FNMAS vs. GGAL
FNMAS (Federal National Mortgage Association) and GGAL (Grupo Financiero Galicia S.A.) are both stocks. Both are in the Financial Services sector — FNMAS in Mortgage Finance, GGAL in Banks - Regional. Over the past 10 years, FNMAS returned 8.64%/yr vs 8.83%/yr for GGAL. Their 0.13 correlation means their historical movements had little consistent relationship.
Performance
FNMAS vs. GGAL - Performance Comparison
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Returns By Period
In the year-to-date period, FNMAS achieves a -35.33% return, which is significantly lower than GGAL's -5.03% return. Both investments have delivered pretty close results over the past 10 years, with FNMAS having a 8.64% annualized return and GGAL not far ahead at 8.83%.
FNMAS
- 1D
- 1.03%
- 1M
- -6.55%
- 6M
- -24.06%
- YTD
- -35.33%
- 1Y
- -35.26%
- 3Y*
- 66.09%
- 5Y*
- 38.25%
- 10Y*
- 8.64%
- ALL TIME*
- 10.28%
GGAL
- 1D
- -3.57%
- 1M
- -1.19%
- 6M
- -7.04%
- YTD
- -5.03%
- 1Y
- 6.43%
- 3Y*
- 51.94%
- 5Y*
- 52.58%
- 10Y*
- 8.83%
- ALL TIME*
- 5.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.27M | $6.04M | $7.80M | |
| $40.55M | $50.04M | $57.79M |
FNMAS vs. GGAL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNMAS Federal National Mortgage Association | -35.33% | 27.66% | 270.50% | 37.61% | -25.00% | -63.64% | -28.20% | 71.94% | -21.02% | 10.00% |
GGAL Grupo Financiero Galicia S.A. | -5.03% | -11.36% | 289.05% | 92.28% | 8.05% | 8.88% | -45.53% | -40.38% | -57.85% | 145.24% |
Correlation
The correlation between FNMAS and GGAL is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.09 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.13 |
Fundamentals
FNMAS:
$7.74B
GGAL:
$7.99B
FNMAS:
$2.90
GGAL:
ARS 741.16
FNMAS:
3.39
GGAL:
99.96
FNMAS:
0.00
GGAL:
0.91
FNMAS:
0.36
GGAL:
0.66
FNMAS:
$161.49B
GGAL:
ARS 13.01T
FNMAS:
$117.87B
GGAL:
ARS 5.27T
FNMAS:
$176.94B
GGAL:
ARS 306.88B
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Return for Risk
FNMAS vs. GGAL — Risk / Return Rank
FNMAS
GGAL
FNMAS vs. GGAL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Federal National Mortgage Association (FNMAS) and Grupo Financiero Galicia S.A. (GGAL). 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.
| FNMAS | GGAL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -1.81 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.08 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 0.06 | -0.72 |
| Martin ratioReturn relative to average drawdown | -1.25 | 0.13 | -1.39 |
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Drawdowns
FNMAS vs. GGAL - Drawdown Comparison
The maximum FNMAS drawdown since its inception was -89.36%, smaller than the maximum GGAL drawdown of -98.98%. Use the drawdown chart below to compare losses from any high point for FNMAS and GGAL.
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Drawdown Indicators
| FNMAS | GGAL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.36% | -98.98% | +9.62% |
Max Drawdown (1Y)Largest decline over 1 year | -46.67% | -50.03% | +3.36% |
Max Drawdown (3Y)Largest decline over 3 years | -46.67% | -62.94% | +16.27% |
Max Drawdown (5Y)Largest decline over 5 years | -63.55% | -62.94% | -0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -89.36% | -91.70% | +2.34% |
Current DrawdownCurrent decline from peak | -43.94% | -27.35% | -16.59% |
Average DrawdownAverage peak-to-trough decline | -42.61% | -57.20% | +14.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.51% | 23.31% | +1.20% |
Volatility
FNMAS vs. GGAL - Volatility Comparison
The current volatility for Federal National Mortgage Association (FNMAS) is 6.92%, while Grupo Financiero Galicia S.A. (GGAL) has a volatility of 17.30%. This indicates that FNMAS experiences smaller price fluctuations and is considered to be less risky than GGAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNMAS | GGAL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.92% | 17.30% | -10.38% |
Volatility (6M)Calculated over the trailing 6-month period | 32.06% | 38.71% | -6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.79% | 76.28% | -36.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.32% | 58.89% | +0.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.26% | 62.24% | -0.98% |
Dividends
FNMAS vs. GGAL - Dividend Comparison
FNMAS has not paid dividends to shareholders, while GGAL's dividend yield for the trailing twelve months is around 3.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNMAS 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% |
GGAL Grupo Financiero Galicia S.A. | 3.92% | 2.11% | 3.81% | 6.49% | 4.62% | 0.23% | 0.94% | 1.89% | 1.29% | 0.16% | 0.13% | 0.09% |
Financials
FNMAS vs. GGAL - Financials Comparison
This section allows you to compare key financial metrics between Federal National Mortgage Association and Grupo Financiero Galicia S.A.. 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
FNMAS vs. GGAL - Profitability Comparison
FNMAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Federal National Mortgage Association reported a gross profit of 0.00 and revenue of 40.81B. Therefore, the gross margin over that period was 0.0%.
GGAL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Grupo Financiero Galicia S.A. reported a gross profit of 1.11T and revenue of 1.99T. Therefore, the gross margin over that period was 56.0%.
FNMAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Federal National Mortgage Association reported an operating income of 0.00 and revenue of 40.81B, resulting in an operating margin of 0.0%.
GGAL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Grupo Financiero Galicia S.A. reported an operating income of 66.60B and revenue of 1.99T, resulting in an operating margin of 3.4%.
FNMAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Federal National Mortgage Association reported a net income of 6.00B and revenue of 40.81B, resulting in a net margin of 14.7%.
GGAL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Grupo Financiero Galicia S.A. reported a net income of 65.18B and revenue of 1.99T, resulting in a net margin of 3.3%.
Frequently Asked Questions
FNMAS and GGAL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGAL has higher volatility (17.30%) compared to FNMAS (6.92%). In terms of maximum drawdown, FNMAS dropped -89.36% vs GGAL's -98.98%.
GGAL currently has the higher Sharpe Ratio (0.04 vs -0.77), 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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