NBHC vs. FCNCA
NBHC (National Bank Holdings Corporation) and FCNCA (First Citizens BancShares, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, NBHC returned 10.43%/yr vs 24.56%/yr for FCNCA. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
NBHC vs. FCNCA - Performance Comparison
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Returns By Period
In the year-to-date period, NBHC achieves a 14.23% return, which is significantly higher than FCNCA's -2.65% return. Over the past 10 years, NBHC has underperformed FCNCA with an annualized return of 10.43%, while FCNCA has yielded a comparatively higher 24.56% annualized return.
NBHC
- 1D
- -0.16%
- 1M
- 2.50%
- YTD
- 14.23%
- 6M
- 10.06%
- 1Y
- 22.88%
- 3Y*
- 17.45%
- 5Y*
- 5.61%
- 10Y*
- 10.43%
FCNCA
- 1D
- 0.65%
- 1M
- 4.80%
- YTD
- -2.65%
- 6M
- -3.58%
- 1Y
- 11.94%
- 3Y*
- 20.40%
- 5Y*
- 20.09%
- 10Y*
- 24.56%
NBHC vs. FCNCA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NBHC National Bank Holdings Corporation | 14.23% | -8.94% | 19.11% | -8.81% | -2.16% | 37.06% | -4.50% | 16.56% | -3.44% | 2.77% |
FCNCA First Citizens BancShares, Inc. | -2.65% | 1.99% | 49.46% | 87.73% | -8.35% | 44.83% | 8.35% | 41.64% | -6.12% | 13.92% |
Correlation
The correlation between NBHC and FCNCA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012 | 0.58 |
The correlation between NBHC and FCNCA shifts across timeframes, from 0.51 (3 years) to 0.61 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
NBHC:
$3.71
FCNCA:
$179.22
NBHC:
11.53
FCNCA:
11.63
NBHC:
2.63
FCNCA:
0.05
NBHC:
2.04
FCNCA:
1.82
NBHC:
$598.85M
FCNCA:
$14.45B
NBHC:
$313.20M
FCNCA:
$9.08B
NBHC:
$128.33M
FCNCA:
$3.47B
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Return for Risk
NBHC vs. FCNCA — Risk / Return Rank
NBHC
FCNCA
NBHC vs. FCNCA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for National Bank Holdings Corporation (NBHC) and First Citizens BancShares, Inc. (FCNCA). 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.
| NBHC | FCNCA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.10 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | 0.50 | +1.10 |
| Martin ratioReturn relative to average drawdown | 3.61 | 1.07 | +2.54 |
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Drawdowns
NBHC vs. FCNCA - Drawdown Comparison
The maximum NBHC drawdown since its inception was -48.43%, smaller than the maximum FCNCA drawdown of -63.51%. Use the drawdown chart below to compare losses from any high point for NBHC and FCNCA.
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Drawdown Indicators
| NBHC | FCNCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.43% | -63.51% | +15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -14.41% | -24.00% | +9.59% |
Max Drawdown (3Y)Largest decline over 3 years | -32.94% | -33.51% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -43.64% | -43.63% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -48.43% | -47.48% | -0.95% |
Current DrawdownCurrent decline from peak | -12.07% | -10.77% | -1.30% |
Average DrawdownAverage peak-to-trough decline | -13.48% | -13.96% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.35% | 11.17% | -4.82% |
Volatility
NBHC vs. FCNCA - Volatility Comparison
The current volatility for National Bank Holdings Corporation (NBHC) is 6.03%, while First Citizens BancShares, Inc. (FCNCA) has a volatility of 7.36%. This indicates that NBHC experiences smaller price fluctuations and is considered to be less risky than FCNCA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NBHC | FCNCA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.03% | 7.36% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 16.74% | 20.07% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.90% | 27.63% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.60% | 41.57% | -10.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.39% | 38.08% | -6.69% |
Dividends
NBHC vs. FCNCA - Dividend Comparison
NBHC's dividend yield for the trailing twelve months is around 2.92%, more than FCNCA's 0.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCNCA First Citizens BancShares, Inc. | 0.40% | 0.37% | 0.33% | 0.27% | 0.28% | 0.23% | 0.29% | 0.30% | 0.38% | 0.31% | 0.34% | 0.46% |
NBHC National Bank Holdings Corporation | 2.92% | 3.16% | 2.60% | 2.80% | 2.23% | 1.98% | 2.44% | 2.13% | 1.75% | 1.05% | 0.69% | 0.94% |
Financials
NBHC vs. FCNCA - Financials Comparison
This section allows you to compare key financial metrics between National Bank Holdings Corporation and First Citizens BancShares, 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
NBHC vs. FCNCA - Profitability Comparison
NBHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a gross profit of 0.00 and revenue of 159.15M. Therefore, the gross margin over that period was 0.0%.
FCNCA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a gross profit of 2.31B and revenue of 3.48B. Therefore, the gross margin over that period was 66.5%.
NBHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported an operating income of 0.00 and revenue of 159.15M, resulting in an operating margin of 0.0%.
FCNCA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported an operating income of 705.00M and revenue of 3.48B, resulting in an operating margin of 20.3%.
NBHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a net income of 20.79M and revenue of 159.15M, resulting in a net margin of 13.1%.
FCNCA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Citizens BancShares, Inc. reported a net income of 534.00M and revenue of 3.48B, resulting in a net margin of 15.4%.
Frequently Asked Questions
NBHC and FCNCA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FCNCA has higher volatility (7.36%) compared to NBHC (6.03%). In terms of maximum drawdown, NBHC dropped -48.43% vs FCNCA's -63.51%.
NBHC currently has the higher Sharpe Ratio (0.89 vs 0.43), 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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