DGICA vs. NWE
DGICA (Donegal Group Inc.) and NWE (NorthWestern Corporation) are both stocks. DGICA operates in Insurance - Property & Casualty (Financial Services), while NWE operates in Utilities - Diversified (Utilities). Over the past 10 years, DGICA returned 4.71%/yr vs 5.81%/yr for NWE. At a 0.34 correlation, their price movements are largely independent.
Performance
DGICA vs. NWE - Performance Comparison
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Returns By Period
In the year-to-date period, DGICA achieves a -15.44% return, which is significantly lower than NWE's 8.24% return. Over the past 10 years, DGICA has underperformed NWE with an annualized return of 4.71%, while NWE has yielded a comparatively higher 5.81% annualized return.
DGICA
- 1D
- -2.59%
- 1M
- 1.35%
- YTD
- -15.44%
- 6M
- -15.23%
- 1Y
- -13.52%
- 3Y*
- 8.13%
- 5Y*
- 6.16%
- 10Y*
- 4.71%
NWE
- 1D
- -0.92%
- 1M
- -3.85%
- YTD
- 8.24%
- 6M
- 5.73%
- 1Y
- 34.06%
- 3Y*
- 11.42%
- 5Y*
- 6.43%
- 10Y*
- 5.81%
DGICA vs. NWE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DGICA Donegal Group Inc. | -15.44% | 34.64% | 15.93% | 3.15% | 4.02% | 6.02% | -1.12% | 13.19% | -17.96% | 2.46% |
NWE NorthWestern Corporation | 8.24% | 26.40% | 10.51% | -10.12% | 8.49% | 2.10% | -15.15% | 24.50% | 3.52% | 8.74% |
Correlation
The correlation between DGICA and NWE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007 | 0.34 |
Fundamentals
DGICA:
$528.09M
NWE:
$4.25B
DGICA:
$2.00
NWE:
$2.72
DGICA:
8.26
NWE:
25.42
DGICA:
0.56
NWE:
2.59
DGICA:
0.81
NWE:
1.46
DGICA:
$969.21M
NWE:
$1.64B
DGICA:
$187.36M
NWE:
$1.15B
DGICA:
$83.63M
NWE:
$510.42M
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Return for Risk
DGICA vs. NWE — Risk / Return Rank
DGICA
NWE
DGICA vs. NWE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Donegal Group Inc. (DGICA) and NorthWestern Corporation (NWE). 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.
| DGICA | NWE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.17 | ||
| Sortino ratioReturn per unit of downside risk | -2.99 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.29 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 3.39 | -4.06 |
| Martin ratioReturn relative to average drawdown | -1.25 | 11.34 | -12.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DGICA | NWE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | 1.60 | -2.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.31 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.19 | 0.24 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.39 | -0.17 |
Drawdowns
DGICA vs. NWE - Drawdown Comparison
The maximum DGICA drawdown since its inception was -43.36%, which is greater than NWE's maximum drawdown of -39.34%. Use the drawdown chart below to compare losses from any high point for DGICA and NWE.
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Drawdown Indicators
| DGICA | NWE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.36% | -39.34% | -4.02% |
Max Drawdown (1Y)Largest decline over 1 year | -20.43% | -10.09% | -10.34% |
Max Drawdown (3Y)Largest decline over 3 years | -20.43% | -19.73% | -0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.31% | -21.97% | -0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -30.23% | -39.34% | +9.11% |
Current DrawdownCurrent decline from peak | -19.36% | -5.73% | -13.63% |
Average DrawdownAverage peak-to-trough decline | -14.20% | -10.77% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.82% | 3.14% | +7.68% |
Volatility
DGICA vs. NWE - Volatility Comparison
The current volatility for Donegal Group Inc. (DGICA) is 6.00%, while NorthWestern Corporation (NWE) has a volatility of 6.68%. This indicates that DGICA experiences smaller price fluctuations and is considered to be less risky than NWE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DGICA | NWE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 6.68% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 16.43% | 16.06% | +0.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.82% | 21.39% | +2.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.29% | 21.05% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.41% | 24.72% | +0.69% |
Dividends
DGICA vs. NWE - Dividend Comparison
DGICA's dividend yield for the trailing twelve months is around 4.47%, more than NWE's 3.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGICA Donegal Group Inc. | 4.47% | 3.60% | 4.44% | 4.82% | 4.61% | 4.41% | 4.23% | 3.90% | 4.16% | 3.22% | 3.13% | 3.81% |
NWE NorthWestern Corporation | 3.83% | 4.09% | 4.86% | 5.03% | 4.25% | 4.34% | 4.12% | 3.21% | 3.70% | 3.52% | 3.52% | 3.54% |
Financials
DGICA vs. NWE - Financials Comparison
This section allows you to compare key financial metrics between Donegal Group Inc. and NorthWestern Corporation. 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
DGICA vs. NWE - Profitability Comparison
DGICA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Donegal Group Inc. reported a gross profit of 0.00 and revenue of 236.00M. Therefore, the gross margin over that period was 0.0%.
NWE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NorthWestern Corporation reported a gross profit of 423.03M and revenue of 497.57M. Therefore, the gross margin over that period was 85.0%.
DGICA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Donegal Group Inc. reported an operating income of 14.12M and revenue of 236.00M, resulting in an operating margin of 6.0%.
NWE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NorthWestern Corporation reported an operating income of 114.11M and revenue of 497.57M, resulting in an operating margin of 22.9%.
DGICA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Donegal Group Inc. reported a net income of 11.51M and revenue of 236.00M, resulting in a net margin of 4.9%.
NWE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NorthWestern Corporation reported a net income of 63.46M and revenue of 497.57M, resulting in a net margin of 12.8%.
Frequently Asked Questions
DGICA and NWE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NWE has higher volatility (6.68%) compared to DGICA (6.00%). In terms of maximum drawdown, DGICA dropped -43.36% vs NWE's -39.34%.
NWE currently has the higher Sharpe Ratio (1.60 vs -0.57), 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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