TXRH vs. FNMA
TXRH (Texas Roadhouse, Inc.) and FNMA (Federal National Mortgage Association) are both stocks. TXRH operates in Restaurants (Consumer Cyclical), while FNMA operates in Mortgage Finance (Financial Services). Over the past 10 years, TXRH returned 15.75%/yr vs 12.27%/yr for FNMA. At a 0.15 correlation, their price movements are largely independent.
Performance
TXRH vs. FNMA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TXRH achieves a 2.00% return, which is significantly higher than FNMA's -39.52% return. Over the past 10 years, TXRH has outperformed FNMA with an annualized return of 15.75%, while FNMA has yielded a comparatively lower 12.27% annualized return.
TXRH
- 1D
- 0.10%
- 1M
- -5.28%
- YTD
- 2.00%
- 6M
- 0.64%
- 1Y
- -6.37%
- 3Y*
- 16.67%
- 5Y*
- 13.24%
- 10Y*
- 15.75%
FNMA
- 1D
- 2.72%
- 1M
- -16.90%
- YTD
- -39.52%
- 6M
- -39.35%
- 1Y
- -32.56%
- 3Y*
- 145.80%
- 5Y*
- 22.01%
- 10Y*
- 12.27%
TXRH vs. FNMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TXRH Texas Roadhouse, Inc. | 2.00% | -6.57% | 49.78% | 37.15% | 4.16% | 15.71% | 39.83% | -3.62% | 15.11% | 11.16% |
FNMA Federal National Mortgage Association | -39.52% | 227.13% | 206.54% | 202.77% | -56.90% | -65.69% | -23.40% | 194.34% | -60.00% | -32.05% |
Correlation
The correlation between TXRH and FNMA is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2004 | 0.15 |
The correlation between TXRH and FNMA shifts across timeframes, from 0.01 (1 year) to 0.15 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TXRH:
$11.10B
FNMA:
$38.25B
TXRH:
$6.26
FNMA:
$2.77
TXRH:
26.82
FNMA:
2.34
TXRH:
1.67
FNMA:
0.00
TXRH:
1.84
FNMA:
0.24
TXRH:
$6.06B
FNMA:
$161.03B
TXRH:
$1.14B
FNMA:
$117.99B
TXRH:
$701.29M
FNMA:
$111.39B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TXRH vs. FNMA — Risk / Return Rank
TXRH
FNMA
TXRH vs. FNMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Roadhouse, Inc. (TXRH) 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.
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.
| TXRH | FNMA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.00 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | -0.49 | +0.05 |
| Martin ratioReturn relative to average drawdown | -0.76 | -0.91 | +0.16 |
Loading charts...
Drawdowns
TXRH vs. FNMA - Drawdown Comparison
The maximum TXRH drawdown since its inception was -76.59%, smaller than the maximum FNMA drawdown of -99.74%. Use the drawdown chart below to compare losses from any high point for TXRH and FNMA.
Loading charts...
Drawdown Indicators
| TXRH | FNMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.59% | -99.74% | +23.15% |
Max Drawdown (1Y)Largest decline over 1 year | -19.61% | -69.76% | +50.15% |
Max Drawdown (3Y)Largest decline over 3 years | -24.82% | -69.76% | +44.94% |
Max Drawdown (5Y)Largest decline over 5 years | -30.45% | -84.50% | +54.05% |
Max Drawdown (10Y)Largest decline over 10 years | -58.04% | -92.13% | +34.09% |
Current DrawdownCurrent decline from peak | -15.97% | -91.14% | +75.17% |
Average DrawdownAverage peak-to-trough decline | -16.15% | -46.18% | +30.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.33% | 37.56% | -26.23% |
Volatility
TXRH vs. FNMA - Volatility Comparison
The current volatility for Texas Roadhouse, Inc. (TXRH) is 9.74%, while Federal National Mortgage Association (FNMA) has a volatility of 18.31%. This indicates that TXRH 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.
Loading charts...
Volatility by Period
| TXRH | FNMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 18.31% | -8.57% |
Volatility (6M)Calculated over the trailing 6-month period | 22.59% | 66.11% | -43.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.28% | 93.38% | -64.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.59% | 91.93% | -61.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.61% | 81.90% | -46.29% |
Dividends
TXRH vs. FNMA - Dividend Comparison
TXRH's dividend yield for the trailing twelve months is around 1.70%, while FNMA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TXRH Texas Roadhouse, Inc. | 1.70% | 1.64% | 1.35% | 1.80% | 2.02% | 1.34% | 0.46% | 2.13% | 1.68% | 1.59% | 1.58% | 1.90% |
Financials
TXRH vs. FNMA - Financials Comparison
This section allows you to compare key financial metrics between Texas Roadhouse, Inc. 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
TXRH vs. FNMA - Profitability Comparison
TXRH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Roadhouse, Inc. reported a gross profit of 499.53M and revenue of 1.63B. Therefore, the gross margin over that period was 30.6%.
FNMA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a gross profit of 0.00 and revenue of 40.22B. Therefore, the gross margin over that period was 0.0%.
TXRH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Roadhouse, Inc. reported an operating income of 146.34M and revenue of 1.63B, resulting in an operating margin of 9.0%.
FNMA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported an operating income of 0.00 and revenue of 40.22B, resulting in an operating margin of 0.0%.
TXRH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Roadhouse, Inc. reported a net income of 123.43M and revenue of 1.63B, resulting in a net margin of 7.6%.
FNMA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Federal National Mortgage Association reported a net income of 5.61B and revenue of 40.22B, resulting in a net margin of 13.9%.
Frequently Asked Questions
TXRH and FNMA have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FNMA has higher volatility (18.31%) compared to TXRH (9.74%). In terms of maximum drawdown, TXRH dropped -76.59% vs FNMA's -99.74%.
TXRH currently has the higher Sharpe Ratio (-0.29 vs -0.37), 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.
Find the right allocation for TXRH and FNMA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer