FNF vs. COST

Last updated Jun 3, 2026

FNF (Fidelity National Financial, Inc.) and COST (Costco Wholesale Corporation) are both stocks. FNF operates in Insurance - Specialty (Financial Services), while COST operates in Discount Stores (Consumer Defensive). Over the past 10 years, FNF returned 11.09%/yr vs 22.25%/yr for COST. At a 0.31 correlation, their price movements are largely independent.

Performance

FNF vs. COST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity National Financial, Inc. (FNF) and Costco Wholesale Corporation (COST). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FNF achieves a -14.00% return, which is significantly lower than COST's 10.97% return. Over the past 10 years, FNF has underperformed COST with an annualized return of 11.09%, while COST has yielded a comparatively higher 22.25% annualized return.

FNF

• 1D: 0.04%
• 1M: -10.05%
• YTD: -14.00%
• 6M: -16.04%
• 1Y: -8.20%
• 3Y*: 15.40%
• 5Y*: 5.40%
• 10Y*: 11.09%

COST

• 1D: 0.86%
• 1M: -5.68%
• YTD: 10.97%
• 6M: 3.79%
• 1Y: -9.20%
• 3Y*: 24.67%
• 5Y*: 21.28%
• 10Y*: 22.25%

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

FNF vs. COST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FNF Fidelity National Financial, Inc.	-14.00%	4.35%	14.02%	42.18%	-21.64%	38.04%	-10.34%	48.75%	-17.22%	65.53%
COST Costco Wholesale Corporation	10.97%	-5.39%	39.62%	49.00%	-19.05%	51.82%	32.67%	45.70%	10.60%	22.37%

Correlation

The correlation between FNF and COST is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Oct 17, 2005	0.31

Fundamentals

EPS FNF : $2.81 COST : $26.51
PE Ratio FNF : 16.53 COST : 36.00
PS Ratio FNF : 0.85 COST : 1.08
Total Revenue (TTM) FNF : $14.81B COST : $293.59B
Gross Profit (TTM) FNF : $7.82B COST : $11.12B
EBITDA (TTM) FNF : $2.12B COST : $12.48B

Return for Risk

FNF vs. COST — Risk / Return Rank

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

FNF

FNF Risk / Return Rank: 25
FNF Sharpe Ratio Rank: 27
FNF Sortino Ratio Rank: 24
FNF Omega Ratio Rank: 24
FNF Calmar Ratio Rank: 28
FNF Martin Ratio Rank: 21

COST

COST Risk / Return Rank: 22
COST Sharpe Ratio Rank: 19
COST Sortino Ratio Rank: 18
COST Omega Ratio Rank: 19
COST Calmar Ratio Rank: 27
COST Martin Ratio Rank: 25

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.

FNF vs. COST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity National Financial, Inc. (FNF) and Costco Wholesale Corporation (COST). 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.

	FNF	COST	Difference
Sharpe ratio Return per unit of total volatility	-0.32	-0.48	+0.16
Sortino ratio Return per unit of downside risk	-0.28	-0.56	+0.29
Omega ratio Gain probability vs. loss probability	0.97	0.93	+0.03
Calmar ratio Return relative to maximum drawdown	-0.36	-0.40	+0.04
Martin ratio Return relative to average drawdown	-0.95	-0.78	-0.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FNF vs. COST - Sharpe Ratio Comparison

The current FNF Sharpe Ratio is -0.32, which is higher than the COST Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of FNF and COST, 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

	FNF	COST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	-0.48	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.94	-0.73
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	1.02	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.58	-0.33

Drawdowns

FNF vs. COST - Drawdown Comparison

The maximum FNF drawdown since its inception was -72.49%, which is greater than COST's maximum drawdown of -53.39%. Use the drawdown chart below to compare losses from any high point for FNF and COST.

Drawdown Indicators

	FNF	COST	Difference
Max Drawdown Largest peak-to-trough decline	-72.49%	-53.39%	-19.10%
Max Drawdown (1Y) Largest decline over 1 year	-24.43%	-19.25%	-5.18%
Max Drawdown (3Y) Largest decline over 3 years	-30.06%	-20.74%	-9.32%
Max Drawdown (5Y) Largest decline over 5 years	-36.69%	-31.40%	-5.29%
Max Drawdown (10Y) Largest decline over 10 years	-56.21%	-31.40%	-24.81%
Current Drawdown Current decline from peak	-24.92%	-12.80%	-12.12%
Average Drawdown Average peak-to-trough decline	-17.12%	-13.36%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.20%	9.92%	-0.72%

Volatility

FNF vs. COST - Volatility Comparison

The current volatility for Fidelity National Financial, Inc. (FNF) is 6.90%, while Costco Wholesale Corporation (COST) has a volatility of 7.99%. This indicates that FNF experiences smaller price fluctuations and is considered to be less risky than COST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNF	COST	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	7.99%	-1.09%
Volatility (6M) Calculated over the trailing 6-month period	19.30%	14.81%	+4.49%
Volatility (1Y) Calculated over the trailing 1-year period	25.64%	19.17%	+6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.05%	22.73%	+3.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.11%	21.95%	+6.16%

Dividends

FNF vs. COST - Dividend Comparison

FNF's dividend yield for the trailing twelve months is around 4.32%, more than COST's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COST Costco Wholesale Corporation	0.56%	0.59%	0.49%	2.87%	0.76%	0.54%	3.38%	0.86%	1.08%	4.81%	1.09%	4.06%
FNF Fidelity National Financial, Inc.	4.32%	3.60%	3.46%	3.59%	4.57%	2.99%	3.45%	2.78%	3.82%	37.01%	2.59%	2.31%

Financials

FNF vs. COST - Profitability Comparison

The chart below illustrates the profitability comparison between Fidelity National Financial, Inc. and Costco Wholesale Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

COST - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a gross profit of -17.68B and revenue of 70.53B. Therefore, the gross margin over that period was -25.1%.

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%.

COST - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported an operating income of 2.82B and revenue of 70.53B, resulting in an operating margin of 4.0%.

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%.

COST - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Costco Wholesale Corporation reported a net income of 2.19B and revenue of 70.53B, resulting in a net margin of 3.1%.

Frequently Asked Questions

Can I hold both FNF and COST in my portfolio?

FNF and COST have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FNF or COST?

COST has higher volatility (7.99%) compared to FNF (6.90%). In terms of maximum drawdown, FNF dropped -72.49% vs COST's -53.39%.

Which has better risk-adjusted returns?

FNF currently has the higher Sharpe Ratio (-0.32 vs -0.48), 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.