MTG vs. FNMA
Compare and contrast key facts about MGIC Investment Corporation (MTG) and Federal National Mortgage Association (FNMA).
Performance
MTG vs. FNMA - Performance Comparison
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MTG vs. FNMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MTG MGIC Investment Corporation | -9.66% | 25.88% | 25.68% | 52.41% | -7.50% | 17.19% | -9.20% | 36.71% | -25.87% | 38.47% |
FNMA Federal National Mortgage Association | -32.34% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
Fundamentals
MTG:
$4.72
FNMA:
$3.67
MTG:
5.56
FNMA:
1.98
MTG:
0.22
FNMA:
0.00
MTG:
3.38
FNMA:
0.27
MTG:
$1.21B
FNMA:
$158.62B
MTG:
$892.08M
FNMA:
$0.00
MTG:
$748.66M
FNMA:
$0.00
Returns By Period
In the year-to-date period, MTG achieves a -9.66% return, which is significantly higher than FNMA's -32.34% return. Over the past 10 years, MTG has underperformed FNMA with an annualized return of 14.76%, while FNMA has yielded a comparatively higher 18.15% annualized return.
MTG
- 1D
- 0.61%
- 1M
- -1.06%
- YTD
- -9.66%
- 6M
- -6.45%
- 1Y
- 8.24%
- 3Y*
- 27.96%
- 5Y*
- 16.49%
- 10Y*
- 14.76%
FNMA
- 1D
- -1.22%
- 1M
- 0.83%
- YTD
- -32.34%
- 6M
- -39.75%
- 1Y
- 14.87%
- 3Y*
- 160.65%
- 5Y*
- 28.90%
- 10Y*
- 18.15%
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Return for Risk
MTG vs. FNMA — Risk / Return Rank
MTG
FNMA
MTG vs. FNMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MGIC Investment Corporation (MTG) and Federal National Mortgage Association (FNMA). 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.
| MTG | FNMA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.33 | 0.14 | +0.19 |
Sortino ratioReturn per unit of downside risk | 0.60 | 1.21 | -0.60 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.14 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.12 | +0.59 |
Martin ratioReturn relative to average drawdown | 1.48 | 0.27 | +1.21 |
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
| MTG | FNMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 0.14 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.32 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.22 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.08 | 0.00 |
Correlation
The correlation between MTG and FNMA is 0.25, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
MTG vs. FNMA - Dividend Comparison
MTG's dividend yield for the trailing twelve months is around 2.21%, while FNMA has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
MTG MGIC Investment Corporation | 2.21% | 1.92% | 2.07% | 2.23% | 2.77% | 1.94% | 1.91% | 0.85% |
FNMA Federal National Mortgage Association | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MTG vs. FNMA - Drawdown Comparison
The maximum MTG drawdown since its inception was -98.86%, roughly equal to the maximum FNMA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for MTG and FNMA.
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Drawdown Indicators
| MTG | FNMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.86% | -99.74% | +0.88% |
Max Drawdown (1Y)Largest decline over 1 year | -13.93% | -69.76% | +55.83% |
Max Drawdown (5Y)Largest decline over 5 years | -30.08% | -85.55% | +55.47% |
Max Drawdown (10Y)Largest decline over 10 years | -68.14% | -92.13% | +23.99% |
Current DrawdownCurrent decline from peak | -58.43% | -90.09% | +31.66% |
Average DrawdownAverage peak-to-trough decline | -52.47% | -46.01% | -6.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 30.44% | -23.75% |
Volatility
MTG vs. FNMA - Volatility Comparison
The current volatility for MGIC Investment Corporation (MTG) is 4.40%, while Federal National Mortgage Association (FNMA) has a volatility of 50.63%. This indicates that MTG experiences smaller price fluctuations and is considered to be less risky than FNMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MTG | FNMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 50.63% | -46.23% |
Volatility (6M)Calculated over the trailing 6-month period | 17.48% | 69.43% | -51.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.09% | 106.23% | -81.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.45% | 91.16% | -65.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | 82.50% | -44.87% |
Financials
MTG vs. FNMA - Financials Comparison
This section allows you to compare key financial metrics between MGIC Investment Corporation and Federal National Mortgage Association. 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
MTG vs. FNMA - Profitability Comparison
MTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MGIC Investment Corporation reported a gross profit of 0.00 and revenue of 298.65M. Therefore, the gross margin over that period was 0.0%.
FNMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Federal National Mortgage Association reported a gross profit of -53.10B and revenue of 104.57B. Therefore, the gross margin over that period was -50.8%.
MTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MGIC Investment Corporation reported an operating income of 0.00 and revenue of 298.65M, resulting in an operating margin of 0.0%.
FNMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Federal National Mortgage Association reported an operating income of -46.37B and revenue of 104.57B, resulting in an operating margin of -44.3%.
MTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MGIC Investment Corporation reported a net income of 169.31M and revenue of 298.65M, resulting in a net margin of 56.7%.
FNMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Federal National Mortgage Association reported a net income of 8.81B and revenue of 104.57B, resulting in a net margin of 8.4%.