FNMA vs. NVR
FNMA (Federal National Mortgage Association) and NVR (NVR, Inc.) are both stocks. FNMA operates in Mortgage Finance (Financial Services), while NVR operates in Residential Construction (Consumer Cyclical). Over the past 10 years, FNMA returned 12.27%/yr vs 14.09%/yr for NVR. At a 0.16 correlation, their price movements are largely independent.
Performance
FNMA vs. NVR - Performance Comparison
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Returns By Period
In the year-to-date period, FNMA achieves a -39.52% return, which is significantly lower than NVR's -12.59% return. Over the past 10 years, FNMA has underperformed NVR with an annualized return of 12.27%, while NVR has yielded a comparatively higher 14.09% annualized return.
FNMA
- 1D
- 2.72%
- 1M
- -16.90%
- YTD
- -39.52%
- 6M
- -39.35%
- 1Y
- -32.56%
- 3Y*
- 145.80%
- 5Y*
- 22.01%
- 10Y*
- 12.27%
NVR
- 1D
- -1.62%
- 1M
- 14.58%
- YTD
- -12.59%
- 6M
- -15.20%
- 1Y
- -11.77%
- 3Y*
- 2.44%
- 5Y*
- 6.42%
- 10Y*
- 14.09%
FNMA vs. NVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNMA Federal National Mortgage Association | -39.52% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
NVR NVR, Inc. | -12.59% | -10.83% | 16.83% | 51.77% | -21.94% | 44.83% | 7.13% | 56.28% | -30.53% | 110.20% |
Correlation
The correlation between FNMA and NVR is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 1987 | 0.16 |
Fundamentals
FNMA:
$38.25B
NVR:
$18.67B
FNMA:
$2.77
NVR:
$408.34
FNMA:
2.34
NVR:
15.61
FNMA:
0.00
NVR:
1.52
FNMA:
0.24
NVR:
2.00
FNMA:
$161.03B
NVR:
$9.66B
FNMA:
$117.99B
NVR:
$2.17B
FNMA:
$111.39B
NVR:
$1.60B
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Return for Risk
FNMA vs. NVR — Risk / Return Rank
FNMA
NVR
FNMA vs. NVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal National Mortgage Association (FNMA) and NVR, Inc. (NVR). 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.
| FNMA | NVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.93 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.39 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.91 | -0.87 | -0.04 |
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Drawdowns
FNMA vs. NVR - Drawdown Comparison
The maximum FNMA drawdown since its inception was -99.74%, roughly equal to the maximum NVR drawdown of -96.72%. Use the drawdown chart below to compare losses from any high point for FNMA and NVR.
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Drawdown Indicators
| FNMA | NVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -96.72% | -3.02% |
Max Drawdown (1Y)Largest decline over 1 year | -69.76% | -34.88% | -34.88% |
Max Drawdown (3Y)Largest decline over 3 years | -69.76% | -43.94% | -25.82% |
Max Drawdown (5Y)Largest decline over 5 years | -84.50% | -43.94% | -40.56% |
Max Drawdown (10Y)Largest decline over 10 years | -92.13% | -46.13% | -46.00% |
Current DrawdownCurrent decline from peak | -91.14% | -35.77% | -55.37% |
Average DrawdownAverage peak-to-trough decline | -46.18% | -24.19% | -21.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.56% | 15.77% | +21.79% |
Volatility
FNMA vs. NVR - Volatility Comparison
Federal National Mortgage Association (FNMA) has a higher volatility of 18.31% compared to NVR, Inc. (NVR) at 7.42%. This indicates that FNMA's price experiences larger fluctuations and is considered to be riskier than NVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMA | NVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.31% | 7.42% | +10.89% |
Volatility (6M)Calculated over the trailing 6-month period | 66.11% | 20.17% | +45.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.38% | 27.34% | +66.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.93% | 27.55% | +64.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.90% | 31.97% | +49.93% |
Dividends
FNMA vs. NVR - Dividend Comparison
Neither FNMA nor NVR has paid dividends to shareholders.
Financials
FNMA vs. NVR - Financials Comparison
This section allows you to compare key financial metrics between Federal National Mortgage Association and NVR, Inc.. 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
FNMA vs. NVR - Profitability Comparison
FNMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a gross profit of 0.00 and revenue of 40.22B. Therefore, the gross margin over that period was 0.0%.
NVR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NVR, Inc. reported a gross profit of 360.34M and revenue of 1.83B. Therefore, the gross margin over that period was 19.6%.
FNMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported an operating income of 0.00 and revenue of 40.22B, resulting in an operating margin of 0.0%.
NVR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NVR, Inc. reported an operating income of 203.37M and revenue of 1.83B, resulting in an operating margin of 11.1%.
FNMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a net income of 5.61B and revenue of 40.22B, resulting in a net margin of 13.9%.
NVR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NVR, Inc. reported a net income of 198.36M and revenue of 1.83B, resulting in a net margin of 10.8%.
Frequently Asked Questions
FNMA and NVR 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.
FNMA has higher volatility (18.31%) compared to NVR (7.42%). In terms of maximum drawdown, FNMA dropped -99.74% vs NVR's -96.72%.
FNMA currently has the higher Sharpe Ratio (-0.37 vs -0.50), 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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