FN vs. FCNCA

Last updated Jun 9, 2026

FN (Fabrinet) and FCNCA (First Citizens BancShares, Inc.) are both stocks. FN operates in Electronic Components (Technology), while FCNCA operates in Banks - Regional (Financial Services). Over the past 10 years, FN returned 32.80%/yr vs 23.90%/yr for FCNCA. At a 0.33 correlation, their price movements are largely independent.

Performance

FN vs. FCNCA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fabrinet (FN) and First Citizens BancShares, Inc. (FCNCA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FN achieves a 36.99% return, which is significantly higher than FCNCA's -3.15% return. Over the past 10 years, FN has outperformed FCNCA with an annualized return of 32.80%, while FCNCA has yielded a comparatively lower 23.90% annualized return.

FN

• 1D: 0.40%
• 1M: 0.39%
• YTD: 36.99%
• 6M: 27.02%
• 1Y: 165.46%
• 3Y*: 76.72%
• 5Y*: 45.90%
• 10Y*: 32.80%

FCNCA

• 1D: -0.04%
• 1M: 6.38%
• YTD: -3.15%
• 6M: 5.50%
• 1Y: 12.21%
• 3Y*: 17.76%
• 5Y*: 19.48%
• 10Y*: 23.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FN vs. FCNCA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FN Fabrinet	36.99%	107.06%	15.53%	48.44%	8.23%	52.69%	19.66%	26.37%	78.78%	-28.78%
FCNCA First Citizens BancShares, Inc.	-3.15%	1.99%	49.46%	87.73%	-8.35%	44.83%	8.35%	41.64%	-6.12%	13.92%

Correlation

The correlation between FN and FCNCA is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jun 28, 2010	0.33

Over the past year, the correlation between FN and FCNCA has dropped to 0.10 - well below their long-term average of 0.33, suggesting their price drivers have been diverging.

Fundamentals

Market Cap FN : $22.59B FCNCA : $24.74B
EPS FN : $11.65 FCNCA : $179.22
PE Ratio FN : 53.55 FCNCA : 11.57
PEG Ratio FN : 2.29 FCNCA : 0.05
PS Ratio FN : 5.32 FCNCA : 1.81
PB Ratio FN : 9.80 FCNCA : 1.22
Total Revenue (TTM) FN : $4.24B FCNCA : $14.45B
Gross Profit (TTM) FN : $509.75M FCNCA : $9.08B
EBITDA (TTM) FN : $422.55M FCNCA : $3.47B

Return for Risk

FN vs. FCNCA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FN

FN Risk / Return Rank: 91
FN Sharpe Ratio Rank: 93
FN Sortino Ratio Rank: 86
FN Omega Ratio Rank: 86
FN Calmar Ratio Rank: 96
FN Martin Ratio Rank: 95

FCNCA

FCNCA Risk / Return Rank: 53
FCNCA Sharpe Ratio Rank: 58
FCNCA Sortino Ratio Rank: 50
FCNCA Omega Ratio Rank: 50
FCNCA Calmar Ratio Rank: 55
FCNCA Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FN vs. FCNCA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) and First Citizens BancShares, Inc. (FCNCA). 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.

	FN	FCNCA	Difference
Sharpe ratio: Return per unit of total volatility	2.50	0.44	+2.06
Sortino ratio: Return per unit of downside risk	2.67	0.75	+1.93
Omega ratio: Gain probability vs. loss probability	1.36	1.10	+0.26
Calmar ratio: Return relative to maximum drawdown	8.10	0.51	+7.59
Martin ratio: Return relative to average drawdown	19.43	1.10	+18.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FN vs. FCNCA - Sharpe Ratio Comparison

The current FN Sharpe Ratio is 2.50, which is higher than the FCNCA Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of FN and FCNCA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FN	FCNCA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	0.44	+2.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.86	0.47	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.63	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.43	+0.16

Drawdowns

FN vs. FCNCA - Drawdown Comparison

The maximum FN drawdown since its inception was -70.46%, which is greater than FCNCA's maximum drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for FN and FCNCA.

Drawdown Indicators

	FN	FCNCA	Difference
Max Drawdown Largest peak-to-trough decline	-70.46%	-63.51%	-6.95%
Max Drawdown (1Y) Largest decline over 1 year	-20.55%	-24.00%	+3.45%
Max Drawdown (3Y) Largest decline over 3 years	-37.47%	-33.51%	-3.96%
Max Drawdown (5Y) Largest decline over 5 years	-38.70%	-43.63%	+4.93%
Max Drawdown (10Y) Largest decline over 10 years	-51.11%	-47.48%	-3.63%
Current Drawdown Current decline from peak	-16.45%	-11.23%	-5.22%
Average Drawdown Average peak-to-trough decline	-22.58%	-13.96%	-8.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.55%	11.14%	-2.59%

Volatility

FN vs. FCNCA - Volatility Comparison

Fabrinet (FN) has a higher volatility of 25.81% compared to First Citizens BancShares, Inc. (FCNCA) at 7.59%. This indicates that FN's price experiences larger fluctuations and is considered to be riskier than FCNCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FN	FCNCA	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.81%	7.59%	+18.22%
Volatility (6M) Calculated over the trailing 6-month period	55.79%	20.44%	+35.35%
Volatility (1Y) Calculated over the trailing 1-year period	66.78%	27.75%	+39.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.58%	41.74%	+11.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.27%	38.11%	+10.16%

Dividends

FN vs. FCNCA - Dividend Comparison

FN has not paid dividends to shareholders, while FCNCA's dividend yield for the trailing twelve months is around 0.40%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FCNCA First Citizens BancShares, Inc.	0.40%	0.37%	0.33%	0.27%	0.28%	0.23%	0.29%	0.30%	0.38%	0.31%	0.34%	0.46%
FN Fabrinet	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

FN vs. FCNCA - Profitability Comparison

The chart below illustrates the profitability comparison between Fabrinet and First Citizens BancShares, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a gross profit of 144.34M and revenue of 1.21B. Therefore, the gross margin over that period was 11.9%.

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%.

FN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported an operating income of 120.04M and revenue of 1.21B, resulting in an operating margin of 9.9%.

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%.

FN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Fabrinet reported a net income of 128.18M and revenue of 1.21B, resulting in a net margin of 10.6%.

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%.

Frequently Asked Questions

Can I hold both FN and FCNCA in my portfolio?

FN and FCNCA have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FN or FCNCA?

FN has higher volatility (25.81%) compared to FCNCA (7.59%). In terms of maximum drawdown, FN dropped -70.46% vs FCNCA's -63.51%.

Which has better risk-adjusted returns?

FN currently has the higher Sharpe Ratio (2.50 vs 0.44), 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.