FINW vs. NBHC
FINW (FinWise Bancorp) and NBHC (National Bank Holdings Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 3 years, FINW returned 16.03%/yr vs 17.45%/yr for NBHC. At a 0.23 correlation, their price movements are largely independent.
Performance
FINW vs. NBHC - Performance Comparison
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Returns By Period
In the year-to-date period, FINW achieves a -21.63% return, which is significantly lower than NBHC's 14.23% return.
FINW
- 1D
- -0.85%
- 1M
- 1.52%
- YTD
- -21.63%
- 6M
- -22.45%
- 1Y
- -0.64%
- 3Y*
- 16.03%
- 5Y*
- —
- 10Y*
- —
NBHC
- 1D
- -0.16%
- 1M
- 2.50%
- YTD
- 14.23%
- 6M
- 10.06%
- 1Y
- 22.88%
- 3Y*
- 17.45%
- 5Y*
- 5.61%
- 10Y*
- 10.43%
FINW vs. NBHC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FINW FinWise Bancorp | -21.63% | 12.27% | 11.67% | 54.54% | -32.85% | 10.32% |
NBHC National Bank Holdings Corporation | 14.23% | -8.94% | 19.11% | -8.81% | -2.16% | -3.00% |
Correlation
The correlation between FINW and NBHC is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2021 | 0.23 |
The correlation between FINW and NBHC shifts across timeframes, from 0.23 (all time) to 0.36 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
FINW:
$1.15
NBHC:
$3.71
FINW:
12.22
NBHC:
11.53
FINW:
1.21
NBHC:
2.04
FINW:
$157.91M
NBHC:
$598.85M
FINW:
$73.09M
NBHC:
$313.20M
FINW:
$19.60M
NBHC:
$128.33M
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Return for Risk
FINW vs. NBHC — Risk / Return Rank
FINW
NBHC
FINW vs. NBHC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FinWise Bancorp (FINW) and National Bank Holdings Corporation (NBHC). 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.
| FINW | NBHC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 1.60 | -1.61 |
| Martin ratioReturn relative to average drawdown | -0.03 | 3.61 | -3.64 |
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Drawdowns
FINW vs. NBHC - Drawdown Comparison
The maximum FINW drawdown since its inception was -63.35%, which is greater than NBHC's maximum drawdown of -48.43%. Use the drawdown chart below to compare losses from any high point for FINW and NBHC.
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Drawdown Indicators
| FINW | NBHC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.35% | -48.43% | -14.92% |
Max Drawdown (1Y)Largest decline over 1 year | -42.29% | -14.41% | -27.88% |
Max Drawdown (3Y)Largest decline over 3 years | -42.29% | -32.94% | -9.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -43.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.43% | — |
Current DrawdownCurrent decline from peak | -37.48% | -12.07% | -25.41% |
Average DrawdownAverage peak-to-trough decline | -36.17% | -13.48% | -22.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.42% | 6.35% | +16.07% |
Volatility
FINW vs. NBHC - Volatility Comparison
FinWise Bancorp (FINW) has a higher volatility of 9.16% compared to National Bank Holdings Corporation (NBHC) at 6.03%. This indicates that FINW's price experiences larger fluctuations and is considered to be riskier than NBHC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FINW | NBHC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.16% | 6.03% | +3.13% |
Volatility (6M)Calculated over the trailing 6-month period | 23.54% | 16.74% | +6.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.20% | 25.90% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.70% | 30.60% | +8.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.70% | 31.39% | +7.31% |
Dividends
FINW vs. NBHC - Dividend Comparison
FINW has not paid dividends to shareholders, while NBHC's dividend yield for the trailing twelve months is around 2.92%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FINW FinWise Bancorp | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NBHC National Bank Holdings Corporation | 2.92% | 3.16% | 2.60% | 2.80% | 2.23% | 1.98% | 2.44% | 2.13% | 1.75% | 1.05% | 0.69% | 0.94% |
Financials
FINW vs. NBHC - Financials Comparison
This section allows you to compare key financial metrics between FinWise Bancorp and National Bank Holdings 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
FINW vs. NBHC - Profitability Comparison
FINW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FinWise Bancorp reported a gross profit of 0.00 and revenue of 33.54M. Therefore, the gross margin over that period was 0.0%.
NBHC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a gross profit of 0.00 and revenue of 159.15M. Therefore, the gross margin over that period was 0.0%.
FINW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FinWise Bancorp reported an operating income of 0.00 and revenue of 33.54M, resulting in an operating margin of 0.0%.
NBHC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported an operating income of 0.00 and revenue of 159.15M, resulting in an operating margin of 0.0%.
FINW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FinWise Bancorp reported a net income of 2.74M and revenue of 33.54M, resulting in a net margin of 8.2%.
NBHC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Bank Holdings Corporation reported a net income of 20.79M and revenue of 159.15M, resulting in a net margin of 13.1%.
Frequently Asked Questions
FINW and NBHC have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FINW has higher volatility (9.16%) compared to NBHC (6.03%). In terms of maximum drawdown, FINW dropped -63.35% vs NBHC's -48.43%.
NBHC currently has the higher Sharpe Ratio (0.89 vs -0.02), 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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