FNMA vs. WMT
FNMA (Federal National Mortgage Association) and WMT (Walmart Inc.) are both stocks. FNMA operates in Mortgage Finance (Financial Services), while WMT operates in Discount Stores (Consumer Defensive). Over the past 10 years, FNMA returned 10.82%/yr vs 19.62%/yr for WMT. At a 0.21 correlation, their price movements are largely independent.
Performance
FNMA vs. WMT - Performance Comparison
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Returns By Period
In the year-to-date period, FNMA achieves a -39.49% return, which is significantly lower than WMT's 7.98% return. Over the past 10 years, FNMA has underperformed WMT with an annualized return of 10.82%, while WMT has yielded a comparatively higher 19.62% annualized return.
FNMA
- 1D
- -3.09%
- 1M
- -17.39%
- YTD
- -39.49%
- 6M
- -43.24%
- 1Y
- -28.49%
- 3Y*
- 143.22%
- 5Y*
- 22.13%
- 10Y*
- 10.82%
WMT
- 1D
- 0.80%
- 1M
- -8.13%
- YTD
- 7.98%
- 6M
- 6.15%
- 1Y
- 23.97%
- 3Y*
- 34.37%
- 5Y*
- 22.47%
- 10Y*
- 19.62%
FNMA vs. WMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNMA Federal National Mortgage Association | -39.49% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
WMT Walmart Inc. | 7.98% | 24.49% | 73.99% | 12.88% | -0.46% | 1.97% | 23.32% | 30.16% | -3.43% | 46.56% |
Correlation
The correlation between FNMA and WMT 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 | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1977 | 0.21 |
The correlation between FNMA and WMT shifts across timeframes, from -0.10 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FNMA:
$38.26B
WMT:
$958.52B
FNMA:
$2.77
WMT:
$2.88
FNMA:
2.34
WMT:
41.62
FNMA:
0.00
WMT:
2.72
FNMA:
0.24
WMT:
1.32
FNMA:
$161.03B
WMT:
$725.31B
FNMA:
$117.99B
WMT:
$181.16B
FNMA:
$111.39B
WMT:
$44.32B
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Return for Risk
FNMA vs. WMT — Risk / Return Rank
FNMA
WMT
FNMA vs. WMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal National Mortgage Association (FNMA) and Walmart Inc. (WMT). 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.
| FNMA | WMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.20 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 1.53 | -1.94 |
| Martin ratioReturn relative to average drawdown | -0.77 | 5.02 | -5.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FNMA | WMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 1.02 | -1.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.24 | 1.04 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | 0.91 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.64 | -0.57 |
Drawdowns
FNMA vs. WMT - Drawdown Comparison
The maximum FNMA drawdown since its inception was -99.74%, which is greater than WMT's maximum drawdown of -77.14%. Use the drawdown chart below to compare losses from any high point for FNMA and WMT.
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Drawdown Indicators
| FNMA | WMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.74% | -77.14% | -22.60% |
Max Drawdown (1Y)Largest decline over 1 year | -69.76% | -15.75% | -54.01% |
Max Drawdown (3Y)Largest decline over 3 years | -69.76% | -21.93% | -47.83% |
Max Drawdown (5Y)Largest decline over 5 years | -85.40% | -25.74% | -59.66% |
Max Drawdown (10Y)Largest decline over 10 years | -92.13% | -25.74% | -66.39% |
Current DrawdownCurrent decline from peak | -91.13% | -10.71% | -80.42% |
Average DrawdownAverage peak-to-trough decline | -46.17% | -14.63% | -31.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.82% | 4.79% | +32.03% |
Volatility
FNMA vs. WMT - Volatility Comparison
Federal National Mortgage Association (FNMA) has a higher volatility of 18.02% compared to Walmart Inc. (WMT) at 10.26%. This indicates that FNMA's price experiences larger fluctuations and is considered to be riskier than WMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMA | WMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.02% | 10.26% | +7.76% |
Volatility (6M)Calculated over the trailing 6-month period | 66.17% | 18.59% | +47.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.62% | 23.72% | +69.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 91.94% | 21.68% | +70.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.94% | 21.73% | +60.21% |
Dividends
FNMA vs. WMT - Dividend Comparison
FNMA has not paid dividends to shareholders, while WMT's dividend yield for the trailing twelve months is around 0.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMA Federal National Mortgage Association | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WMT Walmart Inc. | 0.81% | 0.84% | 0.92% | 1.45% | 1.58% | 1.52% | 1.50% | 1.78% | 2.23% | 2.07% | 2.89% | 3.20% |
Financials
FNMA vs. WMT - Financials Comparison
This section allows you to compare key financial metrics between Federal National Mortgage Association and Walmart 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. WMT - 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%.
WMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a gross profit of 44.69B and revenue of 177.75B. Therefore, the gross margin over that period was 25.1%.
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%.
WMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported an operating income of 7.49B and revenue of 177.75B, resulting in an operating margin of 4.2%.
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%.
WMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Walmart Inc. reported a net income of 5.65B and revenue of 177.75B, resulting in a net margin of 3.2%.
Frequently Asked Questions
FNMA and WMT 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 (18.02%) compared to WMT (10.26%). In terms of maximum drawdown, FNMA dropped -99.74% vs WMT's -77.14%.
WMT currently has the higher Sharpe Ratio (1.02 vs -0.31), 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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