FG Communities (FGC)
Market Price (10/5/2026): $7.04 | Market Cap: $42.8 MilSector: Financials | Industry: Asset Management & Custody Banks
FG Communities (FGC)
Market Price (10/5/2026): $7.04Market Cap: $42.8 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 271% Megatrend and thematic driversMegatrends include Sustainable & Green Buildings. Themes include ESG REITs, Energy Efficient Building Materials, and Renewable Integration in Buildings. | Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -88% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -932% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 329% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -541%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -541% High stock price volatilityVol 12M is 166% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 271% |
| Megatrend and thematic driversMegatrends include Sustainable & Green Buildings. Themes include ESG REITs, Energy Efficient Building Materials, and Renewable Integration in Buildings. |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -88% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -22 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -932% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 329% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -541%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -541% |
| High stock price volatilityVol 12M is 166% |
Qualitative Assessment
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FG Communities (FGC) stock has lost about 5% since it went public on 9/28/2026 because of the following key factors:
1. Weak Company Fundamentals and Historic Underperformance.
FG Communities Holdings Inc. reported a substantial year-over-year revenue decline of 97.3% to $242,000 and a net loss of $18.3 million for the twelve months ending September 28, 2026. This financial weakness is underscored by the company's significant underperformance compared to the broader market, with its stock returning -74.5% against a +16.9% return for the S&P 500 over the same period.
2. Broader Real Estate Investment Trust (REIT) Sector Downturn.
The overall REIT sector experienced a challenging period leading up to and during the specified timeframe. Equity REITs saw their total return fall 6.06% in fiscal Q3 2026, primarily attributed to rising interest rates. Furthermore, small-cap and micro-cap REITs, a category that FG Communities falls into with a market capitalization around $32-33 million, demonstrated particularly poor performance in August 2026.
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FG Communities (FGC) stock has lost about 5% since it went public on 9/28/2026 because of the following key factors:
1. Weak Company Fundamentals and Historic Underperformance.
FG Communities Holdings Inc. reported a substantial year-over-year revenue decline of 97.3% to $242,000 and a net loss of $18.3 million for the twelve months ending September 28, 2026. This financial weakness is underscored by the company's significant underperformance compared to the broader market, with its stock returning -74.5% against a +16.9% return for the S&P 500 over the same period.
2. Broader Real Estate Investment Trust (REIT) Sector Downturn.
The overall REIT sector experienced a challenging period leading up to and during the specified timeframe. Equity REITs saw their total return fall 6.06% in fiscal Q3 2026, primarily attributed to rising interest rates. Furthermore, small-cap and micro-cap REITs, a category that FG Communities falls into with a market capitalization around $32-33 million, demonstrated particularly poor performance in August 2026.
3. Rising Mortgage Rates and Softening Housing Market.
A significant macroeconomic factor impacting real estate-focused companies was the surge in mortgage rates. By September 24, 2026, 30-year mortgage rates reached approximately 7.28%, with daily rates climbing to about 7.6% by September 30, 2026. This led to a cooling housing market characterized by a 4.1% year-over-year decline in pending sales in September 2026, increased price reductions, and reduced buyer activity, thus creating a challenging environment for companies operating in the real estate sector.
