MCY vs. ERIE
MCY (Mercury General Corporation) and ERIE (Erie Indemnity Company) are both stocks. Both are in the Financial Services sector — MCY in Insurance - Property & Casualty, ERIE in Insurance Brokers. Over the past 10 years, MCY returned 10.70%/yr vs 10.73%/yr for ERIE. At a 0.35 correlation, their price movements are largely independent.
Performance
MCY vs. ERIE - Performance Comparison
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Returns By Period
In the year-to-date period, MCY achieves a 4.08% return, which is significantly higher than ERIE's -22.58% return. Both investments have delivered pretty close results over the past 10 years, with MCY having a 10.70% annualized return and ERIE not far ahead at 10.73%.
MCY
- 1D
- 0.84%
- 1M
- 0.10%
- YTD
- 4.08%
- 6M
- 9.03%
- 1Y
- 55.36%
- 3Y*
- 52.78%
- 5Y*
- 13.22%
- 10Y*
- 10.70%
ERIE
- 1D
- 5.92%
- 1M
- -0.78%
- YTD
- -22.58%
- 6M
- -25.97%
- 1Y
- -37.80%
- 3Y*
- 2.26%
- 5Y*
- 4.31%
- 10Y*
- 10.73%
MCY vs. ERIE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MCY Mercury General Corporation | 4.08% | 44.10% | 82.26% | 13.59% | -32.61% | 6.18% | 13.44% | -1.23% | 1.68% | -7.23% |
ERIE Erie Indemnity Company | -22.58% | -29.40% | 24.67% | 37.35% | 32.03% | -19.98% | 52.39% | 27.08% | 12.54% | 11.23% |
Correlation
The correlation between MCY and ERIE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 1995 | 0.35 |
The correlation between MCY and ERIE shifts across timeframes, from 0.35 (all time) to 0.47 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MCY:
$11.73
ERIE:
$14.49
MCY:
8.32
ERIE:
15.14
MCY:
0.11
ERIE:
0.78
MCY:
1.17
ERIE:
2.00
MCY:
$4.60B
ERIE:
$4.33B
MCY:
$2.09B
ERIE:
$784.17M
MCY:
$885.13M
ERIE:
$715.87M
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Return for Risk
MCY vs. ERIE — Risk / Return Rank
MCY
ERIE
MCY vs. ERIE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mercury General Corporation (MCY) and Erie Indemnity Company (ERIE). 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.
| MCY | ERIE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.40 | ||
| Sortino ratioReturn per unit of downside risk | +4.53 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.79 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | -0.88 | +5.20 |
| Martin ratioReturn relative to average drawdown | 11.86 | -1.63 | +13.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MCY | ERIE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | -1.24 | +3.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.15 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.37 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.24 | +0.21 |
Drawdowns
MCY vs. ERIE - Drawdown Comparison
The maximum MCY drawdown since its inception was -68.83%, smaller than the maximum ERIE drawdown of -78.28%. Use the drawdown chart below to compare losses from any high point for MCY and ERIE.
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Drawdown Indicators
| MCY | ERIE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.83% | -78.28% | +9.45% |
Max Drawdown (1Y)Largest decline over 1 year | -12.87% | -43.16% | +30.29% |
Max Drawdown (3Y)Largest decline over 3 years | -39.99% | -60.87% | +20.88% |
Max Drawdown (5Y)Largest decline over 5 years | -54.32% | -60.87% | +6.55% |
Max Drawdown (10Y)Largest decline over 10 years | -55.28% | -60.87% | +5.59% |
Current DrawdownCurrent decline from peak | -5.23% | -58.55% | +53.32% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -33.55% | +14.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 23.27% | -18.59% |
Volatility
MCY vs. ERIE - Volatility Comparison
The current volatility for Mercury General Corporation (MCY) is 7.50%, while Erie Indemnity Company (ERIE) has a volatility of 9.51%. This indicates that MCY experiences smaller price fluctuations and is considered to be less risky than ERIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MCY | ERIE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.50% | 9.51% | -2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 19.21% | 23.81% | -4.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.91% | 30.59% | -4.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.13% | 29.31% | +4.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.84% | 29.17% | +2.67% |
Dividends
MCY vs. ERIE - Dividend Comparison
MCY's dividend yield for the trailing twelve months is around 1.30%, less than ERIE's 2.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERIE Erie Indemnity Company | 2.58% | 1.90% | 1.24% | 1.42% | 1.79% | 2.15% | 2.39% | 2.17% | 2.52% | 2.57% | 1.95% | 3.61% |
MCY Mercury General Corporation | 1.30% | 1.35% | 1.91% | 3.40% | 5.57% | 4.77% | 4.83% | 5.16% | 4.84% | 4.66% | 4.12% | 5.31% |
Financials
MCY vs. ERIE - Financials Comparison
This section allows you to compare key financial metrics between Mercury General Corporation and Erie Indemnity Company. 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
MCY vs. ERIE - Profitability Comparison
MCY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Mercury General Corporation reported a gross profit of 0.00 and revenue of 1.54M. Therefore, the gross margin over that period was 0.0%.
ERIE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Erie Indemnity Company reported a gross profit of 0.00 and revenue of 1.01B. Therefore, the gross margin over that period was 0.0%.
MCY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Mercury General Corporation reported an operating income of 0.00 and revenue of 1.54M, resulting in an operating margin of 0.0%.
ERIE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Erie Indemnity Company reported an operating income of 166.79M and revenue of 1.01B, resulting in an operating margin of 16.5%.
MCY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Mercury General Corporation reported a net income of 190.42K and revenue of 1.54M, resulting in a net margin of 12.4%.
ERIE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Erie Indemnity Company reported a net income of 150.47M and revenue of 1.01B, resulting in a net margin of 14.9%.
Frequently Asked Questions
MCY and ERIE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ERIE has higher volatility (9.51%) compared to MCY (7.50%). In terms of maximum drawdown, MCY dropped -68.83% vs ERIE's -78.28%.
MCY currently has the higher Sharpe Ratio (2.16 vs -1.24), 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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