NMIH vs. CATY
NMIH (NMI Holdings, Inc.) and CATY (Cathay General Bancorp) are both stocks. Both are in the Financial Services sector — NMIH in Insurance - Specialty, CATY in Banks - Regional. Over the past 10 years, NMIH returned 21.77%/yr vs 11.58%/yr for CATY. At a 0.49 correlation, their price movements are largely independent.
Performance
NMIH vs. CATY - Performance Comparison
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Returns By Period
In the year-to-date period, NMIH achieves a -5.83% return, which is significantly lower than CATY's 27.59% return. Over the past 10 years, NMIH has outperformed CATY with an annualized return of 21.77%, while CATY has yielded a comparatively lower 11.58% annualized return.
NMIH
- 1D
- 1.99%
- 1M
- 2.70%
- YTD
- -5.83%
- 6M
- -7.71%
- 1Y
- -8.29%
- 3Y*
- 15.61%
- 5Y*
- 10.74%
- 10Y*
- 21.77%
CATY
- 1D
- 1.57%
- 1M
- 7.03%
- YTD
- 27.59%
- 6M
- 23.43%
- 1Y
- 40.55%
- 3Y*
- 28.57%
- 5Y*
- 11.87%
- 10Y*
- 11.58%
NMIH vs. CATY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMIH NMI Holdings, Inc. | -5.83% | 10.96% | 23.85% | 42.01% | -4.35% | -3.53% | -31.74% | 85.88% | 5.00% | 59.62% |
CATY Cathay General Bancorp | 27.59% | 4.64% | 10.34% | 13.49% | -2.11% | 37.74% | -11.64% | 17.48% | -18.47% | 13.40% |
Correlation
The correlation between NMIH and CATY 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 | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2013 | 0.49 |
The correlation between NMIH and CATY has been stable across timeframes, ranging from 0.47 to 0.57 - a consistent structural relationship.
Fundamentals
NMIH:
$2.97B
CATY:
$4.10B
NMIH:
$1.27K
CATY:
$4.84
NMIH:
0.03
CATY:
12.57
NMIH:
0.00
CATY:
2.06
NMIH:
0.02
CATY:
3.04
NMIH:
0.00
CATY:
1.37
NMIH:
$184.01B
CATY:
$1.38B
NMIH:
$479.49M
CATY:
$590.12M
NMIH:
$395.48M
CATY:
$347.76M
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Return for Risk
NMIH vs. CATY — Risk / Return Rank
NMIH
CATY
NMIH vs. CATY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NMI Holdings, Inc. (NMIH) and Cathay General Bancorp (CATY). 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.
| NMIH | CATY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.30 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 3.30 | -3.76 |
| Martin ratioReturn relative to average drawdown | -0.73 | 8.50 | -9.23 |
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Drawdowns
NMIH vs. CATY - Drawdown Comparison
The maximum NMIH drawdown since its inception was -73.07%, smaller than the maximum CATY drawdown of -80.65%. Use the drawdown chart below to compare losses from any high point for NMIH and CATY.
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Drawdown Indicators
| NMIH | CATY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -80.65% | +7.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -12.33% | -5.75% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -29.73% | +8.31% |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | -40.11% | -1.67% |
Max Drawdown (10Y)Largest decline over 10 years | -73.07% | -55.71% | -17.36% |
Current DrawdownCurrent decline from peak | -10.98% | -0.15% | -10.83% |
Average DrawdownAverage peak-to-trough decline | -26.75% | -22.97% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.39% | 4.78% | +6.61% |
Volatility
NMIH vs. CATY - Volatility Comparison
The current volatility for NMI Holdings, Inc. (NMIH) is 5.43%, while Cathay General Bancorp (CATY) has a volatility of 6.47%. This indicates that NMIH experiences smaller price fluctuations and is considered to be less risky than CATY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMIH | CATY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 6.47% | -1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 18.60% | 16.67% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.05% | 25.61% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 30.39% | -1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.55% | 33.53% | +7.02% |
Dividends
NMIH vs. CATY - Dividend Comparison
NMIH has not paid dividends to shareholders, while CATY's dividend yield for the trailing twelve months is around 2.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CATY Cathay General Bancorp | 2.36% | 2.81% | 2.86% | 3.05% | 3.33% | 2.95% | 3.85% | 3.26% | 3.07% | 2.06% | 1.97% | 1.79% |
NMIH NMI Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NMIH vs. CATY - Financials Comparison
This section allows you to compare key financial metrics between NMI Holdings, Inc. and Cathay General Bancorp. 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
NMIH vs. CATY - Profitability Comparison
NMIH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NMI Holdings, Inc. reported a gross profit of 0.00 and revenue of 183.48B. Therefore, the gross margin over that period was 0.0%.
CATY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cathay General Bancorp reported a gross profit of 0.00 and revenue of 322.91M. Therefore, the gross margin over that period was 0.0%.
NMIH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NMI Holdings, Inc. reported an operating income of 0.00 and revenue of 183.48B, resulting in an operating margin of 0.0%.
CATY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cathay General Bancorp reported an operating income of 7.51M and revenue of 322.91M, resulting in an operating margin of 2.3%.
NMIH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NMI Holdings, Inc. reported a net income of 99.33B and revenue of 183.48B, resulting in a net margin of 54.1%.
CATY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cathay General Bancorp reported a net income of 86.89M and revenue of 322.91M, resulting in a net margin of 26.9%.
Frequently Asked Questions
NMIH and CATY 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.
CATY has higher volatility (6.47%) compared to NMIH (5.43%). In terms of maximum drawdown, NMIH dropped -73.07% vs CATY's -80.65%.
CATY currently has the higher Sharpe Ratio (1.60 vs -0.35), 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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