NMIH vs. BNTX

Last updated Jun 4, 2026

NMIH (NMI Holdings, Inc.) and BNTX (BioNTech SE) are both stocks. NMIH operates in Insurance - Specialty (Financial Services), while BNTX operates in Biotechnology (Healthcare). Over the past 5 years, NMIH returned 8.05%/yr vs -17.26%/yr for BNTX. At a 0.15 correlation, their price movements are largely independent.

Performance

NMIH vs. BNTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NMI Holdings, Inc. (NMIH) and BioNTech SE (BNTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NMIH achieves a -13.16% return, which is significantly lower than BNTX's -7.09% return.

NMIH

• 1D: -0.62%
• 1M: -4.17%
• YTD: -13.16%
• 6M: -7.28%
• 1Y: -10.78%
• 3Y*: 10.71%
• 5Y*: 8.05%
• 10Y*: 19.29%

BNTX

• 1D: -0.77%
• 1M: -10.97%
• YTD: -7.09%
• 6M: -8.56%
• 1Y: -23.51%
• 3Y*: -6.48%
• 5Y*: -17.26%
• 10Y*: —

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

NMIH vs. BNTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
NMIH NMI Holdings, Inc.	-13.16%	10.96%	23.85%	42.01%	-4.35%	-3.53%	-31.74%	25.23%
BNTX BioNTech SE	-7.09%	-16.45%	7.97%	-29.74%	-40.40%	216.24%	140.61%	137.92%

Correlation

The correlation between NMIH and BNTX is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.02
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Oct 11, 2019	0.15

The correlation between NMIH and BNTX shifts across timeframes, from -0.02 (1 year) to 0.16 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NMIH : $2.74B BNTX : $22.37B
EPS NMIH : $1.27K BNTX : -$5.14
PS Ratio NMIH : 0.02 BNTX : 7.73
PB Ratio NMIH : 0.00 BNTX : 1.20
Total Revenue (TTM) NMIH : $184.01B BNTX : $2.80B
Gross Profit (TTM) NMIH : $479.49M BNTX : $2.05B
EBITDA (TTM) NMIH : $395.48M BNTX : -$815.04M

Return for Risk

NMIH vs. BNTX — Risk / Return Rank

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

NMIH

NMIH Risk / Return Rank: 21
NMIH Sharpe Ratio Rank: 22
NMIH Sortino Ratio Rank: 21
NMIH Omega Ratio Rank: 21
NMIH Calmar Ratio Rank: 19
NMIH Martin Ratio Rank: 20

BNTX

BNTX Risk / Return Rank: 13
BNTX Sharpe Ratio Rank: 16
BNTX Sortino Ratio Rank: 18
BNTX Omega Ratio Rank: 16
BNTX Calmar Ratio Rank: 11
BNTX Martin Ratio Rank: 3

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.

NMIH vs. BNTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NMI Holdings, Inc. (NMIH) and BioNTech SE (BNTX). 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.

	NMIH	BNTX	Difference
Sharpe ratio Return per unit of total volatility	-0.45	-0.58	+0.13
Sortino ratio Return per unit of downside risk	-0.46	-0.58	+0.12
Omega ratio Gain probability vs. loss probability	0.94	0.92	+0.03
Calmar ratio Return relative to maximum drawdown	-0.60	-0.79	+0.20
Martin ratio Return relative to average drawdown	-0.99	-1.68	+0.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NMIH vs. BNTX - Sharpe Ratio Comparison

The current NMIH Sharpe Ratio is -0.45, which is comparable to the BNTX Sharpe Ratio of -0.58. The chart below compares the historical Sharpe Ratios of NMIH and BNTX, 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

	NMIH	BNTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	-0.58	+0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	-0.31	+0.59
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.42	-0.23

Drawdowns

NMIH vs. BNTX - Drawdown Comparison

The maximum NMIH drawdown since its inception was -73.07%, smaller than the maximum BNTX drawdown of -82.08%. Use the drawdown chart below to compare losses from any high point for NMIH and BNTX.

Drawdown Indicators

	NMIH	BNTX	Difference
Max Drawdown Largest peak-to-trough decline	-73.07%	-82.08%	+9.01%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	-29.71%	+11.63%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-37.35%	+15.93%
Max Drawdown (5Y) Largest decline over 5 years	-41.78%	-82.08%	+40.30%
Max Drawdown (10Y) Largest decline over 10 years	-73.07%	—	—
Current Drawdown Current decline from peak	-17.91%	-79.77%	+61.86%
Average Drawdown Average peak-to-trough decline	-26.81%	-56.12%	+29.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.94%	14.30%	-3.36%

Volatility

NMIH vs. BNTX - Volatility Comparison

The current volatility for NMI Holdings, Inc. (NMIH) is 6.80%, while BioNTech SE (BNTX) has a volatility of 8.96%. This indicates that NMIH experiences smaller price fluctuations and is considered to be less risky than BNTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMIH	BNTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	8.96%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	19.12%	33.77%	-14.65%
Volatility (1Y) Calculated over the trailing 1-year period	24.11%	41.08%	-16.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	55.62%	-26.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.61%	76.31%	-35.70%

Dividends

NMIH vs. BNTX - Dividend Comparison

Neither NMIH nor BNTX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
BNTX BioNTech SE	0.00%	0.00%	0.00%	0.00%	2.43%
NMIH NMI Holdings, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both NMIH and BNTX in my portfolio?

NMIH and BNTX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NMIH or BNTX?

BNTX has higher volatility (8.96%) compared to NMIH (6.80%). In terms of maximum drawdown, NMIH dropped -73.07% vs BNTX's -82.08%.

Which has better risk-adjusted returns?

NMIH currently has the higher Sharpe Ratio (-0.45 vs -0.58), 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.