MBIN vs. ALSN

Last updated Jun 3, 2026

MBIN (Merchants Bancorp) and ALSN (Allison Transmission Holdings, Inc.) are both stocks. MBIN operates in Banks - Regional (Financial Services), while ALSN operates in Auto Parts (Consumer Cyclical). Over the past 5 years, MBIN returned 11.77%/yr vs 24.35%/yr for ALSN. At a 0.39 correlation, their price movements are largely independent.

Performance

MBIN vs. ALSN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Merchants Bancorp (MBIN) and Allison Transmission Holdings, Inc. (ALSN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MBIN achieves a 38.09% return, which is significantly higher than ALSN's 19.22% return.

MBIN

• 1D: 1.32%
• 1M: 0.67%
• YTD: 38.09%
• 6M: 42.87%
• 1Y: 50.12%
• 3Y*: 25.28%
• 5Y*: 11.77%
• 10Y*: —

ALSN

• 1D: 4.00%
• 1M: -11.28%
• YTD: 19.22%
• 6M: 30.67%
• 1Y: 15.15%
• 3Y*: 33.28%
• 5Y*: 24.35%
• 10Y*: 16.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MBIN vs. ALSN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MBIN Merchants Bancorp	38.09%	-5.51%	-13.59%	77.01%	-22.06%	72.80%	42.55%	0.30%	2.43%	17.43%
ALSN Allison Transmission Holdings, Inc.	19.22%	-8.34%	88.02%	42.31%	16.85%	-14.08%	-9.08%	11.50%	3.34%	0.67%

Correlation

The correlation between MBIN and ALSN is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Oct 30, 2017	0.39

Fundamentals

EPS MBIN : $4.97 ALSN : $8.58
PE Ratio MBIN : 9.44 ALSN : 13.53
PS Ratio MBIN : 1.63 ALSN : 2.01
Total Revenue (TTM) MBIN : $1.32B ALSN : $3.65B
Gross Profit (TTM) MBIN : $423.13M ALSN : $1.49B
EBITDA (TTM) MBIN : $188.84M ALSN : $926.00M

Return for Risk

MBIN vs. ALSN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MBIN

MBIN Risk / Return Rank: 77
MBIN Sharpe Ratio Rank: 79
MBIN Sortino Ratio Rank: 74
MBIN Omega Ratio Rank: 75
MBIN Calmar Ratio Rank: 78
MBIN Martin Ratio Rank: 77

ALSN

ALSN Risk / Return Rank: 53
ALSN Sharpe Ratio Rank: 59
ALSN Sortino Ratio Rank: 52
ALSN Omega Ratio Rank: 50
ALSN Calmar Ratio Rank: 53
ALSN Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MBIN vs. ALSN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Merchants Bancorp (MBIN) and Allison Transmission Holdings, Inc. (ALSN). 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.

	MBIN	ALSN	Difference
Sharpe ratio Return per unit of total volatility	1.38	0.54	+0.84
Sortino ratio Return per unit of downside risk	1.99	0.97	+1.02
Omega ratio Gain probability vs. loss probability	1.27	1.11	+0.16
Calmar ratio Return relative to maximum drawdown	2.54	0.58	+1.96
Martin ratio Return relative to average drawdown	5.71	1.10	+4.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MBIN vs. ALSN - Sharpe Ratio Comparison

The current MBIN Sharpe Ratio is 1.38, which is higher than the ALSN Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of MBIN and ALSN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MBIN	ALSN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	0.54	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.84	-0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.48	0.00

Drawdowns

MBIN vs. ALSN - Drawdown Comparison

The maximum MBIN drawdown since its inception was -53.77%, which is greater than ALSN's maximum drawdown of -48.67%. Use the drawdown chart below to compare losses from any high point for MBIN and ALSN.

Drawdown Indicators

	MBIN	ALSN	Difference
Max Drawdown Largest peak-to-trough decline	-53.77%	-48.67%	-5.10%
Max Drawdown (1Y) Largest decline over 1 year	-18.94%	-23.22%	+4.28%
Max Drawdown (3Y) Largest decline over 3 years	-43.94%	-33.59%	-10.35%
Max Drawdown (5Y) Largest decline over 5 years	-43.94%	-33.59%	-10.35%
Max Drawdown (10Y) Largest decline over 10 years	—	-48.67%	—
Current Drawdown Current decline from peak	-9.11%	-14.39%	+5.28%
Average Drawdown Average peak-to-trough decline	-19.93%	-13.04%	-6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.44%	12.27%	-3.83%

Volatility

MBIN vs. ALSN - Volatility Comparison

The current volatility for Merchants Bancorp (MBIN) is 6.16%, while Allison Transmission Holdings, Inc. (ALSN) has a volatility of 11.06%. This indicates that MBIN experiences smaller price fluctuations and is considered to be less risky than ALSN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MBIN	ALSN	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	11.06%	-4.90%
Volatility (6M) Calculated over the trailing 6-month period	27.09%	21.74%	+5.35%
Volatility (1Y) Calculated over the trailing 1-year period	36.50%	27.97%	+8.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.95%	29.14%	+6.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.23%	29.78%	+10.45%

Dividends

MBIN vs. ALSN - Dividend Comparison

MBIN's dividend yield for the trailing twelve months is around 0.87%, less than ALSN's 0.96% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALSN Allison Transmission Holdings, Inc.	0.96%	1.10%	0.93%	1.58%	2.02%	2.09%	1.58%	1.24%	1.37%	1.39%	1.78%	2.32%
MBIN Merchants Bancorp	0.87%	1.17%	0.99%	0.75%	1.15%	0.76%	1.16%	1.42%	1.20%	0.25%	0.00%	0.00%

Financials

MBIN vs. ALSN - Profitability Comparison

The chart below illustrates the profitability comparison between Merchants Bancorp and Allison Transmission Holdings, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MBIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Merchants Bancorp reported a gross profit of 0.00 and revenue of 270.51M. Therefore, the gross margin over that period was 0.0%.

ALSN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Allison Transmission Holdings, Inc. reported a gross profit of 406.00M and revenue of 1.41B. Therefore, the gross margin over that period was 28.9%.

MBIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Merchants Bancorp reported an operating income of 0.00 and revenue of 270.51M, resulting in an operating margin of 0.0%.

ALSN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Allison Transmission Holdings, Inc. reported an operating income of 195.00M and revenue of 1.41B, resulting in an operating margin of 13.9%.

MBIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Merchants Bancorp reported a net income of 67.73M and revenue of 270.51M, resulting in a net margin of 25.0%.

ALSN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Allison Transmission Holdings, Inc. reported a net income of 112.00M and revenue of 1.41B, resulting in a net margin of 8.0%.

Frequently Asked Questions

Can I hold both MBIN and ALSN in my portfolio?

MBIN and ALSN have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MBIN or ALSN?

ALSN has higher volatility (11.06%) compared to MBIN (6.16%). In terms of maximum drawdown, MBIN dropped -53.77% vs ALSN's -48.67%.

Which has better risk-adjusted returns?

MBIN currently has the higher Sharpe Ratio (1.38 vs 0.54), 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.