CATY vs. NMIH
CATY (Cathay General Bancorp) and NMIH (NMI Holdings, Inc.) are both stocks. Both are in the Financial Services sector — CATY in Banks - Regional, NMIH in Insurance - Specialty. Over the past 10 years, CATY returned 11.41%/yr vs 21.53%/yr for NMIH. At a 0.49 correlation, their price movements are largely independent.
Performance
CATY vs. NMIH - Performance Comparison
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Returns By Period
In the year-to-date period, CATY achieves a 25.62% return, which is significantly higher than NMIH's -7.67% return. Over the past 10 years, CATY has underperformed NMIH with an annualized return of 11.41%, while NMIH has yielded a comparatively higher 21.53% annualized return.
CATY
- 1D
- 1.46%
- 1M
- 5.38%
- YTD
- 25.62%
- 6M
- 20.56%
- 1Y
- 42.54%
- 3Y*
- 27.90%
- 5Y*
- 11.92%
- 10Y*
- 11.41%
NMIH
- 1D
- 0.48%
- 1M
- 0.70%
- YTD
- -7.67%
- 6M
- -9.03%
- 1Y
- -7.81%
- 3Y*
- 14.85%
- 5Y*
- 10.46%
- 10Y*
- 21.53%
CATY vs. NMIH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CATY Cathay General Bancorp | 25.62% | 4.64% | 10.34% | 13.49% | -2.11% | 37.74% | -11.64% | 17.48% | -18.47% | 13.40% |
NMIH NMI Holdings, Inc. | -7.67% | 10.96% | 23.85% | 42.01% | -4.35% | -3.53% | -31.74% | 85.88% | 5.00% | 59.62% |
Correlation
The correlation between CATY and NMIH is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.49 |
The correlation between CATY and NMIH has been stable across timeframes, ranging from 0.47 to 0.56 - a consistent structural relationship.
Fundamentals
CATY:
$4.04B
NMIH:
$2.92B
CATY:
$4.84
NMIH:
$1.27K
CATY:
12.38
NMIH:
0.03
CATY:
2.03
NMIH:
0.00
CATY:
2.99
NMIH:
0.02
CATY:
1.35
NMIH:
0.00
CATY:
$1.38B
NMIH:
$184.01B
CATY:
$590.12M
NMIH:
$479.49M
CATY:
$347.76M
NMIH:
$395.48M
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Return for Risk
CATY vs. NMIH — Risk / Return Rank
CATY
NMIH
CATY vs. NMIH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cathay General Bancorp (CATY) and NMI Holdings, Inc. (NMIH). 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.
| CATY | NMIH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.53 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.96 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | -0.43 | +3.90 |
| Martin ratioReturn relative to average drawdown | 8.92 | -0.69 | +9.61 |
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Drawdowns
CATY vs. NMIH - Drawdown Comparison
The maximum CATY drawdown since its inception was -80.65%, which is greater than NMIH's maximum drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for CATY and NMIH.
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Drawdown Indicators
| CATY | NMIH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.65% | -73.07% | -7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -12.33% | -18.08% | +5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -29.73% | -21.42% | -8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -40.11% | -41.78% | +1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -55.71% | -73.07% | +17.36% |
Current DrawdownCurrent decline from peak | -1.69% | -12.72% | +11.03% |
Average DrawdownAverage peak-to-trough decline | -22.97% | -26.75% | +3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 11.37% | -6.59% |
Volatility
CATY vs. NMIH - Volatility Comparison
Cathay General Bancorp (CATY) has a higher volatility of 6.35% compared to NMI Holdings, Inc. (NMIH) at 5.22%. This indicates that CATY's price experiences larger fluctuations and is considered to be riskier than NMIH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CATY | NMIH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.35% | 5.22% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 16.61% | 18.79% | -2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.62% | 24.01% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.38% | 28.73% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.58% | 40.56% | -6.98% |
Dividends
CATY vs. NMIH - Dividend Comparison
CATY's dividend yield for the trailing twelve months is around 2.40%, while NMIH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CATY Cathay General Bancorp | 2.40% | 2.81% | 2.86% | 3.05% | 3.33% | 2.95% | 3.85% | 3.26% | 3.07% | 2.06% | 1.97% | 1.79% |
NMIH NMI Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
CATY vs. NMIH - Financials Comparison
This section allows you to compare key financial metrics between Cathay General Bancorp and NMI Holdings, Inc.. 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
CATY vs. NMIH - Profitability Comparison
CATY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cathay General Bancorp reported a gross profit of 0.00 and revenue of 322.91M. Therefore, the gross margin over that period was 0.0%.
NMIH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NMI Holdings, Inc. reported a gross profit of 0.00 and revenue of 183.48B. Therefore, the gross margin over that period was 0.0%.
CATY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cathay General Bancorp reported an operating income of 7.51M and revenue of 322.91M, resulting in an operating margin of 2.3%.
NMIH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NMI Holdings, Inc. reported an operating income of 0.00 and revenue of 183.48B, resulting in an operating margin of 0.0%.
CATY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cathay General Bancorp reported a net income of 86.89M and revenue of 322.91M, resulting in a net margin of 26.9%.
NMIH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NMI Holdings, Inc. reported a net income of 99.33B and revenue of 183.48B, resulting in a net margin of 54.1%.
Frequently Asked Questions
CATY and NMIH have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CATY has higher volatility (6.35%) compared to NMIH (5.22%). In terms of maximum drawdown, CATY dropped -80.65% vs NMIH's -73.07%.
CATY currently has the higher Sharpe Ratio (1.67 vs -0.33), 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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