4. Investor Uncertainty Following Business Model Pivot and Rebranding.
Effective September 28, 2026, FG Nexus Inc. officially rebranded to FG Communities Holdings Inc. and changed its Nasdaq ticker symbol to FGC. This change reflected a strategic shift from its previous focus on digital assets and merchant banking to primarily owning and operating manufactured housing communities. While the company stated this pivot aims to drive long-term value, such a significant alteration in business focus can introduce investor uncertainty and require time for the market to re-evaluate and appropriately price the company under its new strategic direction, especially within a volatile real estate market.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
6/30/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| FGC | ||
| Market (SPY) | 3.1% | 45.7% |
| Sector (XLF) | -0.2% | -13.0% |
Fundamental Drivers
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Market Drivers
3/31/2026 to 10/4/2026| Return | Correlation | |
|---|---|---|
| FGC | ||
| Market (SPY) | 18.6% | 45.7% |
| Sector (XLF) | 8.7% | -13.0% |
Fundamental Drivers
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Market Drivers
9/30/2025 to 10/4/2026| Return | Correlation | |
|---|---|---|
| FGC | ||
| Market (SPY) | 16.5% | 45.7% |
| Sector (XLF) | 0.5% | -13.0% |
Fundamental Drivers
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Market Drivers
9/30/2023 to 10/4/2026| Return | Correlation | |
|---|---|---|
| FGC | ||
| Market (SPY) | 86.2% | 45.7% |
| Sector (XLF) | 68.3% | -13.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FGC Return | - | - | - | - | - | -17% | -17% |
| Peers Return | 58% | -31% | 3% | 7% | -3% | -3% | 13% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| FGC Win Rate | - | - | - | - | - | 0% | |
| Peers Win Rate | 69% | 33% | 47% | 50% | 42% | 44% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| FGC Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -12% | -39% | -26% | -15% | -18% | -15% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SUI, ELS, UMH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/2/2026 (YTD)
How Low Can It Go
FGC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 80 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -10.7% | -9.5% |
| % Gain to Breakeven | 12.0% | 10.5% |
| Time to Breakeven | 26 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.1% | -6.7% |
| % Gain to Breakeven | 19.1% | 7.1% |
| Time to Breakeven | 270 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -19.7% | -19.2% |
| % Gain to Breakeven | 24.5% | 23.8% |
| Time to Breakeven | 123 days | 105 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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FGC has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -22.3% | -24.5% |
| % Gain to Breakeven | 28.6% | 32.4% |
| Time to Breakeven | 467 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -42.8% | -33.7% |
| % Gain to Breakeven | 74.8% | 50.9% |
| Time to Breakeven | 289 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -21.4% | -12.2% |
| % Gain to Breakeven | 27.3% | 13.9% |
| Time to Breakeven | 272 days | 62 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -26.1% | -17.9% |
| % Gain to Breakeven | 35.3% | 21.8% |
| Time to Breakeven | 162 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.3% | -53.4% |
| % Gain to Breakeven | 359.8% | 114.4% |
| Time to Breakeven | 2329 days | 1085 days |
In The Past
State Street Financial Select Sector SPDR ETF's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About FG Communities (FGC)
FG Communities (FGC) functions as a holding company with a dual focus on reinsurance and investment management. The company strategically operates across two main business segments to generate revenue and foster growth for its stakeholders.
Its primary offerings include specialty property and casualty reinsurance products and services, addressing specific segments within the broader insurance market. Additionally, FGC manages a special purpose acquisition company (SPAC) platform. Through this platform, the company delivers crucial strategic, administrative, and regulatory support to newly formed SPACs, for which it charges a recurring monthly fee.
FGC's customer base includes entities within the reinsurance sector seeking specialized coverage, as well as new SPACs requiring comprehensive operational and compliance assistance. Originally incorporated in 2012 and formerly known as 1347 Property Insurance Holdings, Inc., the company changed its name to FG Financial Group, Inc. in December 2020. It is headquartered in St. Petersburg, Florida.
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Imagine a smaller, more specialized version of **Berkshire Hathaway**, focused on niche property & casualty reinsurance and managing investments.
Alternatively, think of it as a specialized **venture capital firm** that builds and supports 'blank-check' companies (SPACs) designed to acquire private businesses and take them public.
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- Specialty Property and Casualty Reinsurance: The company offers products and services that provide specialty property and casualty reinsurance.
- SPAC Platform Services: It operates a platform providing strategic, administrative, and regulatory support services to newly formed Special Purpose Acquisition Companies (SPACs) for a monthly fee.
- Investment Management: As a holding company, it engages in investment management activities.
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The company described, FG Financial Group, Inc. (symbol: FGC), operates primarily as a business-to-business entity.
Its major customers fall into the following categories:
- Insurance Companies: These are the customers for its specialty property and casualty reinsurance products and services. Reinsurance is sold to other insurance companies to help them manage risk.
- Special Purpose Acquisition Companies (SPACs): These are the customers for its SPAC platform, which provides strategic, administrative, and regulatory support services to newly formed SPACs.
Specific names of customer companies are not publicly disclosed in the provided company description, as its services are generally provided to a range of entities within these industries rather than being concentrated with a few publicly named clients.
