FNF vs. FMCB
FNF (Fidelity National Financial, Inc.) and FMCB (Farmers & Merchants Bancorp) are both stocks. Both are in the Financial Services sector — FNF in Insurance - Specialty, FMCB in Banks - Regional. Over the past 10 years, FNF returned 11.30%/yr vs 10.29%/yr for FMCB. At a 0.03 correlation, their price movements are largely independent.
Performance
FNF vs. FMCB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FNF achieves a -12.12% return, which is significantly lower than FMCB's 18.40% return. Over the past 10 years, FNF has outperformed FMCB with an annualized return of 11.30%, while FMCB has yielded a comparatively lower 10.29% annualized return.
FNF
- 1D
- 0.26%
- 1M
- -2.38%
- YTD
- -12.12%
- 6M
- -12.96%
- 1Y
- -7.13%
- 3Y*
- 17.33%
- 5Y*
- 7.35%
- 10Y*
- 11.30%
FMCB
- 1D
- -0.41%
- 1M
- -0.01%
- YTD
- 18.40%
- 6M
- 18.70%
- 1Y
- 33.75%
- 3Y*
- 11.83%
- 5Y*
- 10.49%
- 10Y*
- 10.29%
FNF vs. FMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNF Fidelity National Financial, Inc. | -12.12% | 4.35% | 14.02% | 42.18% | -21.64% | 38.04% | -10.34% | 48.75% | -17.22% | 65.53% |
FMCB Farmers & Merchants Bancorp | 18.40% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
Correlation
The correlation between FNF and FMCB 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 FNF and FMCB shifts across timeframes, from 0.03 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FNF:
$12.63B
FMCB:
$888.70M
FNF:
$2.81
FMCB:
$136.25
FNF:
16.71
FMCB:
9.58
FNF:
0.86
FMCB:
2.94
FNF:
1.45
FMCB:
1.35
FNF:
$14.81B
FMCB:
$308.67M
FNF:
$7.82B
FMCB:
$243.83M
FNF:
$2.12B
FMCB:
$131.11M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FNF vs. FMCB — Risk / Return Rank
FNF
FMCB
FNF vs. FMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity National Financial, Inc. (FNF) and Farmers & Merchants Bancorp (FMCB). 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.
| FNF | FMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.07 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.38 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 4.73 | -5.02 |
| Martin ratioReturn relative to average drawdown | -0.71 | 12.36 | -13.08 |
Loading charts...
Drawdowns
FNF vs. FMCB - Drawdown Comparison
The maximum FNF drawdown since its inception was -72.49%, which is greater than FMCB's maximum drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for FNF and FMCB.
Loading charts...
Drawdown Indicators
| FNF | FMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.49% | -42.00% | -30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -24.43% | -7.17% | -17.26% |
Max Drawdown (3Y)Largest decline over 3 years | -30.06% | -14.32% | -15.74% |
Max Drawdown (5Y)Largest decline over 5 years | -36.69% | -16.91% | -19.78% |
Max Drawdown (10Y)Largest decline over 10 years | -56.21% | -25.24% | -30.97% |
Current DrawdownCurrent decline from peak | -23.28% | -6.60% | -16.68% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -9.63% | -7.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.00% | 2.74% | +7.26% |
Volatility
FNF vs. FMCB - Volatility Comparison
The current volatility for Fidelity National Financial, Inc. (FNF) is 5.55%, while Farmers & Merchants Bancorp (FMCB) has a volatility of 10.13%. This indicates that FNF experiences smaller price fluctuations and is considered to be less risky than FMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FNF | FMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.55% | 10.13% | -4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 19.24% | 14.51% | +4.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.90% | 18.94% | +6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.01% | 20.85% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.13% | 20.67% | +7.46% |
Dividends
FNF vs. FMCB - Dividend Comparison
FNF's dividend yield for the trailing twelve months is around 4.35%, more than FMCB's 1.57% 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. | 4.35% | 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. FMCB - Financials Comparison
This section allows you to compare key financial metrics between Fidelity National Financial, Inc. and Farmers & Merchants Bancorp. 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
FNF vs. FMCB - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
FNF and FMCB 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 (10.13%) compared to FNF (5.55%). In terms of maximum drawdown, FNF dropped -72.49% vs FMCB's -42.00%.
FMCB currently has the higher Sharpe Ratio (1.79 vs -0.28), 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.
Find the right allocation for FNF and FMCB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer