FMCB vs. FNF
FMCB (Farmers & Merchants Bancorp) and FNF (Fidelity National Financial, Inc.) are both stocks. Both are in the Financial Services sector — FMCB in Banks - Regional, FNF in Insurance - Specialty. Over the past 10 years, FMCB returned 10.32%/yr vs 11.54%/yr for FNF. At a 0.03 correlation, their price movements are largely independent.
Performance
FMCB vs. FNF - Performance Comparison
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Returns By Period
In the year-to-date period, FMCB achieves a 18.79% return, which is significantly higher than FNF's -10.21% return. Over the past 10 years, FMCB has underperformed FNF with an annualized return of 10.32%, while FNF has yielded a comparatively higher 11.54% annualized return.
FMCB
- 1D
- 0.33%
- 1M
- 0.32%
- YTD
- 18.79%
- 6M
- 17.33%
- 1Y
- 34.20%
- 3Y*
- 11.95%
- 5Y*
- 10.43%
- 10Y*
- 10.32%
FNF
- 1D
- 2.17%
- 1M
- -0.26%
- YTD
- -10.21%
- 6M
- -10.37%
- 1Y
- -7.53%
- 3Y*
- 18.17%
- 5Y*
- 7.51%
- 10Y*
- 11.54%
FMCB vs. FNF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 18.79% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
FNF Fidelity National Financial, Inc. | -10.21% | 4.35% | 14.02% | 42.18% | -21.64% | 38.04% | -10.34% | 48.75% | -17.22% | 65.53% |
Correlation
The correlation between FMCB and FNF is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Oct 14, 2005 | 0.03 |
The correlation between FMCB and FNF shifts across timeframes, from 0.03 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FMCB:
$891.61M
FNF:
$12.90B
FMCB:
$136.25
FNF:
$2.81
FMCB:
9.61
FNF:
17.07
FMCB:
2.95
FNF:
0.88
FMCB:
1.36
FNF:
1.48
FMCB:
$308.67M
FNF:
$14.81B
FMCB:
$243.83M
FNF:
$7.82B
FMCB:
$131.11M
FNF:
$2.12B
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Return for Risk
FMCB vs. FNF — Risk / Return Rank
FMCB
FNF
FMCB vs. FNF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmers & Merchants Bancorp (FMCB) and Fidelity National Financial, Inc. (FNF). 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 | FNF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 0.97 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 4.79 | -0.31 | +5.10 |
| Martin ratioReturn relative to average drawdown | 12.40 | -0.75 | +13.15 |
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Drawdowns
FMCB vs. FNF - Drawdown Comparison
The maximum FMCB drawdown since its inception was -42.00%, smaller than the maximum FNF drawdown of -72.49%. Use the drawdown chart below to compare losses from any high point for FMCB and FNF.
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Drawdown Indicators
| FMCB | FNF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.00% | -72.49% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -24.43% | +17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -30.06% | +15.74% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -36.69% | +19.78% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -56.21% | +30.97% |
Current DrawdownCurrent decline from peak | -6.30% | -21.61% | +15.31% |
Average DrawdownAverage peak-to-trough decline | -9.62% | -17.13% | +7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 10.05% | -7.28% |
Volatility
FMCB vs. FNF - Volatility Comparison
Farmers & Merchants Bancorp (FMCB) has a higher volatility of 9.50% compared to Fidelity National Financial, Inc. (FNF) at 5.99%. This indicates that FMCB's price experiences larger fluctuations and is considered to be riskier than FNF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCB | FNF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.50% | 5.99% | +3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 14.51% | 19.37% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.91% | 25.94% | -7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.85% | 26.02% | -5.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.66% | 28.12% | -7.46% |
Dividends
FMCB vs. FNF - Dividend Comparison
FMCB's dividend yield for the trailing twelve months is around 1.57%, less than FNF's 4.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 1.57% | 1.74% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% |
FNF Fidelity National Financial, Inc. | 4.26% | 3.60% | 3.46% | 3.59% | 4.57% | 2.99% | 3.45% | 2.78% | 3.82% | 37.01% | 2.59% | 2.31% |
Financials
FMCB vs. FNF - Financials Comparison
This section allows you to compare key financial metrics between Farmers & Merchants Bancorp and Fidelity National Financial, 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
FMCB vs. FNF - Profitability Comparison
FMCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
FNF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fidelity National Financial, Inc. reported a gross profit of 0.00 and revenue of 3.23B. 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 Jun 2026, Farmers & Merchants Bancorp reported an operating income of 32.38M and revenue of 76.87M, resulting in an operating margin of 42.1%.
FNF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fidelity National Financial, Inc. reported an operating income of 0.00 and revenue of 3.23B, 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 Jun 2026, Farmers & Merchants Bancorp reported a net income of 24.07M and revenue of 76.87M, resulting in a net margin of 31.3%.
FNF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fidelity National Financial, Inc. reported a net income of 243.00M and revenue of 3.23B, resulting in a net margin of 7.5%.
Frequently Asked Questions
FMCB and FNF have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMCB has higher volatility (9.50%) compared to FNF (5.99%). In terms of maximum drawdown, FMCB dropped -42.00% vs FNF's -72.49%.
FMCB currently has the higher Sharpe Ratio (1.82 vs -0.29), 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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