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D. Kyle Cerminara Chairman and Chief Executive Officer
D. Kyle Cerminara is the Chairman and Chief Executive Officer of FG Communities Holdings Inc.. He is also a Co-founder of FG Communities. He has over 25 years of financial services experience, encompassing investment management, insurance, and investment banking. Mr. Cerminara is also the Co-Founder & CEO of Fundamental Global and has held executive and/or director roles at several other public companies. He was recognized by Institutional Investor Magazine as "Best of the Buy Side" for the financial services sector in 2006. Prior to the name change, Mr. Cerminara served as the Chairman and CEO of FG Nexus, which became FG Communities Holdings Inc. in September 2026. He also serves as President and Chairman of the privately held FG Communities, Inc., which operates manufactured housing communities.
Mark D. Roberson Chief Financial Officer
Mark D. Roberson serves as the Chief Financial Officer of FG Communities Holdings Inc.. He was listed as the Chief Financial Officer who signed the Form 8-K filing for FG Nexus Inc. prior to its name change to FG Communities Holdings Inc..
Michael Anise CEO & Co-founder
Michael Anise is the CEO and Co-founder of FG Communities. He possesses over 25 years of experience in financial services, including expertise in manufactured housing investing, business banking, and public company financial leadership. Mr. Anise previously served as President, CFO, COO, and a board member of Manufactured Housing Properties Inc. (MHPC), a company that owned and operated manufactured housing communities. His past financial leadership experience also includes roles as CFO of Crossroads Financial and CFO of Comprehensive Financial Solutions.
Joe Moglia Co-founder
Joe Moglia is a Co-founder of FG Communities. He is well-known for his prior role as Chairman and CEO of TD Ameritrade. During his tenure, he significantly grew TD Ameritrade's market capitalization from $700 million to over $20 billion, eventually selling the company to Charles Schwab. Before his time at TD Ameritrade, Mr. Moglia was an executive at Merrill Lynch, where he became the firm's No. 1 producer globally by 1988.
Todd R. Major Chief Accounting Officer
Todd R. Major holds the position of Chief Accounting Officer at FG Communities Holdings Inc..
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FG Communities Holdings Inc. (FGC) is positioned for future revenue growth over the next 2-3 years, driven by several strategic initiatives across its diverse business segments. The company, which recently changed its name from FG Nexus Inc. in September 2026, operates a digital asset treasury, provides merchant banking services, and owns and manages manufactured housing communities.
Here are 3-5 expected drivers of future revenue growth for FG Communities:
- Expansion of Manufactured Housing Communities Portfolio: FG Communities Inc. is actively expanding its portfolio of manufactured housing communities. The company currently manages a growing portfolio of 27 communities with approximately 693 home sites, which are either owned or under contract to be acquired. It maintains a "robust pipeline of potential acquisitions" with the aim of becoming one of the largest owners in the nation, indicating a continued focus on increasing its real estate holdings and the associated rental and operational income. Recent acquisitions in North Carolina further demonstrate this ongoing expansion strategy.
- Commercialization and Expansion of Real-World Asset Tokenization: The company operates a digital asset treasury that focuses on Ethereum (ETH) and the tokenization of real-world assets. FG Communities Holdings Inc. aims to commercialize and expand the tokenization of various asset classes, including housing, reinsurance, and other real estate. As the digital asset and tokenization markets mature, this segment is expected to contribute to revenue growth through new services and investment opportunities.
- Growth in Merchant Banking Services, Particularly SPAC Support: FG Communities Holdings Inc. provides merchant banking services, which include offering strategic, administrative, and regulatory support to newly formed Special Purpose Acquisition Companies (SPACs) for a monthly fee. The success and proliferation of new SPAC formations and their subsequent business combinations could drive increased fee income for the company's merchant banking division.
- Operational Improvements and Value Addition to Manufactured Housing Communities: Beyond acquiring new properties, FG Communities Inc. focuses on enhancing the value of its existing and newly acquired manufactured housing communities through professional management and operational improvements. By improving the quality of life for residents and maintaining affordable housing options, the company can optimize occupancy rates and potentially implement strategic rent adjustments, thereby increasing revenue from its real estate assets.
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Share Repurchases
- FG Nexus (the company now known as FG Communities Holdings Inc. or FGC) had repurchased approximately 46% of its common shares outstanding as of September 15, 2026.
