FNF vs. IBMO

Last updated Jun 3, 2026

FNF (Fidelity National Financial, Inc.) is a stock, while IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) is Municipal Bonds fund tracking the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. Over the past 5 years, FNF returned 5.40%/yr vs 0.67%/yr for IBMO. At a 0.07 correlation, their price movements are largely independent.

Performance

FNF vs. IBMO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity National Financial, Inc. (FNF) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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 IBMO's 0.93% 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%

IBMO

• 1D: 0.08%
• 1M: 0.23%
• YTD: 0.93%
• 6M: 1.20%
• 1Y: 2.78%
• 3Y*: 2.97%
• 5Y*: 0.67%
• 10Y*: —

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

FNF vs. IBMO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FNF Fidelity National Financial, Inc.	-14.00%	4.35%	14.02%	42.18%	-21.64%	38.04%	-10.34%	22.03%
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	0.93%	3.11%	1.97%	2.90%	-5.36%	-0.16%	5.48%	4.69%

Correlation

The correlation between FNF and IBMO is 0.07, 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	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.09
Correlation (All Time) Calculated using the full available price history since Apr 5, 2019	0.07

Return for Risk

FNF vs. IBMO — 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

IBMO

IBMO Risk / Return Rank: 87
IBMO Sharpe Ratio Rank: 76
IBMO Sortino Ratio Rank: 88
IBMO Omega Ratio Rank: 84
IBMO Calmar Ratio Rank: 94
IBMO Martin Ratio Rank: 91

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. IBMO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity National Financial, Inc. (FNF) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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	IBMO	Difference
Sharpe ratio Return per unit of total volatility	-0.32	2.53	-2.85
Sortino ratio Return per unit of downside risk	-0.28	4.07	-4.34
Omega ratio Gain probability vs. loss probability	0.97	1.52	-0.55
Calmar ratio Return relative to maximum drawdown	-0.36	7.50	-7.85
Martin ratio Return relative to average drawdown	-0.95	22.31	-23.26
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. IBMO - Sharpe Ratio Comparison

The current FNF Sharpe Ratio is -0.32, which is lower than the IBMO Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FNF and IBMO, 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	IBMO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.32	2.53	-2.85
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.31	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.41	-0.15

Drawdowns

FNF vs. IBMO - Drawdown Comparison

The maximum FNF drawdown since its inception was -72.49%, which is greater than IBMO's maximum drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for FNF and IBMO.

Drawdown Indicators

	FNF	IBMO	Difference
Max Drawdown Largest peak-to-trough decline	-72.49%	-14.77%	-57.72%
Max Drawdown (1Y) Largest decline over 1 year	-24.43%	-0.38%	-24.05%
Max Drawdown (3Y) Largest decline over 3 years	-30.06%	-1.76%	-28.30%
Max Drawdown (5Y) Largest decline over 5 years	-36.69%	-8.86%	-27.83%
Max Drawdown (10Y) Largest decline over 10 years	-56.21%	—	—
Current Drawdown Current decline from peak	-24.92%	0.00%	-24.92%
Average Drawdown Average peak-to-trough decline	-17.12%	-2.33%	-14.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.20%	0.13%	+9.07%

Volatility

FNF vs. IBMO - Volatility Comparison

Fidelity National Financial, Inc. (FNF) has a higher volatility of 6.90% compared to iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) at 0.21%. This indicates that FNF's price experiences larger fluctuations and is considered to be riskier than IBMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FNF	IBMO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	0.21%	+6.69%
Volatility (6M) Calculated over the trailing 6-month period	19.30%	0.84%	+18.46%
Volatility (1Y) Calculated over the trailing 1-year period	25.64%	1.11%	+24.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.05%	2.15%	+23.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.11%	4.52%	+23.59%

Dividends

FNF vs. IBMO - Dividend Comparison

FNF's dividend yield for the trailing twelve months is around 4.32%, more than IBMO's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF	2.39%	2.37%	2.15%	1.65%	0.89%	0.62%	1.03%	1.01%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FNF and IBMO in my portfolio?

FNF and IBMO have a correlation of 0.07, 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 IBMO?

FNF has higher volatility (6.90%) compared to IBMO (0.21%). In terms of maximum drawdown, FNF dropped -72.49% vs IBMO's -14.77%.

Which has better risk-adjusted returns?

IBMO currently has the higher Sharpe Ratio (2.53 vs -0.32), 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.