NMIH vs. TBBK

Last updated Jun 4, 2026

NMIH (NMI Holdings, Inc.) and TBBK (The Bancorp, Inc.) are both stocks. Both are in the Financial Services sector — NMIH in Insurance - Specialty, TBBK in Banks - Regional. Over the past 10 years, NMIH returned 19.29%/yr vs 22.81%/yr for TBBK. At a 0.41 correlation, their price movements are largely independent.

Performance

NMIH vs. TBBK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NMI Holdings, Inc. (NMIH) and The Bancorp, Inc. (TBBK). 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 higher than TBBK's -22.93% return. Over the past 10 years, NMIH has underperformed TBBK with an annualized return of 19.29%, while TBBK has yielded a comparatively higher 22.81% annualized 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%

TBBK

• 1D: -4.62%
• 1M: -11.18%
• YTD: -22.93%
• 6M: -22.31%
• 1Y: 3.79%
• 3Y*: 16.02%
• 5Y*: 15.53%
• 10Y*: 22.81%

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

NMIH vs. TBBK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMIH NMI Holdings, Inc.	-13.16%	10.96%	23.85%	42.01%	-4.35%	-3.53%	-31.74%	85.88%	5.00%	59.62%
TBBK The Bancorp, Inc.	-22.93%	28.29%	36.49%	35.87%	12.13%	85.42%	5.24%	62.94%	-19.43%	25.70%

Correlation

The correlation between NMIH and TBBK is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.45
Correlation (All Time) Calculated using the full available price history since Nov 11, 2013	0.41

The correlation between NMIH and TBBK shifts across timeframes, from 0.38 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NMIH : $2.74B TBBK : $2.22B
EPS NMIH : $1.27K TBBK : $5.09
PE Ratio NMIH : 0.03 TBBK : 10.21
PEG Ratio NMIH : 0.00 TBBK : 0.37
PS Ratio NMIH : 0.02 TBBK : 3.44
PB Ratio NMIH : 0.00 TBBK : 3.18
Total Revenue (TTM) NMIH : $184.01B TBBK : $686.06M
Gross Profit (TTM) NMIH : $479.49M TBBK : $394.85M
EBITDA (TTM) NMIH : $395.48M TBBK : $230.08M

Return for Risk

NMIH vs. TBBK — 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

TBBK

TBBK Risk / Return Rank: 42
TBBK Sharpe Ratio Rank: 43
TBBK Sortino Ratio Rank: 39
TBBK Omega Ratio Rank: 41
TBBK Calmar Ratio Rank: 43
TBBK Martin Ratio Rank: 42

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. TBBK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NMI Holdings, Inc. (NMIH) and The Bancorp, Inc. (TBBK). 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	TBBK	Difference
Sharpe ratio Return per unit of total volatility	-0.45	0.09	-0.54
Sortino ratio Return per unit of downside risk	-0.46	0.39	-0.86
Omega ratio Gain probability vs. loss probability	0.94	1.06	-0.12
Calmar ratio Return relative to maximum drawdown	-0.60	0.11	-0.70
Martin ratio Return relative to average drawdown	-0.99	0.19	-1.18
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. TBBK - Sharpe Ratio Comparison

The current NMIH Sharpe Ratio is -0.45, which is lower than the TBBK Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of NMIH and TBBK, 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	TBBK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	0.09	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.34	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.45	+0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.10	+0.09

Drawdowns

NMIH vs. TBBK - Drawdown Comparison

The maximum NMIH drawdown since its inception was -73.07%, smaller than the maximum TBBK drawdown of -92.68%. Use the drawdown chart below to compare losses from any high point for NMIH and TBBK.

Drawdown Indicators

	NMIH	TBBK	Difference
Max Drawdown Largest peak-to-trough decline	-73.07%	-92.68%	+19.61%
Max Drawdown (1Y) Largest decline over 1 year	-18.08%	-35.92%	+17.84%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-36.28%	+14.86%
Max Drawdown (5Y) Largest decline over 5 years	-41.78%	-48.94%	+7.16%
Max Drawdown (10Y) Largest decline over 10 years	-73.07%	-73.77%	+0.70%
Current Drawdown Current decline from peak	-17.91%	-35.23%	+17.32%
Average Drawdown Average peak-to-trough decline	-26.81%	-47.56%	+20.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.94%	19.78%	-8.84%

Volatility

NMIH vs. TBBK - Volatility Comparison

The current volatility for NMI Holdings, Inc. (NMIH) is 6.80%, while The Bancorp, Inc. (TBBK) has a volatility of 9.92%. This indicates that NMIH experiences smaller price fluctuations and is considered to be less risky than TBBK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMIH	TBBK	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.80%	9.92%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	19.12%	31.15%	-12.03%
Volatility (1Y) Calculated over the trailing 1-year period	24.11%	43.33%	-19.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.01%	46.10%	-17.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.61%	50.80%	-10.19%

Dividends

NMIH vs. TBBK - Dividend Comparison

Neither NMIH nor TBBK has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

NMIH vs. TBBK - Profitability Comparison

The chart below illustrates the profitability comparison between NMI Holdings, Inc. and The Bancorp, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

TBBK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Bancorp, Inc. reported a gross profit of 0.00 and revenue of 72.53M. 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%.

TBBK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Bancorp, Inc. reported an operating income of 0.00 and revenue of 72.53M, resulting in an operating margin of 0.0%.

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%.

TBBK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Bancorp, Inc. reported a net income of 60.07M and revenue of 72.53M, resulting in a net margin of 82.8%.

Frequently Asked Questions

Can I hold both NMIH and TBBK in my portfolio?

NMIH and TBBK have a correlation of 0.38, 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 TBBK?

TBBK has higher volatility (9.92%) compared to NMIH (6.80%). In terms of maximum drawdown, NMIH dropped -73.07% vs TBBK's -92.68%.

Which has better risk-adjusted returns?

TBBK currently has the higher Sharpe Ratio (0.09 vs -0.45), 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.