ICFI vs. BAC

Last updated Jun 3, 2026

ICFI (ICF International, Inc.) and BAC (Bank of America Corporation) are both stocks. ICFI operates in Consulting Services (Industrials), while BAC operates in Banks - Diversified (Financial Services). Over the past 10 years, ICFI returned 5.92%/yr vs 16.29%/yr for BAC. At a 0.32 correlation, their price movements are largely independent.

Performance

ICFI vs. BAC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICF International, Inc. (ICFI) and Bank of America Corporation (BAC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ICFI achieves a -18.17% return, which is significantly lower than BAC's -4.04% return. Over the past 10 years, ICFI has underperformed BAC with an annualized return of 5.92%, while BAC has yielded a comparatively higher 16.29% annualized return.

ICFI

• 1D: -1.75%
• 1M: -5.06%
• YTD: -18.17%
• 6M: -14.33%
• 1Y: -14.48%
• 3Y*: -15.69%
• 5Y*: -4.53%
• 10Y*: 5.92%

BAC

• 1D: 1.88%
• 1M: -1.43%
• YTD: -4.04%
• 6M: -0.26%
• 1Y: 21.73%
• 3Y*: 25.15%
• 5Y*: 6.41%
• 10Y*: 16.29%

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

ICFI vs. BAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICFI ICF International, Inc.	-18.17%	-27.98%	-10.76%	35.99%	-2.87%	38.79%	-18.20%	42.44%	24.39%	-4.89%
BAC Bank of America Corporation	-4.04%	28.04%	33.85%	4.83%	-23.82%	49.61%	-11.63%	46.19%	-15.00%	35.69%

Correlation

The correlation between ICFI and BAC is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Sep 29, 2006	0.32

The correlation between ICFI and BAC shifts across timeframes, from 0.15 (3 years) to 0.32 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ICFI : $1.28B BAC : $389.27B
EPS ICFI : $4.62 BAC : $4.19
PE Ratio ICFI : 15.06 BAC : 12.52
PEG Ratio ICFI : 1.59 BAC : 5.03
PS Ratio ICFI : 0.70 BAC : 2.27
PB Ratio ICFI : 1.24 BAC : 1.41
Total Revenue (TTM) ICFI : $1.82B BAC : $174.85B
Gross Profit (TTM) ICFI : $496.46M BAC : $110.47B
EBITDA (TTM) ICFI : $189.41M BAC : $41.74B

Return for Risk

ICFI vs. BAC — Risk / Return Rank

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

ICFI

ICFI Risk / Return Rank: 22
ICFI Sharpe Ratio Rank: 22
ICFI Sortino Ratio Rank: 21
ICFI Omega Ratio Rank: 22
ICFI Calmar Ratio Rank: 24
ICFI Martin Ratio Rank: 21

BAC

BAC Risk / Return Rank: 66
BAC Sharpe Ratio Rank: 72
BAC Sortino Ratio Rank: 64
BAC Omega Ratio Rank: 62
BAC Calmar Ratio Rank: 64
BAC Martin Ratio Rank: 67

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.

ICFI vs. BAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICF International, Inc. (ICFI) and Bank of America Corporation (BAC). 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.

	ICFI	BAC	Difference
Sharpe ratio Return per unit of total volatility	-0.41	1.02	-1.44
Sortino ratio Return per unit of downside risk	-0.36	1.44	-1.81
Omega ratio Gain probability vs. loss probability	0.96	1.18	-0.23
Calmar ratio Return relative to maximum drawdown	-0.46	1.20	-1.66
Martin ratio Return relative to average drawdown	-0.97	3.13	-4.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICFI vs. BAC - Sharpe Ratio Comparison

The current ICFI Sharpe Ratio is -0.41, which is lower than the BAC Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of ICFI and BAC, 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

	ICFI	BAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	1.02	-1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.15	0.24	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.53	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.20	+0.08

Drawdowns

ICFI vs. BAC - Drawdown Comparison

The maximum ICFI drawdown since its inception was -65.65%, smaller than the maximum BAC drawdown of -93.10%. Use the drawdown chart below to compare losses from any high point for ICFI and BAC.

Drawdown Indicators

	ICFI	BAC	Difference
Max Drawdown Largest peak-to-trough decline	-65.65%	-93.10%	+27.45%
Max Drawdown (1Y) Largest decline over 1 year	-40.22%	-17.93%	-22.29%
Max Drawdown (3Y) Largest decline over 3 years	-65.65%	-27.51%	-38.14%
Max Drawdown (5Y) Largest decline over 5 years	-65.65%	-46.64%	-19.01%
Max Drawdown (10Y) Largest decline over 10 years	-65.65%	-48.95%	-16.70%
Current Drawdown Current decline from peak	-60.06%	-7.81%	-52.25%
Average Drawdown Average peak-to-trough decline	-18.65%	-28.32%	+9.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.95%	6.91%	+12.04%

Volatility

ICFI vs. BAC - Volatility Comparison

ICF International, Inc. (ICFI) has a higher volatility of 14.52% compared to Bank of America Corporation (BAC) at 6.54%. This indicates that ICFI's price experiences larger fluctuations and is considered to be riskier than BAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ICFI	BAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.52%	6.54%	+7.98%
Volatility (6M) Calculated over the trailing 6-month period	29.26%	16.12%	+13.14%
Volatility (1Y) Calculated over the trailing 1-year period	35.45%	21.33%	+14.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.93%	26.85%	+4.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.72%	30.69%	+1.03%

Dividends

ICFI vs. BAC - Dividend Comparison

ICFI's dividend yield for the trailing twelve months is around 0.80%, less than BAC's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAC Bank of America Corporation	2.10%	1.96%	2.28%	2.73%	2.60%	1.75%	2.38%	1.87%	2.19%	1.32%	1.13%	1.19%
ICFI ICF International, Inc.	0.80%	0.66%	0.47%	0.42%	0.57%	0.55%	0.75%	0.61%	0.86%	0.00%	0.00%	0.00%

Financials

ICFI vs. BAC - Profitability Comparison

The chart below illustrates the profitability comparison between ICF International, Inc. and Bank of America Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ICFI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ICF International, Inc. reported a gross profit of 0.00 and revenue of 437.50M. Therefore, the gross margin over that period was 0.0%.

BAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a gross profit of 28.94B and revenue of 30.27B. Therefore, the gross margin over that period was 95.6%.

ICFI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ICF International, Inc. reported an operating income of 34.86M and revenue of 437.50M, resulting in an operating margin of 8.0%.

BAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported an operating income of 10.40B and revenue of 30.27B, resulting in an operating margin of 34.4%.

ICFI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ICF International, Inc. reported a net income of 20.52M and revenue of 437.50M, resulting in a net margin of 4.7%.

BAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bank of America Corporation reported a net income of 8.58B and revenue of 30.27B, resulting in a net margin of 28.4%.

Frequently Asked Questions

Can I hold both ICFI and BAC in my portfolio?

ICFI and BAC 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.

Which is riskier, ICFI or BAC?

ICFI has higher volatility (14.52%) compared to BAC (6.54%). In terms of maximum drawdown, ICFI dropped -65.65% vs BAC's -93.10%.

Which has better risk-adjusted returns?

BAC currently has the higher Sharpe Ratio (1.02 vs -0.41), 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.