RDN vs. FNMA

Last updated Apr 1, 2026

Compare and contrast key facts about Radian Group Inc. (RDN) and Federal National Mortgage Association (FNMA).

Performance

RDN vs. FNMA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Radian Group Inc. (RDN) and Federal National Mortgage Association (FNMA). The values are adjusted to include any dividend payments, if applicable.

RDN vs. FNMA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RDN Radian Group Inc.	-7.38%	16.90%	14.55%	55.31%	-6.35%	6.97%	-17.20%	53.86%	-20.58%	14.69%
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

Market Cap RDN : $4.57B FNMA : $42.78B
EPS RDN : $4.22 FNMA : $3.67
PE Ratio RDN : 7.84 FNMA : 1.98
PEG Ratio RDN : 0.92 FNMA : 0.00
PS Ratio RDN : 3.66 FNMA : 0.27
Total Revenue (TTM) RDN : $1.25B FNMA : $158.62B
Gross Profit (TTM) RDN : $1.15B FNMA : $0.00
EBITDA (TTM) RDN : $872.38M FNMA : $0.00

Returns By Period

In the year-to-date period, RDN achieves a -7.38% return, which is significantly higher than FNMA's -32.34% return. Over the past 10 years, RDN has underperformed FNMA with an annualized return of 12.47%, while FNMA has yielded a comparatively higher 18.15% annualized return.

RDN

• 1D: -0.03%
• 1M: -4.17%
• YTD: -7.38%
• 6M: -7.30%
• 1Y: 3.04%
• 3Y*: 18.05%
• 5Y*: 10.80%
• 10Y*: 12.47%

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%

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

Return for Risk

RDN vs. FNMA — Risk / Return Rank

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

RDN

RDN Risk / Return Rank: 44
RDN Sharpe Ratio Rank: 46
RDN Sortino Ratio Rank: 38
RDN Omega Ratio Rank: 38
RDN Calmar Ratio Rank: 49
RDN Martin Ratio Rank: 48

FNMA

FNMA Risk / Return Rank: 51
FNMA Sharpe Ratio Rank: 47
FNMA Sortino Ratio Rank: 62
FNMA Omega Ratio Rank: 57
FNMA Calmar Ratio Rank: 45
FNMA Martin Ratio Rank: 45

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.

RDN vs. FNMA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Radian Group Inc. (RDN) 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.

	RDN	FNMA	Difference
Sharpe ratio Return per unit of total volatility	0.12	0.14	-0.02
Sortino ratio Return per unit of downside risk	0.35	1.21	-0.85
Omega ratio Gain probability vs. loss probability	1.04	1.14	-0.09
Calmar ratio Return relative to maximum drawdown	0.27	0.12	+0.15
Martin ratio Return relative to average drawdown	0.56	0.27	+0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDN vs. FNMA - Sharpe Ratio Comparison

The current RDN Sharpe Ratio is 0.12, which is comparable to the FNMA Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of RDN and FNMA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RDN	FNMA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.12	0.14	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.32	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.33	0.22	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.08	+0.03

Correlation

The correlation between RDN and FNMA is 0.23, 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

RDN vs. FNMA - Dividend Comparison

RDN's dividend yield for the trailing twelve months is around 3.08%, while FNMA has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RDN Radian Group Inc.	3.08%	2.83%	3.09%	3.15%	4.20%	2.58%	2.47%	0.04%	0.06%	0.05%	0.06%	0.07%
FNMA Federal National Mortgage Association	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RDN vs. FNMA - Drawdown Comparison

The maximum RDN drawdown since its inception was -98.83%, roughly equal to the maximum FNMA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for RDN and FNMA.

Drawdown Indicators

	RDN	FNMA	Difference
Max Drawdown Largest peak-to-trough decline	-98.83%	-99.74%	+0.91%
Max Drawdown (1Y) Largest decline over 1 year	-14.34%	-69.76%	+55.42%
Max Drawdown (5Y) Largest decline over 5 years	-25.84%	-85.55%	+59.71%
Max Drawdown (10Y) Largest decline over 10 years	-62.80%	-92.13%	+29.33%
Current Drawdown Current decline from peak	-37.95%	-90.09%	+52.14%
Average Drawdown Average peak-to-trough decline	-47.05%	-46.01%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.83%	30.44%	-23.61%

Volatility

RDN vs. FNMA - Volatility Comparison

The current volatility for Radian Group Inc. (RDN) is 4.76%, while Federal National Mortgage Association (FNMA) has a volatility of 50.63%. This indicates that RDN 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.

Volatility by Period

	RDN	FNMA	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	50.63%	-45.87%
Volatility (6M) Calculated over the trailing 6-month period	16.92%	69.43%	-52.51%
Volatility (1Y) Calculated over the trailing 1-year period	25.33%	106.23%	-80.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.86%	91.16%	-65.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.94%	82.50%	-44.56%

Financials

RDN vs. FNMA - Profitability Comparison

The chart below illustrates the profitability comparison between Radian Group Inc. and Federal National Mortgage Association over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

RDN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Radian Group Inc. reported a gross profit of 288.00M and revenue of 301.00M. Therefore, the gross margin over that period was 95.7%.

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%.

RDN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Radian Group Inc. reported an operating income of 201.00M and revenue of 301.00M, resulting in an operating margin of 66.8%.

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%.

RDN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Radian Group Inc. reported a net income of 155.00M and revenue of 301.00M, resulting in a net margin of 51.5%.

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%.