PPG vs. FMCB
PPG (PPG Industries, Inc.) and FMCB (Farmers & Merchants Bancorp) are both stocks. PPG operates in Specialty Chemicals (Basic Materials), while FMCB operates in Banks - Regional (Financial Services). Over the past 10 years, PPG returned 2.54%/yr vs 11.23%/yr for FMCB. Their 0.01 correlation means their historical movements had little consistent relationship.
Performance
PPG vs. FMCB - Performance Comparison
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Returns By Period
In the year-to-date period, PPG achieves a 9.19% return, which is significantly lower than FMCB's 25.69% return. Over the past 10 years, PPG has underperformed FMCB with an annualized return of 2.54%, while FMCB has yielded a comparatively higher 11.23% annualized return.
PPG
- 1D
- -1.35%
- 1M
- -9.86%
- 6M
- -3.24%
- YTD
- 9.19%
- 1Y
- 7.55%
- 3Y*
- -6.66%
- 5Y*
- -5.60%
- 10Y*
- 2.54%
- ALL TIME*
- 10.57%
FMCB
- 1D
- 1.09%
- 1M
- 6.54%
- 6M
- 21.46%
- YTD
- 25.69%
- 1Y
- 34.29%
- 3Y*
- 14.66%
- 5Y*
- 11.66%
- 10Y*
- 11.23%
- ALL TIME*
- 11.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $78.90K | $84.14K | $115.52K | |
| $272.65M | $243.41M | $226.30M |
PPG vs. FMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPG PPG Industries, Inc. | 9.19% | -11.96% | -18.46% | 21.19% | -25.71% | 21.28% | 10.08% | 32.81% | -11.00% | 25.24% |
FMCB Farmers & Merchants Bancorp | 25.69% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
Correlation
The correlation between PPG and FMCB is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.01 |
The correlation between PPG and FMCB shifts across timeframes, from 0.01 (all time) to 0.11 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
PPG:
$24.57B
FMCB:
$958.82M
PPG:
$6.98
FMCB:
$136.58
PPG:
15.82
FMCB:
10.14
PPG:
2.11
FMCB:
0.80
PPG:
1.51
FMCB:
3.11
PPG:
$16.42B
FMCB:
$308.67M
PPG:
$3.12B
FMCB:
$243.83M
PPG:
$2.55B
FMCB:
$131.11M
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Return for Risk
PPG vs. FMCB — Risk / Return Rank
PPG
FMCB
PPG vs. FMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PPG Industries, Inc. (PPG) and Farmers & Merchants Bancorp (FMCB). 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.
| PPG | FMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.52 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.35 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.30 | 4.30 | -4.00 |
| Martin ratioReturn relative to average drawdown | 0.63 | 10.81 | -10.17 |
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Drawdowns
PPG vs. FMCB - Drawdown Comparison
The maximum PPG drawdown since its inception was -63.02%, which is greater than FMCB's maximum drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for PPG and FMCB.
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Drawdown Indicators
| PPG | FMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.02% | -42.00% | -21.02% |
Max Drawdown (1Y)Largest decline over 1 year | -25.68% | -8.01% | -17.67% |
Max Drawdown (3Y)Largest decline over 3 years | -37.41% | -14.32% | -23.09% |
Max Drawdown (5Y)Largest decline over 5 years | -43.55% | -16.91% | -26.64% |
Max Drawdown (10Y)Largest decline over 10 years | -46.02% | -25.24% | -20.78% |
Current DrawdownCurrent decline from peak | -32.76% | -0.85% | -31.91% |
Average DrawdownAverage peak-to-trough decline | -13.31% | -9.60% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.92% | 3.18% | +8.74% |
Volatility
PPG vs. FMCB - Volatility Comparison
PPG Industries, Inc. (PPG) has a higher volatility of 11.17% compared to Farmers & Merchants Bancorp (FMCB) at 4.51%. This indicates that PPG's price experiences larger fluctuations and is considered to be riskier than FMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPG | FMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.17% | 4.51% | +6.66% |
Volatility (6M)Calculated over the trailing 6-month period | 25.56% | 14.50% | +11.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.04% | 19.56% | +10.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.01% | 20.89% | +7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.56% | 20.62% | +6.94% |
Dividends
PPG vs. FMCB - Dividend Comparison
PPG's dividend yield for the trailing twelve months is around 2.57%, more than FMCB's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 1.48% | 1.74% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% |
PPG PPG Industries, Inc. | 2.57% | 2.71% | 2.23% | 1.70% | 1.92% | 1.31% | 1.46% | 1.48% | 1.82% | 1.46% | 1.65% | 1.43% |
Financials
PPG vs. FMCB - Financials Comparison
This section allows you to compare key financial metrics between PPG Industries, Inc. and Farmers & Merchants Bancorp. 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
PPG vs. FMCB - Profitability Comparison
PPG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, PPG Industries, Inc. reported a gross profit of -1.66B and revenue of 4.50B. Therefore, the gross margin over that period was -36.8%.
FMCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Farmers & Merchants Bancorp reported a gross profit of 61.56M and revenue of 76.87M. Therefore, the gross margin over that period was 80.1%.
PPG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, PPG Industries, Inc. reported an operating income of 302.00M and revenue of 4.50B, resulting in an operating margin of 6.7%.
FMCB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Farmers & Merchants Bancorp reported an operating income of 32.38M and revenue of 76.87M, resulting in an operating margin of 42.1%.
PPG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, PPG Industries, Inc. reported a net income of 437.00M and revenue of 4.50B, resulting in a net margin of 9.7%.
FMCB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Farmers & Merchants Bancorp reported a net income of 24.07M and revenue of 76.87M, resulting in a net margin of 31.3%.
Frequently Asked Questions
PPG and FMCB have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PPG has higher volatility (11.17%) compared to FMCB (4.51%). In terms of maximum drawdown, PPG dropped -63.02% vs FMCB's -42.00%.
FMCB currently has the higher Sharpe Ratio (1.77 vs 0.25), 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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