FMCC vs. FNMA
FMCC (Freddie Mac) and FNMA (Federal National Mortgage Association) are both stocks. Both operate in the Mortgage Finance industry within the Financial Services sector. Over the past 10 years, FMCC returned 12.24%/yr vs 12.02%/yr for FNMA. Their correlation of 0.82 suggests significant overlap in exposure.
Performance
FMCC vs. FNMA - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with FMCC having a -42.11% return and FNMA slightly higher at -40.82%. Both investments have delivered pretty close results over the past 10 years, with FMCC having a 12.24% annualized return and FNMA not far behind at 12.02%.
FMCC
- 1D
- -1.84%
- 1M
- -8.42%
- YTD
- -42.11%
- 6M
- -43.67%
- 1Y
- -28.15%
- 3Y*
- 138.59%
- 5Y*
- 33.01%
- 10Y*
- 12.24%
FNMA
- 1D
- -0.16%
- 1M
- -11.63%
- YTD
- -40.82%
- 6M
- -42.48%
- 1Y
- -36.44%
- 3Y*
- 144.96%
- 5Y*
- 33.10%
- 10Y*
- 12.02%
FMCC vs. FNMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCC Freddie Mac | -42.11% | 210.52% | 284.18% | 140.59% | -57.43% | -64.38% | -22.33% | 183.02% | -57.94% | -32.62% |
FNMA Federal National Mortgage Association | -40.82% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
Correlation
The correlation between FMCC and FNMA is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 1989 | 0.83 |
The correlation between FMCC and FNMA shifts across timeframes, from 0.82 (all time) to 0.94 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FMCC:
$4.74
FNMA:
$2.77
FMCC:
1.24
FNMA:
2.29
FMCC:
0.00
FNMA:
0.00
FMCC:
0.14
FNMA:
0.23
FMCC:
$100.04B
FNMA:
$161.03B
FMCC:
$100.04B
FNMA:
$117.99B
FMCC:
$92.03B
FNMA:
$111.39B
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Return for Risk
FMCC vs. FNMA — Risk / Return Rank
FMCC
FNMA
FMCC vs. FNMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Freddie Mac (FMCC) and Federal National Mortgage Association (FNMA). 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.
| FMCC | FNMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 0.99 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.52 | +0.13 |
| Martin ratioReturn relative to average drawdown | -0.72 | -0.95 | +0.23 |
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Drawdowns
FMCC vs. FNMA - Drawdown Comparison
The maximum FMCC drawdown since its inception was -99.81%, roughly equal to the maximum FNMA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for FMCC and FNMA.
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Drawdown Indicators
| FMCC | FNMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.81% | -99.74% | -0.07% |
Max Drawdown (1Y)Largest decline over 1 year | -71.31% | -69.76% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -71.31% | -69.76% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -75.47% | -77.35% | +1.88% |
Max Drawdown (10Y)Largest decline over 10 years | -91.97% | -92.13% | +0.16% |
Current DrawdownCurrent decline from peak | -94.11% | -91.33% | -2.78% |
Average DrawdownAverage peak-to-trough decline | -68.89% | -46.20% | -22.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.35% | 38.43% | +0.92% |
Volatility
FMCC vs. FNMA - Volatility Comparison
The current volatility for Freddie Mac (FMCC) is 14.83%, while Federal National Mortgage Association (FNMA) has a volatility of 17.60%. This indicates that FMCC experiences smaller price fluctuations and is considered to be less risky than FNMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCC | FNMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.83% | 17.60% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 65.51% | 65.89% | -0.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 92.96% | 93.68% | -0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.71% | 92.01% | -5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.78% | 81.90% | -3.12% |
Dividends
FMCC vs. FNMA - Dividend Comparison
Neither FMCC nor FNMA has paid dividends to shareholders.
Financials
FMCC vs. FNMA - Financials Comparison
This section allows you to compare key financial metrics between Freddie Mac and Federal National Mortgage Association. 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
Frequently Asked Questions
With a correlation of 0.94, FMCC and FNMA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FNMA has higher volatility (17.60%) compared to FMCC (14.83%). In terms of maximum drawdown, FMCC dropped -99.81% vs FNMA's -99.74%.
FMCC currently has the higher Sharpe Ratio (-0.30 vs -0.39), 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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