Share Issuance
- The company anticipates funding future direct property acquisitions through a combination of cash on hand, debt financing, and proceeds from issuances of its common stock.
Outbound Investments
- FG Nexus (now FG Communities Holdings Inc.) made a $10 million equity investment in FG Communities, Inc., a privately held operator of manufactured housing communities, which closed on September 21, 2026.
- This investment represents approximately 10% of the privately held FG Communities, Inc.'s outstanding common stock.
Capital Expenditures
- FG Communities (the publicly traded entity) has been actively acquiring manufactured housing communities, including an acquisition in Easley, SC, in September 2026.
- In July 2026, the company completed three acquisitions in the Raleigh Metropolitan Statistical Area.
- The company expanded its Asheville portfolio in April 2026 with two acquisitions, bringing the total to seven communities in that area.
Peer Outperformance in Asset Management & Custody Banks
null| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Reinsurance | 6 | 15.9% | 64.6% | 115.6% | SPNT 160% · RNR 142% · RGA 135% |
| Investment Banking & Brokerage | 13 | -3.8% | 100.8% | 100.0% | IBKR 441% · SNEX 231% · HOOD 168% |
| Diversified Banks | 12 | 28.5% | 131.2% | 96.2% | CM 145% · RY 131% · JPM 122% |
| Life & Health Insurance | 20 | 6.1% | 51.5% | 90.5% | JXN 532% · UNM 286% · FG 191% |
| Multi-Sector Holdings | 4 | 3.8% | 52.4% | 74.5% | JONE 361% · BRK-B 81% · VOYA 68% |
| Property & Casualty Insurance | 42 | 3.1% | 71.0% | 60.8% | ASIC 2616900% · HRTG 408% · UVE 305% |
| Multi-line Insurance | 9 | 4.5% | 70.2% | 53.8% | GNW 135% · L 92% · AIZ 82% |
| Regional Banks | 264 | 26.4% | 92.0% | 52.2% | GCBC 319% · ESQ 310% · PBAM 251% |
| Financial Exchanges & Data | 15 | -2.9% | 15.3% | 30.0% | VIRT 182% · CBOE 140% · CME 64% |
| Diversified Financial Services | 4 | -8.4% | 23.4% | 19.4% | FRHC 175% · EQH 95% · TMS -56% |
| Consumer Finance | 30 | -0.7% | 86.0% | 17.9% | ENVA 388% · EZPW 296% · FCFS 159% |
| Insurance Brokers | 16 | -25.2% | -10.1% | 11.7% | LIFE 300% · ARX 88% · CRD-A 62% |
| Asset Management & Custody Banks ← | 83 | -8.0% | 20.3% | 11.4% | WT 356% · VCTR 285% · AAMI 265% |
| Commercial & Residential Mortgage Finance | 14 | -53.1% | 25.2% | 1.0% | FNMA 460% · FMCC 422% · ACT 172% |
| Specialized Finance | 3 | 8.6% | 37.5% | -13.7% | EFC 16% · HASI -14% · CACC -14% |
| Mortgage REITs | 33 | -18.7% | 4.8% | -29.8% | NREF 54% · RITM 33% · DX 22% |
| Transaction & Payment Processing Services | 17 | -4.3% | -7.1% | -45.0% | V 67% · MA 66% · CPAY 51% |
| Diversified Capital Markets | 20 | -36.2% | 14.6% | -58.2% | OPY 180% · LPLA 100% · GOLD 59% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 36.84 |
| Mkt Cap | 11.3 |
| Rev LTM | 884 |
| Op Inc LTM | 231 |
| FCF LTM | 219 |
| FCF 3Y Avg | 219 |
| CFO LTM | 340 |
| CFO 3Y Avg | 345 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.9% |
| Rev Chg 3Y Avg | 6.1% |
| Rev Chg Q | 6.1% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | 2.6% |
| Op Inc Chg 3Y Avg | 11.7% |
| Op Mgn LTM | 18.8% |
| Op Mgn 3Y Avg | 20.7% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 36.3% |
| CFO/Rev 3Y Avg | 38.9% |
| FCF/Rev LTM | 28.2% |
| FCF/Rev 3Y Avg | 30.3% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Digital Assets | 1 | 0 | |||
| Merchant Banking | 1 | 0 | -9 | ||
| Other | 0 | 1 | 26 | 0 | 0 |
