FXNC vs. MBI

Last updated Jun 3, 2026

FXNC (First National Corporation) and MBI (MBIA Inc.) are both stocks. Both are in the Financial Services sector — FXNC in Banks - Regional, MBI in Insurance - Specialty. Over the past 10 years, FXNC returned 13.91%/yr vs 6.56%/yr for MBI. At a 0.06 correlation, their price movements are largely independent.

Performance

FXNC vs. MBI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First National Corporation (FXNC) and MBIA Inc. (MBI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FXNC achieves a 13.15% return, which is significantly higher than MBI's -19.69% return. Over the past 10 years, FXNC has outperformed MBI with an annualized return of 13.91%, while MBI has yielded a comparatively lower 6.56% annualized return.

FXNC

• 1D: 1.44%
• 1M: 4.58%
• YTD: 13.15%
• 6M: 17.53%
• 1Y: 45.89%
• 3Y*: 26.17%
• 5Y*: 11.14%
• 10Y*: 13.91%

MBI

• 1D: 1.05%
• 1M: 1.41%
• YTD: -19.69%
• 6M: -20.25%
• 1Y: 30.09%
• 3Y*: 16.58%
• 5Y*: 6.04%
• 10Y*: 6.56%

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

FXNC vs. MBI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXNC First National Corporation	13.15%	12.75%	10.32%	31.50%	-23.30%	39.42%	-18.82%	12.28%	8.87%	41.39%
MBI MBIA Inc.	-19.69%	10.84%	5.56%	9.18%	-18.62%	139.97%	-29.25%	4.26%	21.86%	-31.59%

Correlation

The correlation between FXNC and MBI is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001	0.06

Over the past year, FXNC and MBI have become more correlated (0.29) than their long-term average of 0.06, meaning their price movements have been converging.

Fundamentals

Market Cap FXNC : $255.23M MBI : $286.33M
EPS FXNC : $2.33 MBI : -$3.13
PS Ratio FXNC : 2.77 MBI : 3.17
Total Revenue (TTM) FXNC : $91.94M MBI : $90.00M
Gross Profit (TTM) FXNC : $66.38M MBI : $15.00M
EBITDA (TTM) FXNC : $27.20M MBI : -$13.00M

Return for Risk

FXNC vs. MBI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXNC

FXNC Risk / Return Rank: 87
FXNC Sharpe Ratio Rank: 87
FXNC Sortino Ratio Rank: 88
FXNC Omega Ratio Rank: 85
FXNC Calmar Ratio Rank: 88
FXNC Martin Ratio Rank: 86

MBI

MBI Risk / Return Rank: 59
MBI Sharpe Ratio Rank: 61
MBI Sortino Ratio Rank: 61
MBI Omega Ratio Rank: 58
MBI Calmar Ratio Rank: 60
MBI Martin Ratio Rank: 58

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.

FXNC vs. MBI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First National Corporation (FXNC) and MBIA Inc. (MBI). 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.

	FXNC	MBI	Difference
Sharpe ratio Return per unit of total volatility	2.03	0.62	+1.41
Sortino ratio Return per unit of downside risk	3.03	1.34	+1.70
Omega ratio Gain probability vs. loss probability	1.37	1.16	+0.21
Calmar ratio Return relative to maximum drawdown	4.16	0.97	+3.19
Martin ratio Return relative to average drawdown	9.73	1.80	+7.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXNC vs. MBI - Sharpe Ratio Comparison

The current FXNC Sharpe Ratio is 2.03, which is higher than the MBI Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of FXNC and MBI, 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

	FXNC	MBI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	0.62	+1.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	0.09	+0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.11	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.04	+0.12

Drawdowns

FXNC vs. MBI - Drawdown Comparison

The maximum FXNC drawdown since its inception was -85.21%, smaller than the maximum MBI drawdown of -96.79%. Use the drawdown chart below to compare losses from any high point for FXNC and MBI.

Drawdown Indicators

	FXNC	MBI	Difference
Max Drawdown Largest peak-to-trough decline	-85.21%	-96.79%	+11.58%
Max Drawdown (1Y) Largest decline over 1 year	-10.42%	-31.49%	+21.07%
Max Drawdown (3Y) Largest decline over 3 years	-31.57%	-51.89%	+20.32%
Max Drawdown (5Y) Largest decline over 5 years	-39.91%	-63.58%	+23.67%
Max Drawdown (10Y) Largest decline over 10 years	-42.61%	-63.58%	+20.97%
Current Drawdown Current decline from peak	-3.63%	-81.51%	+77.88%
Average Drawdown Average peak-to-trough decline	-31.69%	-47.96%	+16.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	16.90%	-12.45%

Volatility

FXNC vs. MBI - Volatility Comparison

The current volatility for First National Corporation (FXNC) is 5.63%, while MBIA Inc. (MBI) has a volatility of 17.62%. This indicates that FXNC experiences smaller price fluctuations and is considered to be less risky than MBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXNC	MBI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.63%	17.62%	-11.99%
Volatility (6M) Calculated over the trailing 6-month period	15.93%	31.13%	-15.20%
Volatility (1Y) Calculated over the trailing 1-year period	22.75%	48.48%	-25.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	65.42%	-39.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.04%	57.75%	-30.71%

Dividends

FXNC vs. MBI - Dividend Comparison

FXNC's dividend yield for the trailing twelve months is around 2.36%, while MBI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXNC First National Corporation	2.36%	2.52%	3.32%	2.76%	3.27%	2.09%	2.60%	1.68%	1.03%	0.78%	0.93%	1.12%
MBI MBIA Inc.	0.00%	0.00%	0.00%	130.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both FXNC and MBI in my portfolio?

FXNC and MBI have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FXNC or MBI?

MBI has higher volatility (17.62%) compared to FXNC (5.63%). In terms of maximum drawdown, FXNC dropped -85.21% vs MBI's -96.79%.

Which has better risk-adjusted returns?

FXNC currently has the higher Sharpe Ratio (2.03 vs 0.62), 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.