ONB vs. NBN
ONB (Old National Bancorp) and NBN (Northeast Bank) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, ONB returned 10.34%/yr vs 28.31%/yr for NBN. Their 0.17 correlation means their historical movements had little consistent relationship.
Performance
ONB vs. NBN - Performance Comparison
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Returns By Period
In the year-to-date period, ONB achieves a 21.83% return, which is significantly lower than NBN's 27.40% return. Over the past 10 years, ONB has underperformed NBN with an annualized return of 10.34%, while NBN has yielded a comparatively higher 28.31% annualized return.
ONB
- 1D
- 0.79%
- 1M
- 3.27%
- 6M
- 9.12%
- YTD
- 21.83%
- 1Y
- 34.89%
- 3Y*
- 19.40%
- 5Y*
- 14.56%
- 10Y*
- 10.34%
- ALL TIME*
- 4.69%
NBN
- 1D
- 6.62%
- 1M
- -1.55%
- 6M
- 11.14%
- YTD
- 27.40%
- 1Y
- 42.41%
- 3Y*
- 40.60%
- 5Y*
- 32.76%
- 10Y*
- 28.31%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $17.69M | $16.82M | $17.85M | |
| $138.70M | $132.16M | $103.71M |
ONB vs. NBN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ONB Old National Bancorp | 21.83% | 5.43% | 32.47% | -2.47% | 2.51% | 12.89% | -6.07% | 22.41% | -9.23% | -0.92% |
NBN Northeast Bank | 27.40% | 13.35% | 66.31% | 31.21% | 17.95% | 58.86% | 2.63% | 31.69% | -27.59% | 77.10% |
Correlation
The correlation between ONB and NBN is 0.66, 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. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.58 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.17 |
Over the past year, ONB and NBN have become more correlated (0.66) than their long-term average of 0.17, meaning their price movements have been converging.
Fundamentals
ONB:
$10.37B
NBN:
$1.10B
ONB:
$2.33
NBN:
$12.74
ONB:
11.52
NBN:
10.39
ONB:
3.78
NBN:
0.42
ONB:
2.53
NBN:
2.93
ONB:
1.21
NBN:
1.86
ONB:
$4.03B
NBN:
$381.72M
ONB:
$2.69B
NBN:
$233.61M
ONB:
$1.29B
NBN:
$149.54M
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Return for Risk
ONB vs. NBN — Risk / Return Rank
ONB
NBN
ONB vs. NBN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Old National Bancorp (ONB) and Northeast Bank (NBN). 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.
| ONB | NBN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.22 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.55 | +0.43 |
| Martin ratioReturn relative to average drawdown | 4.88 | 3.94 | +0.94 |
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Drawdowns
ONB vs. NBN - Drawdown Comparison
The maximum ONB drawdown since its inception was -60.83%, smaller than the maximum NBN drawdown of -70.51%. Use the drawdown chart below to compare losses from any high point for ONB and NBN.
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Drawdown Indicators
| ONB | NBN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.83% | -70.51% | +9.68% |
Max Drawdown (1Y)Largest decline over 1 year | -17.73% | -27.57% | +9.84% |
Max Drawdown (3Y)Largest decline over 3 years | -26.12% | -27.57% | +1.45% |
Max Drawdown (5Y)Largest decline over 5 years | -37.91% | -29.30% | -8.61% |
Max Drawdown (10Y)Largest decline over 10 years | -40.79% | -70.25% | +29.46% |
Current DrawdownCurrent decline from peak | -1.61% | -3.72% | +2.11% |
Average DrawdownAverage peak-to-trough decline | -19.86% | -23.66% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.16% | 10.78% | -3.62% |
Volatility
ONB vs. NBN - Volatility Comparison
The current volatility for Old National Bancorp (ONB) is 6.57%, while Northeast Bank (NBN) has a volatility of 12.80%. This indicates that ONB experiences smaller price fluctuations and is considered to be less risky than NBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ONB | NBN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 12.80% | -6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 17.29% | 22.88% | -5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.07% | 35.09% | -8.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.97% | 33.29% | -3.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.61% | 40.93% | -10.32% |
Dividends
ONB vs. NBN - Dividend Comparison
ONB's dividend yield for the trailing twelve months is around 2.12%, more than NBN's 0.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NBN Northeast Bank | 0.03% | 0.04% | 0.04% | 0.07% | 0.10% | 0.11% | 0.18% | 0.18% | 0.24% | 0.17% | 0.31% | 0.38% |
ONB Old National Bancorp | 2.12% | 2.51% | 2.58% | 3.32% | 3.11% | 3.09% | 3.38% | 2.84% | 3.38% | 2.98% | 2.87% | 3.54% |
Financials
ONB vs. NBN - Financials Comparison
This section allows you to compare key financial metrics between Old National Bancorp and Northeast Bank. 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
ONB vs. NBN - Profitability Comparison
ONB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Old National Bancorp reported a gross profit of 664.97M and revenue of 1.00B. Therefore, the gross margin over that period was 66.2%.
NBN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Northeast Bank reported a gross profit of 65.92M and revenue of 104.71M. Therefore, the gross margin over that period was 63.0%.
ONB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Old National Bancorp reported an operating income of 324.19M and revenue of 1.00B, resulting in an operating margin of 32.3%.
NBN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Northeast Bank reported an operating income of 42.45M and revenue of 104.71M, resulting in an operating margin of 40.5%.
ONB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Old National Bancorp reported a net income of 253.41M and revenue of 1.00B, resulting in a net margin of 25.2%.
NBN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Northeast Bank reported a net income of 34.34M and revenue of 104.71M, resulting in a net margin of 32.8%.
Frequently Asked Questions
ONB and NBN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBN has higher volatility (12.80%) compared to ONB (6.57%). In terms of maximum drawdown, ONB dropped -60.83% vs NBN's -70.51%.
ONB currently has the higher Sharpe Ratio (1.30 vs 1.22), 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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