86% | 22.53% | -11.67% |
Volatility (6M)Calculated over the trailing 6-month period | 31.38% | 42.59% | -11.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.73% | 55.64% | -18.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.92% | 65.15% | -21.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.92% | 54.52% | -10.60% |
Dividends
FG vs. SMID - Dividend Comparison
FG's dividend yield for the trailing twelve months is around 3.48%, while SMID has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FG F&G Annuities & Life Inc. | 3.48% | 2.95% | 2.05% | 1.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMID Smith-Midland Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.92% | 0.74% | 0.73% | 0.19% |
Financials
FG vs. SMID - Financials Comparison
This section allows you to compare key financial metrics between F&G Annuities & Life Inc. and Smith-Midland Corporation. 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
FG vs. SMID - Profitability Comparison
FG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, F&G Annuities & Life Inc. reported a gross profit of 0.00 and revenue of 1.19B. Therefore, the gross margin over that period was 0.0%.
SMID - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a gross profit of 5.52M and revenue of 23.11M. Therefore, the gross margin over that period was 23.9%.
FG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, F&G Annuities & Life Inc. reported an operating income of 0.00 and revenue of 1.19B, resulting in an operating margin of 0.0%.
SMID - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported an operating income of 3.24M and revenue of 23.11M, resulting in an operating margin of 14.0%.
FG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, F&G Annuities & Life Inc. reported a net income of 244.00M and revenue of 1.19B, resulting in a net margin of 20.6%.
SMID - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a net income of 2.13M and revenue of 23.11M, resulting in a net margin of 9.2%.
Frequently Asked Questions
FG and SMID have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMID has higher volatility (22.53%) compared to FG (10.86%). In terms of maximum drawdown, FG dropped -56.24% vs SMID's -72.37%.
SMID currently has the higher Sharpe Ratio (-0.04 vs -0.28), 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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