FMCB vs. AGM
FMCB (Farmers & Merchants Bancorp) and AGM (Federal Agricultural Mortgage Corporation) are both stocks. Both are in the Financial Services sector — FMCB in Banks - Regional, AGM in Credit Services. Over the past 10 years, FMCB returned 10.53%/yr vs 22.13%/yr for AGM. At a 0.01 correlation, their price movements are largely independent.
Performance
FMCB vs. AGM - Performance Comparison
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Returns By Period
In the year-to-date period, FMCB achieves a 19.79% return, which is significantly higher than AGM's 17.70% return. Over the past 10 years, FMCB has underperformed AGM with an annualized return of 10.53%, while AGM has yielded a comparatively higher 22.13% annualized return.
FMCB
- 1D
- -0.13%
- 1M
- -0.08%
- 6M
- 18.33%
- YTD
- 19.79%
- 1Y
- 35.01%
- 3Y*
- 13.23%
- 5Y*
- 10.78%
- 10Y*
- 10.53%
AGM
- 1D
- 0.07%
- 1M
- 12.28%
- 6M
- 19.59%
- YTD
- 17.70%
- 1Y
- 18.40%
- 3Y*
- 14.07%
- 5Y*
- 19.85%
- 10Y*
- 22.13%
FMCB vs. AGM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 19.79% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
AGM Federal Agricultural Mortgage Corporation | 17.70% | -7.96% | 6.08% | 74.61% | -5.83% | 72.62% | -6.60% | 43.16% | -20.38% | 39.64% |
Correlation
The correlation between FMCB and AGM is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.01 |
Fundamentals
FMCB:
$913.82M
AGM:
$2.21B
FMCB:
$136.58
AGM:
$26.32
FMCB:
9.66
AGM:
7.70
FMCB:
0.76
AGM:
0.57
FMCB:
2.96
AGM:
1.20
FMCB:
$308.67M
AGM:
$1.35B
FMCB:
$243.83M
AGM:
$295.93M
FMCB:
$131.11M
AGM:
$192.59M
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Return for Risk
FMCB vs. AGM — Risk / Return Rank
FMCB
AGM
FMCB vs. AGM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmers & Merchants Bancorp (FMCB) and Federal Agricultural Mortgage Corporation (AGM). 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.
| FMCB | AGM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.89 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.14 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 0.58 | +3.81 |
| Martin ratioReturn relative to average drawdown | 11.33 | 1.11 | +10.21 |
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Drawdowns
FMCB vs. AGM - Drawdown Comparison
The maximum FMCB drawdown since its inception was -42.00%, smaller than the maximum AGM drawdown of -94.63%. Use the drawdown chart below to compare losses from any high point for FMCB and AGM.
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Drawdown Indicators
| FMCB | AGM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.00% | -94.63% | +52.63% |
Max Drawdown (1Y)Largest decline over 1 year | -8.01% | -31.94% | +23.93% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -32.54% | +18.22% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -32.54% | +15.63% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -53.30% | +28.06% |
Current DrawdownCurrent decline from peak | -5.51% | -0.77% | -4.74% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -27.80% | +18.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 16.56% | -13.46% |
Volatility
FMCB vs. AGM - Volatility Comparison
The current volatility for Farmers & Merchants Bancorp (FMCB) is 4.83%, while Federal Agricultural Mortgage Corporation (AGM) has a volatility of 5.27%. This indicates that FMCB experiences smaller price fluctuations and is considered to be less risky than AGM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCB | AGM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 5.27% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | 25.69% | -11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 30.58% | -11.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 29.84% | -8.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.66% | 34.42% | -13.76% |
Dividends
FMCB vs. AGM - Dividend Comparison
FMCB's dividend yield for the trailing twelve months is around 1.55%, less than AGM's 3.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGM Federal Agricultural Mortgage Corporation | 3.06% | 3.42% | 2.84% | 2.30% | 3.37% | 2.84% | 4.31% | 3.35% | 3.84% | 1.84% | 1.82% | 2.03% |
FMCB Farmers & Merchants Bancorp | 1.55% | 1.74% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% |
Financials
FMCB vs. AGM - Financials Comparison
This section allows you to compare key financial metrics between Farmers & Merchants Bancorp and Federal Agricultural Mortgage 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
FMCB vs. AGM - Profitability Comparison
FMCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Farmers & Merchants Bancorp reported a gross profit of 61.56M and revenue of 76.87M. Therefore, the gross margin over that period was 80.1%.
AGM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Federal Agricultural Mortgage Corporation reported a gross profit of 0.00 and revenue of 415.96M. Therefore, the gross margin over that period was 0.0%.
FMCB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Farmers & Merchants Bancorp reported an operating income of 32.38M and revenue of 76.87M, resulting in an operating margin of 42.1%.
AGM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Federal Agricultural Mortgage Corporation reported an operating income of 0.00 and revenue of 415.96M, resulting in an operating margin of 0.0%.
FMCB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Farmers & Merchants Bancorp reported a net income of 24.07M and revenue of 76.87M, resulting in a net margin of 31.3%.
AGM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Federal Agricultural Mortgage Corporation reported a net income of 51.83M and revenue of 415.96M, resulting in a net margin of 12.5%.
Frequently Asked Questions
FMCB and AGM have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGM has higher volatility (5.27%) compared to FMCB (4.83%). In terms of maximum drawdown, FMCB dropped -42.00% vs AGM's -94.63%.
FMCB currently has the higher Sharpe Ratio (1.82 vs 0.61), 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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