HRTG vs. BMI
HRTG (Heritage Insurance Holdings, Inc.) and BMI (Badger Meter, Inc.) are both stocks. HRTG operates in Insurance - Property & Casualty (Financial Services), while BMI operates in Electrical Equipment & Parts (Industrials). Over the past 10 years, HRTG returned 7.50%/yr vs 14.99%/yr for BMI. At a 0.25 correlation, their price movements are largely independent.
Performance
HRTG vs. BMI - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with HRTG having a -23.27% return and BMI slightly lower at -24.02%. Over the past 10 years, HRTG has underperformed BMI with an annualized return of 7.50%, while BMI has yielded a comparatively higher 14.99% annualized return.
HRTG
- 1D
- 0.58%
- 1M
- 1.95%
- YTD
- -23.27%
- 6M
- -22.80%
- 1Y
- -5.99%
- 3Y*
- 71.00%
- 5Y*
- 22.01%
- 10Y*
- 7.50%
BMI
- 1D
- 0.93%
- 1M
- 13.87%
- YTD
- -24.02%
- 6M
- -28.30%
- 1Y
- -45.59%
- 3Y*
- -3.92%
- 5Y*
- 7.71%
- 10Y*
- 14.99%
HRTG vs. BMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRTG Heritage Insurance Holdings, Inc. | -23.27% | 141.82% | 85.58% | 262.22% | -68.58% | -40.09% | -21.80% | -8.50% | -17.06% | 16.94% |
BMI Badger Meter, Inc. | -24.02% | -17.15% | 38.28% | 42.58% | 3.23% | 14.11% | 46.37% | 33.46% | 4.09% | 30.91% |
Correlation
The correlation between HRTG and BMI is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 23, 2014 | 0.25 |
Fundamentals
HRTG:
$690.12M
BMI:
$3.87B
HRTG:
$6.53
BMI:
$4.42
HRTG:
3.44
BMI:
29.78
HRTG:
0.02
BMI:
1.25
HRTG:
0.82
BMI:
4.34
HRTG:
1.33
BMI:
3.98
HRTG:
$848.47M
BMI:
$896.73M
HRTG:
$333.64M
BMI:
$370.96M
HRTG:
$285.21M
BMI:
$199.34M
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Return for Risk
HRTG vs. BMI — Risk / Return Rank
HRTG
BMI
HRTG vs. BMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Heritage Insurance Holdings, Inc. (HRTG) and Badger Meter, Inc. (BMI). 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.
| HRTG | BMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.79 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | -0.85 | +0.67 |
| Martin ratioReturn relative to average drawdown | -0.40 | -1.38 | +0.98 |
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Drawdowns
HRTG vs. BMI - Drawdown Comparison
The maximum HRTG drawdown since its inception was -94.36%, which is greater than BMI's maximum drawdown of -68.22%. Use the drawdown chart below to compare losses from any high point for HRTG and BMI.
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Drawdown Indicators
| HRTG | BMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -68.22% | -26.14% |
Max Drawdown (1Y)Largest decline over 1 year | -32.95% | -53.79% | +20.84% |
Max Drawdown (3Y)Largest decline over 3 years | -43.90% | -55.06% | +11.16% |
Max Drawdown (5Y)Largest decline over 5 years | -84.89% | -55.06% | -29.83% |
Max Drawdown (10Y)Largest decline over 10 years | -92.21% | -55.06% | -37.15% |
Current DrawdownCurrent decline from peak | -27.91% | -47.63% | +19.72% |
Average DrawdownAverage peak-to-trough decline | -46.51% | -19.02% | -27.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.92% | 33.04% | -18.12% |
Volatility
HRTG vs. BMI - Volatility Comparison
Heritage Insurance Holdings, Inc. (HRTG) has a higher volatility of 10.07% compared to Badger Meter, Inc. (BMI) at 9.52%. This indicates that HRTG's price experiences larger fluctuations and is considered to be riskier than BMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HRTG | BMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 9.52% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 37.66% | 38.68% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.07% | 44.17% | +12.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.35% | 33.88% | +37.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.93% | 33.67% | +24.26% |
Dividends
HRTG vs. BMI - Dividend Comparison
HRTG has not paid dividends to shareholders, while BMI's dividend yield for the trailing twelve months is around 1.21%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMI Badger Meter, Inc. | 1.21% | 0.85% | 0.58% | 0.64% | 0.78% | 0.71% | 0.74% | 0.99% | 1.14% | 1.03% | 1.16% | 1.33% |
HRTG Heritage Insurance Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 6.67% | 4.08% | 2.37% | 1.81% | 1.63% | 1.33% | 1.47% | 0.23% |
Financials
HRTG vs. BMI - Financials Comparison
This section allows you to compare key financial metrics between Heritage Insurance Holdings, Inc. and Badger Meter, 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
HRTG vs. BMI - Profitability Comparison
HRTG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported a gross profit of 0.00 and revenue of 212.66M. Therefore, the gross margin over that period was 0.0%.
BMI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a gross profit of 84.33M and revenue of 202.28M. Therefore, the gross margin over that period was 41.7%.
HRTG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported an operating income of 50.82M and revenue of 212.66M, resulting in an operating margin of 23.9%.
BMI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported an operating income of 35.17M and revenue of 202.28M, resulting in an operating margin of 17.4%.
HRTG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Heritage Insurance Holdings, Inc. reported a net income of 36.48M and revenue of 212.66M, resulting in a net margin of 17.2%.
BMI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Badger Meter, Inc. reported a net income of 27.34M and revenue of 202.28M, resulting in a net margin of 13.5%.
Frequently Asked Questions
HRTG and BMI have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HRTG has higher volatility (10.07%) compared to BMI (9.52%). In terms of maximum drawdown, HRTG dropped -94.36% vs BMI's -68.22%.
HRTG currently has the higher Sharpe Ratio (-0.11 vs -1.03), 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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