SMID vs. FG

Last updated Jun 3, 2026

SMID (Smith-Midland Corporation) and FG (F&G Annuities & Life Inc. ) are both stocks. SMID operates in Building Materials (Basic Materials), while FG operates in Insurance - Life (Financial Services). Over the past 3 years, SMID returned 20.70%/yr vs 11.36%/yr for FG. At a 0.22 correlation, their price movements are largely independent.

Performance

SMID vs. FG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Smith-Midland Corporation (SMID) and F&G Annuities & Life Inc. (FG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMID achieves a -14.12% return, which is significantly lower than FG's -9.91% return.

SMID

• 1D: -3.76%
• 1M: -10.73%
• YTD: -14.12%
• 6M: -9.19%
• 1Y: 10.32%
• 3Y*: 20.70%
• 5Y*: 12.92%
• 10Y*: 28.86%

FG

• 1D: 0.92%
• 1M: -3.88%
• YTD: -9.91%
• 6M: -13.59%
• 1Y: -12.18%
• 3Y*: 11.36%
• 5Y*: —
• 10Y*: —

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

SMID vs. FG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SMID Smith-Midland Corporation	-14.12%	-18.26%	12.56%	92.68%	-7.16%
FG F&G Annuities & Life Inc.	-9.91%	-23.60%	-7.98%	137.11%	4.60%

Correlation

The correlation between SMID and FG is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022	0.22

Fundamentals

EPS SMID : $3.54 FG : $3.85
PE Ratio SMID : 8.83 FG : 7.14
PEG Ratio SMID : 0.04 FG : 0.13
PS Ratio SMID : 1.18 FG : 0.65
Total Revenue (TTM) SMID : $93.45M FG : $5.86B
Gross Profit (TTM) SMID : $26.04M FG : $1.23B
EBITDA (TTM) SMID : $19.01M FG : $1.52B

Return for Risk

SMID vs. FG — Risk / Return Rank

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

SMID

SMID Risk / Return Rank: 44
SMID Sharpe Ratio Rank: 47
SMID Sortino Ratio Rank: 45
SMID Omega Ratio Rank: 44
SMID Calmar Ratio Rank: 42
SMID Martin Ratio Rank: 42

FG

FG Risk / Return Rank: 27
FG Sharpe Ratio Rank: 26
FG Sortino Ratio Rank: 24
FG Omega Ratio Rank: 24
FG Calmar Ratio Rank: 31
FG Martin Ratio Rank: 28

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.

SMID vs. FG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Smith-Midland Corporation (SMID) and F&G Annuities & Life Inc. (FG). 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.

	SMID	FG	Difference
Sharpe ratio Return per unit of total volatility	0.20	-0.34	+0.54
Sortino ratio Return per unit of downside risk	0.65	-0.24	+0.89
Omega ratio Gain probability vs. loss probability	1.08	0.97	+0.11
Calmar ratio Return relative to maximum drawdown	0.09	-0.27	+0.36
Martin ratio Return relative to average drawdown	0.20	-0.65	+0.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMID vs. FG - Sharpe Ratio Comparison

The current SMID Sharpe Ratio is 0.20, which is higher than the FG Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of SMID and FG, 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

	SMID	FG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	-0.34	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.32	+0.15

Drawdowns

SMID vs. FG - Drawdown Comparison

The maximum SMID drawdown since its inception was -72.37%, which is greater than FG's maximum drawdown of -56.24%. Use the drawdown chart below to compare losses from any high point for SMID and FG.

Drawdown Indicators

	SMID	FG	Difference
Max Drawdown Largest peak-to-trough decline	-72.37%	-56.24%	-16.13%
Max Drawdown (1Y) Largest decline over 1 year	-39.29%	-40.92%	+1.63%
Max Drawdown (3Y) Largest decline over 3 years	-48.85%	-56.24%	+7.39%
Max Drawdown (5Y) Largest decline over 5 years	-72.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-72.37%	—	—
Current Drawdown Current decline from peak	-37.62%	-41.22%	+3.60%
Average Drawdown Average peak-to-trough decline	-27.50%	-19.26%	-8.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.07%	17.15%	+0.92%

Volatility

SMID vs. FG - Volatility Comparison

Smith-Midland Corporation (SMID) has a higher volatility of 16.52% compared to F&G Annuities & Life Inc. (FG) at 11.85%. This indicates that SMID's price experiences larger fluctuations and is considered to be riskier than FG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMID	FG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.52%	11.85%	+4.67%
Volatility (6M) Calculated over the trailing 6-month period	39.17%	30.48%	+8.69%
Volatility (1Y) Calculated over the trailing 1-year period	53.11%	35.82%	+17.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.90%	43.38%	+21.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.15%	43.38%	+10.77%

Dividends

SMID vs. FG - Dividend Comparison

SMID has not paid dividends to shareholders, while FG's dividend yield for the trailing twelve months is around 3.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FG F&G Annuities & Life Inc.	3.42%	2.95%	2.05%	1.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMID Smith-Midland Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.92%	0.74%	0.73%	0.19%

Financials

SMID vs. FG - Profitability Comparison

The chart below illustrates the profitability comparison between Smith-Midland Corporation and F&G Annuities & Life Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SMID - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a gross profit of 5.52M and revenue of 23.11M. Therefore, the gross margin over that period was 23.9%.

FG - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, F&G Annuities & Life Inc. reported a gross profit of 0.00 and revenue of 1.19B. Therefore, the gross margin over that period was 0.0%.

SMID - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported an operating income of 3.24M and revenue of 23.11M, resulting in an operating margin of 14.0%.

FG - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, F&G Annuities & Life Inc. reported an operating income of 0.00 and revenue of 1.19B, resulting in an operating margin of 0.0%.

SMID - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Smith-Midland Corporation reported a net income of 2.13M and revenue of 23.11M, resulting in a net margin of 9.2%.

FG - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, F&G Annuities & Life Inc. reported a net income of 244.00M and revenue of 1.19B, resulting in a net margin of 20.6%.

Frequently Asked Questions

Can I hold both SMID and FG in my portfolio?

SMID and FG have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMID or FG?

SMID has higher volatility (16.52%) compared to FG (11.85%). In terms of maximum drawdown, SMID dropped -72.37% vs FG's -56.24%.

Which has better risk-adjusted returns?

SMID currently has the higher Sharpe Ratio (0.20 vs -0.34), 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.