| Managed Services | 1 | ||||
| Asset Management | 4 | 5 | |||
| Insurance | 16 | 2 | |||
| Total | 2 | 1 | 17 | 20 | 8 |
| $ Mil | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Insurance | 10 | 5 | -4 | -18 |
| Asset Management | 1 | 4 | 5 | 1 |
| Other | -7 | -7 | -8 | -6 |
| Total | 4 | 1 | -7 | -23 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Digital Assets | 119 | 0 | |||
| Other | 30 | 49 | 3 | 3 | 15 |
| Merchant Banking | 15 | 60 | |||
| Asset Management | 18 | 19 | 11 | ||
| Insurance | 45 | 27 | 15 | ||
| Total | 164 | 109 | 66 | 49 | 41 |
Price Behavior
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -23.77 | 23.96 | 22.90 | -20.10 | -19.38 | -16.45 |
| Up Beta | � | � | � | � | � | � |
| Down Beta | -68.64 | 67.33 | 46.77 | -33.40 | -28.74 | -21.97 |
| Up Capture | 0% | 0% | 0% | 0% | 0% | 0% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 1 | 1 | 1 | 1 | 1 | 1 |
| Down Capture | 195% | 129% | 81% | 46% | 24% | 14% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 1 | 1 | 1 | 1 | 1 | 1 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FGC | |
|---|---|---|---|---|
| FGC | -7.5% | 166.0% | -2.27 | - |
| Sector ETF (XLF) | 1.4% | 14.8% | -0.13 | -13.0% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 45.7% |
| Gold (GLD) | 6.8% | 29.6% | 0.22 | -92.3% |
| Commodities (DBC) | 44.9% | 20.8% | 1.67 | 68.3% |
| Real Estate (VNQ) | 1.5% | 13.6% | -0.15 | -25.9% |
| Bitcoin (BTCUSD) | -28.9% | 44.3% | -0.64 | -8.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FGC | |
|---|---|---|---|---|
| FGC | -1.5% | 166.0% | -2.27 | - |
| Sector ETF (XLF) | 8.7% | 18.3% | 0.34 | -13.0% |
| Equity (SPY) | 13.1% | 17.2% | 0.58 | 45.7% |
| Gold (GLD) | 18.4% | 18.9% | 0.79 | -92.3% |
| Commodities (DBC) | 10.3% | 19.6% | 0.41 | 68.3% |
| Real Estate (VNQ) | 0.7% | 18.8% | -0.07 | -25.9% |
| Bitcoin (BTCUSD) | 14.6% | 52.2% | 0.45 | -8.3% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FGC | |
|---|---|---|---|---|
| FGC | -0.8% | 166.0% | -2.27 | - |
| Sector ETF (XLF) | 12.6% | 22.1% | 0.52 | -13.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 45.7% |
| Gold (GLD) | 11.5% | 16.4% | 0.57 | -92.3% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 68.3% |
| Real Estate (VNQ) | 4.2% | 20.7% | 0.16 | -25.9% |
| Bitcoin (BTCUSD) | 64.1% | 66.2% | 1.04 | -8.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/27/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/12/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/27/2026 | 10-K |
| 09/30/2025 | 11/14/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/20/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/24/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/16/2022 | 10-Q |
| 12/31/2021 | 03/30/2022 | 10-K |
| 09/30/2021 | 11/15/2021 | 10-Q |
| 06/30/2021 | 08/16/2021 | 10-Q |
| 03/31/2021 | 05/14/2021 | 10-Q |
| 12/31/2020 | 03/18/2021 | 10-K |
| 09/30/2020 | 11/16/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 05/14/2020 | 10-Q |
| 12/31/2019 | 03/30/2020 | 10-K |
| 09/30/2019 | 11/14/2019 | 10-Q |
Industry Resources
| Financials Resources |
| Federal Reserve Economic Data |
| Federal Reserve |
| FDIC Data |
| American Banker |
| The Banker |
| Banking Technology |
| Asset Management & Custody Banks Resources |
| Pensions & Investments |
| Institutional Investor |
| Ignites |
External Quote Links
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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