ESNT vs. NTB
ESNT (Essent Group Ltd.) and NTB (The Bank of N.T. Butterfield & Son Limited) are both stocks. Both are in the Financial Services sector — ESNT in Mortgage Finance, NTB in Banks - Diversified. Over the past 5 years, ESNT returned 10.13%/yr vs 19.00%/yr for NTB. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
ESNT vs. NTB - Performance Comparison
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Returns By Period
In the year-to-date period, ESNT achieves a 2.70% return, which is significantly lower than NTB's 25.31% return.
ESNT
- 1D
- -0.75%
- 1M
- 1.71%
- 6M
- 6.11%
- YTD
- 2.70%
- 1Y
- 19.30%
- 3Y*
- 12.25%
- 5Y*
- 10.13%
- 10Y*
- 12.32%
- ALL TIME*
- 10.14%
NTB
- 1D
- -0.71%
- 1M
- 2.71%
- 6M
- 20.52%
- YTD
- 25.31%
- 1Y
- 42.73%
- 3Y*
- 31.99%
- 5Y*
- 19.00%
- 10Y*
- —
- ALL TIME*
- 14.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $29.84M | $34.37M | $48.43M | |
| $10.70M | $9.23M | $11.58M |
ESNT vs. NTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESNT Essent Group Ltd. | 2.70% | 21.95% | 5.23% | 38.60% | -12.76% | 7.06% | -15.53% | 53.00% | -21.28% | 34.14% |
NTB The Bank of N.T. Butterfield & Son Limited | 25.31% | 42.51% | 20.23% | 14.28% | -17.47% | 28.34% | -10.09% | 24.14% | -10.70% | 19.79% |
Correlation
The correlation between ESNT and NTB is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.51 |
The correlation between ESNT and NTB shifts across timeframes, from 0.45 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ESNT:
$6.08B
NTB:
$2.43B
ESNT:
$7.04
NTB:
$5.73
ESNT:
9.37
NTB:
10.70
ESNT:
2.17
NTB:
0.72
ESNT:
4.97
NTB:
3.49
ESNT:
1.10
NTB:
2.16
ESNT:
$1.29B
NTB:
$719.37M
ESNT:
$839.13M
NTB:
$625.15M
ESNT:
$643.27M
NTB:
$271.17M
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Return for Risk
ESNT vs. NTB — Risk / Return Rank
ESNT
NTB
ESNT vs. NTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Essent Group Ltd. (ESNT) and The Bank of N.T. Butterfield & Son Limited (NTB). 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.
| ESNT | NTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.35 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | 3.92 | -2.59 |
| Martin ratioReturn relative to average drawdown | 2.84 | 12.84 | -10.00 |
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Drawdowns
ESNT vs. NTB - Drawdown Comparison
The maximum ESNT drawdown since its inception was -64.72%, smaller than the maximum NTB drawdown of -69.74%. Use the drawdown chart below to compare losses from any high point for ESNT and NTB.
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Drawdown Indicators
| ESNT | NTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.72% | -69.74% | +5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -15.41% | -10.32% | -5.09% |
Max Drawdown (3Y)Largest decline over 3 years | -18.36% | -18.64% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -28.79% | -39.96% | +11.17% |
Max Drawdown (10Y)Largest decline over 10 years | -64.72% | — | — |
Current DrawdownCurrent decline from peak | -3.17% | -1.84% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -13.64% | -18.46% | +4.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.21% | 3.15% | +4.06% |
Volatility
ESNT vs. NTB - Volatility Comparison
Essent Group Ltd. (ESNT) has a higher volatility of 6.69% compared to The Bank of N.T. Butterfield & Son Limited (NTB) at 5.16%. This indicates that ESNT's price experiences larger fluctuations and is considered to be riskier than NTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESNT | NTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.69% | 5.16% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.37% | 13.66% | +3.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.99% | 19.73% | +3.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 28.54% | -3.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.67% | 34.53% | +4.14% |
Dividends
ESNT vs. NTB - Dividend Comparison
ESNT's dividend yield for the trailing twelve months is around 2.00%, less than NTB's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ESNT Essent Group Ltd. | 2.00% | 1.91% | 2.06% | 1.90% | 2.21% | 1.54% | 1.48% | 0.58% | 0.00% | 0.00% | 0.00% |
NTB The Bank of N.T. Butterfield & Son Limited | 3.26% | 3.77% | 4.82% | 5.50% | 5.90% | 4.62% | 5.65% | 4.75% | 4.85% | 3.53% | 0.32% |
Financials
ESNT vs. NTB - Financials Comparison
This section allows you to compare key financial metrics between Essent Group Ltd. and The Bank of N.T. Butterfield & Son Limited. 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
ESNT vs. NTB - Profitability Comparison
ESNT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Essent Group Ltd. reported a gross profit of 0.00 and revenue of 336.07M. Therefore, the gross margin over that period was 0.0%.
NTB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Bank of N.T. Butterfield & Son Limited reported a gross profit of 158.30M and revenue of 159.90M. Therefore, the gross margin over that period was 99.0%.
ESNT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Essent Group Ltd. reported an operating income of 0.00 and revenue of 336.07M, resulting in an operating margin of 0.0%.
NTB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Bank of N.T. Butterfield & Son Limited reported an operating income of 48.50M and revenue of 159.90M, resulting in an operating margin of 30.3%.
ESNT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Essent Group Ltd. reported a net income of 171.80M and revenue of 336.07M, resulting in a net margin of 51.1%.
NTB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Bank of N.T. Butterfield & Son Limited reported a net income of 46.90M and revenue of 159.90M, resulting in a net margin of 29.3%.
Frequently Asked Questions
ESNT and NTB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESNT has higher volatility (6.69%) compared to NTB (5.16%). In terms of maximum drawdown, ESNT dropped -64.72% vs NTB's -69.74%.
NTB currently has the higher Sharpe Ratio (2.05 vs 0.89), 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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