UNTY vs. NRIM
UNTY (Unity Bancorp, Inc.) and NRIM (Northrim 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 19.11%/yr for NRIM. At a 0.17 correlation, their price movements are largely independent.
Performance
UNTY vs. NRIM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UNTY achieves a 7.87% return, which is significantly higher than NRIM's -3.84% return. Both investments have delivered pretty close results over the past 10 years, with UNTY having a 18.83% annualized return and NRIM not far ahead at 19.11%.
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%
NRIM
- 1D
- 0.20%
- 1M
- 3.17%
- YTD
- -3.84%
- 6M
- -5.96%
- 1Y
- 19.69%
- 3Y*
- 44.87%
- 5Y*
- 23.11%
- 10Y*
- 19.11%
UNTY vs. NRIM - 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% |
NRIM Northrim BanCorp, Inc. | -3.84% | 40.49% | 41.92% | 10.39% | 30.72% | 32.47% | -7.18% | 20.60% | -0.26% | 10.12% |
Correlation
The correlation between UNTY and NRIM is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 1997 | 0.17 |
Over the past year, UNTY and NRIM have become more correlated (0.74) than their long-term average of 0.17, meaning their price movements have been converging.
Fundamentals
UNTY:
$565.53M
NRIM:
$570.31M
UNTY:
$5.94
NRIM:
$2.89
UNTY:
9.33
NRIM:
8.75
UNTY:
0.65
NRIM:
0.37
UNTY:
2.68
NRIM:
2.45
UNTY:
1.58
NRIM:
1.70
UNTY:
$211.06M
NRIM:
$231.67M
UNTY:
$134.39M
NRIM:
$150.57M
UNTY:
$80.35M
NRIM:
$85.22M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UNTY vs. NRIM — Risk / Return Rank
UNTY
NRIM
UNTY vs. NRIM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Unity Bancorp, Inc. (UNTY) and Northrim BanCorp, Inc. (NRIM). 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 | NRIM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 0.79 | +0.96 |
| Martin ratioReturn relative to average drawdown | 3.87 | 1.46 | +2.41 |
Loading charts...
Drawdowns
UNTY vs. NRIM - Drawdown Comparison
The maximum UNTY drawdown since its inception was -88.69%, which is greater than NRIM's maximum drawdown of -74.58%. Use the drawdown chart below to compare losses from any high point for UNTY and NRIM.
Loading charts...
Drawdown Indicators
| UNTY | NRIM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.69% | -74.58% | -14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -16.10% | -24.94% | +8.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.58% | -24.94% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -30.94% | -37.20% | +6.26% |
Max Drawdown (10Y)Largest decline over 10 years | -59.97% | -54.04% | -5.93% |
Current DrawdownCurrent decline from peak | -2.37% | -14.02% | +11.65% |
Average DrawdownAverage peak-to-trough decline | -35.09% | -17.30% | -17.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.28% | 13.49% | -6.21% |
Volatility
UNTY vs. NRIM - Volatility Comparison
Unity Bancorp, Inc. (UNTY) has a higher volatility of 8.05% compared to Northrim BanCorp, Inc. (NRIM) at 7.54%. This indicates that UNTY's price experiences larger fluctuations and is considered to be riskier than NRIM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UNTY | NRIM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 7.54% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 18.52% | 26.87% | -8.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.69% | 35.61% | -5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.70% | 33.34% | -3.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.32% | 37.44% | +4.88% |
Dividends
UNTY vs. NRIM - Dividend Comparison
UNTY's dividend yield for the trailing twelve months is around 1.12%, less than NRIM's 2.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRIM Northrim BanCorp, Inc. | 2.53% | 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. | 1.12% | 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. NRIM - Financials Comparison
This section allows you to compare key financial metrics between Unity Bancorp, Inc. and Northrim 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
UNTY vs. NRIM - Profitability Comparison
UNTY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Unity Bancorp, Inc. reported a gross profit of 32.56M and revenue of 48.06M. Therefore, the gross margin over that period was 67.8%.
NRIM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northrim BanCorp, Inc. reported a gross profit of 0.00 and revenue of 44.90M. Therefore, the gross margin over that period was 0.0%.
UNTY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Unity Bancorp, Inc. reported an operating income of 19.24M and revenue of 48.06M, resulting in an operating margin of 40.0%.
NRIM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northrim BanCorp, Inc. reported an operating income of 14.88M and revenue of 44.90M, resulting in an operating margin of 33.1%.
UNTY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Unity Bancorp, Inc. reported a net income of 14.29M and revenue of 48.06M, resulting in a net margin of 29.7%.
NRIM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northrim BanCorp, Inc. reported a net income of 13.68M and revenue of 44.90M, resulting in a net margin of 30.5%.
Frequently Asked Questions
UNTY and NRIM have a correlation of 0.74, 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 NRIM (7.54%). In terms of maximum drawdown, UNTY dropped -88.69% vs NRIM's -74.58%.
UNTY currently has the higher Sharpe Ratio (0.95 vs 0.56), 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.
Find the right allocation for UNTY and NRIM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer