MBIN vs. OGS
MBIN (Merchants Bancorp) and OGS (ONE Gas, Inc.) are both stocks. MBIN operates in Banks - Regional (Financial Services), while OGS operates in Utilities - Regulated Gas (Utilities). Over the past 5 years, MBIN returned 18.93%/yr vs 4.62%/yr for OGS. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
MBIN vs. OGS - Performance Comparison
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Returns By Period
In the year-to-date period, MBIN achieves a 62.79% return, which is significantly higher than OGS's 2.17% return.
MBIN
- 1D
- -0.59%
- 1M
- 13.03%
- 6M
- 33.73%
- YTD
- 62.79%
- 1Y
- 91.12%
- 3Y*
- 21.56%
- 5Y*
- 18.93%
- 10Y*
- —
- ALL TIME*
- 21.19%
OGS
- 1D
- -0.56%
- 1M
- 0.43%
- 6M
- -0.80%
- YTD
- 2.17%
- 1Y
- 10.72%
- 3Y*
- 3.60%
- 5Y*
- 4.62%
- 10Y*
- 5.05%
- ALL TIME*
- 10.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $10.24M | $8.41M | $7.85M | |
| $35.52M | $41.73M | $52.68M |
MBIN vs. OGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MBIN Merchants Bancorp | 62.79% | -5.51% | -13.59% | 77.01% | -22.06% | 72.80% | 42.55% | 0.30% | 2.43% | 16.05% |
OGS ONE Gas, Inc. | 2.17% | 15.57% | 13.08% | -12.77% | 0.63% | 4.36% | -15.74% | 20.26% | 11.40% | -2.13% |
Correlation
The correlation between MBIN and OGS is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.23 |
The correlation between MBIN and OGS shifts across timeframes, from 0.14 (1 year) to 0.26 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MBIN:
$2.53B
OGS:
$4.87B
MBIN:
$5.84
OGS:
$6.77
MBIN:
9.45
OGS:
11.47
MBIN:
2.01
OGS:
1.35
MBIN:
$1.26B
OGS:
$2.32B
MBIN:
$298.10M
OGS:
$1.58B
MBIN:
$141.76M
OGS:
$718.37M
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Return for Risk
MBIN vs. OGS — Risk / Return Rank
MBIN
OGS
MBIN vs. OGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Merchants Bancorp (MBIN) and ONE Gas, Inc. (OGS). 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.
| MBIN | OGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.98 | ||
| Sortino ratioReturn per unit of downside risk | +2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.11 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 6.83 | 0.66 | +6.17 |
| Martin ratioReturn relative to average drawdown | 16.55 | 1.57 | +14.98 |
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Drawdowns
MBIN vs. OGS - Drawdown Comparison
The maximum MBIN drawdown since its inception was -53.77%, which is greater than OGS's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for MBIN and OGS.
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Drawdown Indicators
| MBIN | OGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.77% | -33.50% | -20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -13.30% | -15.84% | +2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -43.94% | -24.48% | -19.46% |
Max Drawdown (5Y)Largest decline over 5 years | -43.94% | -33.50% | -10.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.50% | — |
Current DrawdownCurrent decline from peak | -0.59% | -13.62% | +13.03% |
Average DrawdownAverage peak-to-trough decline | -19.65% | -9.68% | -9.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.48% | 6.66% | -1.18% |
Volatility
MBIN vs. OGS - Volatility Comparison
Merchants Bancorp (MBIN) has a higher volatility of 13.20% compared to ONE Gas, Inc. (OGS) at 6.55%. This indicates that MBIN's price experiences larger fluctuations and is considered to be riskier than OGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MBIN | OGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.20% | 6.55% | +6.65% |
Volatility (6M)Calculated over the trailing 6-month period | 23.83% | 13.86% | +9.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.95% | 17.88% | +18.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.06% | 23.59% | +12.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.17% | 25.96% | +14.21% |
Dividends
MBIN vs. OGS - Dividend Comparison
MBIN's dividend yield for the trailing twelve months is around 0.76%, less than OGS's 3.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MBIN Merchants Bancorp | 0.76% | 1.17% | 0.99% | 0.75% | 1.15% | 0.76% | 1.16% | 1.42% | 1.20% | 0.25% | 0.00% | 0.00% |
OGS ONE Gas, Inc. | 3.48% | 3.47% | 3.81% | 4.08% | 3.28% | 2.99% | 2.81% | 2.14% | 2.31% | 2.29% | 2.19% | 2.39% |
Financials
MBIN vs. OGS - Financials Comparison
This section allows you to compare key financial metrics between Merchants Bancorp and ONE Gas, 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
MBIN vs. OGS - Profitability Comparison
MBIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Merchants Bancorp reported a gross profit of -159.95M and revenue of 247.47M. Therefore, the gross margin over that period was -64.6%.
OGS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, ONE Gas, Inc. reported a gross profit of 438.14M and revenue of 831.71M. Therefore, the gross margin over that period was 52.7%.
MBIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Merchants Bancorp reported an operating income of -84.31M and revenue of 247.47M, resulting in an operating margin of -34.1%.
OGS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, ONE Gas, Inc. reported an operating income of 189.59M and revenue of 831.71M, resulting in an operating margin of 22.8%.
MBIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Merchants Bancorp reported a net income of 78.30M and revenue of 247.47M, resulting in a net margin of 31.6%.
OGS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, ONE Gas, Inc. reported a net income of 128.67M and revenue of 831.71M, resulting in a net margin of 15.5%.
Frequently Asked Questions
MBIN and OGS have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MBIN has higher volatility (13.20%) compared to OGS (6.55%). In terms of maximum drawdown, MBIN dropped -53.77% vs OGS's -33.50%.
MBIN currently has the higher Sharpe Ratio (2.56 vs 0.59), 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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