NRIM vs. UNTY
NRIM (Northrim BanCorp, Inc.) and UNTY (Unity Bancorp, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, NRIM returned 19.10%/yr vs 19.74%/yr for UNTY. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
NRIM vs. UNTY - Performance Comparison
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Returns By Period
In the year-to-date period, NRIM achieves a 0.92% return, which is significantly lower than UNTY's 14.56% return. Both investments have delivered pretty close results over the past 10 years, with NRIM having a 19.10% annualized return and UNTY not far ahead at 19.74%.
NRIM
- 1D
- 0.68%
- 1M
- -2.25%
- 6M
- 13.98%
- YTD
- 0.92%
- 1Y
- 33.21%
- 3Y*
- 35.23%
- 5Y*
- 25.77%
- 10Y*
- 19.10%
- ALL TIME*
- 11.01%
UNTY
- 1D
- 0.37%
- 1M
- 1.32%
- 6M
- 9.81%
- YTD
- 14.56%
- 1Y
- 24.54%
- 3Y*
- 32.09%
- 5Y*
- 23.43%
- 10Y*
- 19.74%
- ALL TIME*
- 7.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.83M | $4.43M | $4.12M | |
| $3.89M | $3.92M | $3.38M |
NRIM vs. UNTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRIM Northrim BanCorp, Inc. | 0.92% | 40.49% | 41.92% | 10.39% | 30.72% | 32.47% | -7.18% | 20.60% | -0.26% | 10.12% |
UNTY Unity Bancorp, Inc. | 14.56% | 20.07% | 49.81% | 10.35% | 5.75% | 51.89% | -20.60% | 10.33% | 6.38% | 27.43% |
Correlation
The correlation between NRIM and UNTY is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1997 | 0.17 |
Over the past year, NRIM and UNTY have become more correlated (0.72) than their long-term average of 0.17, meaning their price movements have been converging.
Fundamentals
NRIM:
$589.71M
UNTY:
$591.31M
NRIM:
$3.04
UNTY:
$5.74
NRIM:
8.72
UNTY:
10.25
NRIM:
0.37
UNTY:
0.71
NRIM:
2.40
UNTY:
2.87
NRIM:
1.72
UNTY:
1.62
NRIM:
$248.98M
UNTY:
$209.43M
NRIM:
$203.13M
UNTY:
$132.69M
NRIM:
$94.33M
UNTY:
$78.57M
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Return for Risk
NRIM vs. UNTY — Risk / Return Rank
NRIM
UNTY
NRIM vs. UNTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northrim BanCorp, Inc. (NRIM) and Unity Bancorp, Inc. (UNTY). 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.
| NRIM | UNTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.15 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.35 | -0.13 |
| Martin ratioReturn relative to average drawdown | 2.42 | 3.21 | -0.79 |
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Drawdowns
NRIM vs. UNTY - Drawdown Comparison
The maximum NRIM drawdown since its inception was -74.58%, smaller than the maximum UNTY drawdown of -88.69%. Use the drawdown chart below to compare losses from any high point for NRIM and UNTY.
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Drawdown Indicators
| NRIM | UNTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.58% | -88.69% | +14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -24.94% | -15.92% | -9.02% |
Max Drawdown (3Y)Largest decline over 3 years | -24.94% | -23.58% | -1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -37.20% | -30.94% | -6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -54.04% | -59.97% | +5.93% |
Current DrawdownCurrent decline from peak | -9.76% | -1.09% | -8.67% |
Average DrawdownAverage peak-to-trough decline | -17.27% | -34.97% | +17.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.52% | 6.69% | +5.83% |
Volatility
NRIM vs. UNTY - Volatility Comparison
The current volatility for Northrim BanCorp, Inc. (NRIM) is 7.25%, while Unity Bancorp, Inc. (UNTY) has a volatility of 8.66%. This indicates that NRIM experiences smaller price fluctuations and is considered to be less risky than UNTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NRIM | UNTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 8.66% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 20.06% | 18.13% | +1.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.46% | 28.85% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.38% | 29.70% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.39% | 42.32% | -4.93% |
Dividends
NRIM vs. UNTY - Dividend Comparison
NRIM's dividend yield for the trailing twelve months is around 2.41%, more than UNTY's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRIM Northrim BanCorp, Inc. | 2.41% | 2.41% | 3.16% | 4.20% | 3.34% | 3.45% | 4.06% | 3.29% | 3.10% | 2.54% | 2.47% | 2.78% |
UNTY Unity Bancorp, Inc. | 1.05% | 1.12% | 1.19% | 1.62% | 1.57% | 1.37% | 1.82% | 1.37% | 1.30% | 1.16% | 1.07% | 1.12% |
Financials
NRIM vs. UNTY - Financials Comparison
This section allows you to compare key financial metrics between Northrim BanCorp, Inc. and Unity Bancorp, Inc.. 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
NRIM vs. UNTY - Profitability Comparison
NRIM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Northrim BanCorp, Inc. reported a gross profit of 52.25M and revenue of 63.89M. Therefore, the gross margin over that period was 81.8%.
UNTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Unity Bancorp, Inc. reported a gross profit of 32.58M and revenue of 48.56M. Therefore, the gross margin over that period was 67.1%.
NRIM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Northrim BanCorp, Inc. reported an operating income of 20.22M and revenue of 63.89M, resulting in an operating margin of 31.7%.
UNTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Unity Bancorp, Inc. reported an operating income of 18.65M and revenue of 48.56M, resulting in an operating margin of 38.4%.
NRIM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Northrim BanCorp, Inc. reported a net income of 15.34M and revenue of 63.89M, resulting in a net margin of 24.0%.
UNTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Unity Bancorp, Inc. reported a net income of 14.47M and revenue of 48.56M, resulting in a net margin of 29.8%.
Frequently Asked Questions
NRIM and UNTY have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNTY has higher volatility (8.66%) compared to NRIM (7.25%). In terms of maximum drawdown, NRIM dropped -74.58% vs UNTY's -88.69%.
NRIM currently has the higher Sharpe Ratio (0.88 vs 0.74), 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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