UNTY vs. NECB
UNTY (Unity Bancorp, Inc.) and NECB (Northeast Community Bancorp, Inc.) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, UNTY returned 18.83%/yr vs 21.26%/yr for NECB. At a 0.16 correlation, their price movements are largely independent.
Performance
UNTY vs. NECB - Performance Comparison
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Returns By Period
In the year-to-date period, UNTY achieves a 7.87% return, which is significantly lower than NECB's 16.75% return. Over the past 10 years, UNTY has underperformed NECB with an annualized return of 18.83%, while NECB has yielded a comparatively higher 21.26% annualized return.
UNTY
- 1D
- 0.04%
- 1M
- 1.90%
- YTD
- 7.87%
- 6M
- 3.33%
- 1Y
- 28.13%
- 3Y*
- 35.00%
- 5Y*
- 22.23%
- 10Y*
- 18.83%
NECB
- 1D
- 0.82%
- 1M
- 8.17%
- YTD
- 16.75%
- 6M
- 14.67%
- 1Y
- 20.02%
- 3Y*
- 26.14%
- 5Y*
- 20.72%
- 10Y*
- 21.26%
UNTY vs. NECB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UNTY Unity Bancorp, Inc. | 7.87% | 20.07% | 49.81% | 10.35% | 5.75% | 51.89% | -20.60% | 10.33% | 6.38% | 27.43% |
NECB Northeast Community Bancorp, Inc. | 16.75% | -3.51% | 41.77% | 20.41% | 38.91% | 10.09% | 16.28% | 9.72% | 11.13% | 29.67% |
Correlation
The correlation between UNTY and NECB is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.16 |
Over the past year, UNTY and NECB have become more correlated (0.69) than their long-term average of 0.16, meaning their price movements have been converging.
Fundamentals
UNTY:
$565.53M
NECB:
$350.90M
UNTY:
$5.94
NECB:
$2.49
UNTY:
9.33
NECB:
10.41
UNTY:
0.65
NECB:
0.19
UNTY:
2.68
NECB:
3.01
UNTY:
1.58
NECB:
0.98
UNTY:
$211.06M
NECB:
$116.88M
UNTY:
$134.39M
NECB:
$77.77M
UNTY:
$80.35M
NECB:
$48.19M
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Return for Risk
UNTY vs. NECB — Risk / Return Rank
UNTY
NECB
UNTY vs. NECB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unity Bancorp, Inc. (UNTY) and Northeast Community Bancorp, Inc. (NECB). 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.
| UNTY | NECB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.14 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.07 | +0.68 |
| Martin ratioReturn relative to average drawdown | 3.87 | 2.18 | +1.69 |
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Drawdowns
UNTY vs. NECB - Drawdown Comparison
The maximum UNTY drawdown since its inception was -88.69%, which is greater than NECB's maximum drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for UNTY and NECB.
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Drawdown Indicators
| UNTY | NECB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.69% | -61.91% | -26.78% |
Max Drawdown (1Y)Largest decline over 1 year | -16.10% | -18.77% | +2.67% |
Max Drawdown (3Y)Largest decline over 3 years | -23.58% | -34.54% | +10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -30.94% | -34.54% | +3.60% |
Max Drawdown (10Y)Largest decline over 10 years | -59.97% | -47.80% | -12.17% |
Current DrawdownCurrent decline from peak | -2.37% | -11.43% | +9.06% |
Average DrawdownAverage peak-to-trough decline | -35.09% | -24.84% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 9.19% | -1.91% |
Volatility
UNTY vs. NECB - Volatility Comparison
Unity Bancorp, Inc. (UNTY) has a higher volatility of 8.05% compared to Northeast Community Bancorp, Inc. (NECB) at 5.67%. This indicates that UNTY's price experiences larger fluctuations and is considered to be riskier than NECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UNTY | NECB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 5.67% | +2.38% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 15.77% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.69% | 26.62% | +3.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.70% | 24.94% | +4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.32% | 29.14% | +13.18% |
Dividends
UNTY vs. NECB - Dividend Comparison
UNTY's dividend yield for the trailing twelve months is around 1.12%, less than NECB's 3.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NECB Northeast Community Bancorp, Inc. | 3.85% | 4.20% | 2.29% | 1.01% | 2.82% | 1.82% | 1.09% | 1.00% | 1.08% | 1.19% | 1.52% | 1.69% |
UNTY Unity Bancorp, Inc. | 1.12% | 1.12% | 1.19% | 1.62% | 1.57% | 1.37% | 1.82% | 1.37% | 1.30% | 1.16% | 1.07% | 1.12% |
Financials
UNTY vs. NECB - Financials Comparison
This section allows you to compare key financial metrics between Unity Bancorp, Inc. and Northeast Community 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
Frequently Asked Questions
UNTY and NECB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNTY has higher volatility (8.05%) compared to NECB (5.67%). In terms of maximum drawdown, UNTY dropped -88.69% vs NECB's -61.91%.
UNTY currently has the higher Sharpe Ratio (0.95 vs 0.76), 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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