NMIH vs. NTB
NMIH (NMI Holdings, Inc.) and NTB (The Bank of N.T. Butterfield & Son Limited) are both stocks. Both are in the Financial Services sector — NMIH in Insurance - Specialty, NTB in Banks - Diversified. Over the past 5 years, NMIH returned 15.01%/yr vs 19.00%/yr for NTB. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
NMIH vs. NTB - Performance Comparison
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Returns By Period
In the year-to-date period, NMIH achieves a 8.61% return, which is significantly lower than NTB's 25.31% return.
NMIH
- 1D
- 1.98%
- 1M
- 7.94%
- 6M
- 14.41%
- YTD
- 8.61%
- 1Y
- 19.12%
- 3Y*
- 17.99%
- 5Y*
- 15.01%
- 10Y*
- 21.87%
- ALL TIME*
- 9.47%
NTB
- 1D
- -0.71%
- 1M
- 2.71%
- 6M
- 20.52%
- YTD
- 25.31%
- 1Y
- 42.73%
- 3Y*
- 31.99%
- 5Y*
- 19.00%
- 10Y*
- —
- ALL TIME*
- 14.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.08M | $19.76M | $22.33M | |
| $10.70M | $9.23M | $11.58M |
NMIH vs. NTB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMIH NMI Holdings, Inc. | 8.61% | 10.96% | 23.85% | 42.01% | -4.35% | -3.53% | -31.74% | 85.88% | 5.00% | 59.62% |
NTB The Bank of N.T. Butterfield & Son Limited | 25.31% | 42.51% | 20.23% | 14.28% | -17.47% | 28.34% | -10.09% | 24.14% | -10.70% | 19.79% |
Correlation
The correlation between NMIH and NTB is 0.45, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.45 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2016 | 0.47 |
The correlation between NMIH and NTB has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
Fundamentals
NMIH:
$3.37B
NTB:
$2.43B
NMIH:
$2.64K
NTB:
$5.73
NMIH:
0.02
NTB:
10.70
NMIH:
0.00
NTB:
0.72
NMIH:
0.01
NTB:
3.49
NMIH:
0.00
NTB:
2.16
NMIH:
$371.73B
NTB:
$719.37M
NMIH:
$319.26M
NTB:
$625.15M
NMIH:
$276.38B
NTB:
$271.17M
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Return for Risk
NMIH vs. NTB — Risk / Return Rank
NMIH
NTB
NMIH vs. NTB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NMI Holdings, Inc. (NMIH) and The Bank of N.T. Butterfield & Son Limited (NTB). 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 | NTB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 3.92 | -2.69 |
| Martin ratioReturn relative to average drawdown | 2.57 | 12.84 | -10.27 |
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Drawdowns
NMIH vs. NTB - Drawdown Comparison
The maximum NMIH drawdown since its inception was -73.07%, roughly equal to the maximum NTB drawdown of -69.74%. Use the drawdown chart below to compare losses from any high point for NMIH and NTB.
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Drawdown Indicators
| NMIH | NTB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.07% | -69.74% | -3.33% |
Max Drawdown (1Y)Largest decline over 1 year | -15.28% | -10.32% | -4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -21.42% | -18.64% | -2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -41.78% | -39.96% | -1.82% |
Max Drawdown (10Y)Largest decline over 10 years | -73.07% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -1.84% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -26.55% | -18.46% | -8.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.30% | 3.15% | +4.15% |
Volatility
NMIH vs. NTB - Volatility Comparison
NMI Holdings, Inc. (NMIH) has a higher volatility of 6.68% compared to The Bank of N.T. Butterfield & Son Limited (NTB) at 5.16%. This indicates that NMIH's price experiences larger fluctuations and is considered to be riskier than NTB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMIH | NTB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.68% | 5.16% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 17.31% | 13.66% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.90% | 19.73% | +4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.57% | 28.54% | +0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.47% | 34.53% | +5.94% |
Dividends
NMIH vs. NTB - Dividend Comparison
NMIH has not paid dividends to shareholders, while NTB's dividend yield for the trailing twelve months is around 3.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
NTB The Bank of N.T. Butterfield & Son Limited | 3.26% | 3.77% | 4.82% | 5.50% | 5.90% | 4.62% | 5.65% | 4.75% | 4.85% | 3.53% | 0.32% |
Financials
NMIH vs. NTB - Financials Comparison
This section allows you to compare key financial metrics between NMI Holdings, Inc. and The Bank of N.T. Butterfield & Son Limited. 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. NTB - Profitability Comparison
NMIH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, NMI Holdings, Inc. reported a gross profit of -162.81M and revenue of 371.18B. Therefore, the gross margin over that period was -0.0%.
NTB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, The Bank of N.T. Butterfield & Son Limited reported a gross profit of 158.30M and revenue of 159.90M. Therefore, the gross margin over that period was 99.0%.
NMIH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, NMI Holdings, Inc. reported an operating income of -124.94M and revenue of 371.18B, resulting in an operating margin of -0.0%.
NTB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, The Bank of N.T. Butterfield & Son Limited reported an operating income of 48.50M and revenue of 159.90M, resulting in an operating margin of 30.3%.
NMIH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, NMI Holdings, Inc. reported a net income of 205.02B and revenue of 371.18B, resulting in a net margin of 55.2%.
NTB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, The Bank of N.T. Butterfield & Son Limited reported a net income of 46.90M and revenue of 159.90M, resulting in a net margin of 29.3%.
Frequently Asked Questions
NMIH and NTB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMIH has higher volatility (6.68%) compared to NTB (5.16%). In terms of maximum drawdown, NMIH dropped -73.07% vs NTB's -69.74%.
NTB currently has the higher Sharpe Ratio (2.05 vs 0.79), 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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