BLSH vs NIC

Comparison between Bullish (BLSH, Company) and Nicolet Bankshares Inc (NIC, Company).

BLSH is from the Technology sector, while NIC is from the Financial Services sector.

BLSH vs NIC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BLSH(COMPANY)	NIC(COMPANY)
Market Cap	$3.58B	$3.57B
Max Drawdown	70.68%	44.31%
Sharpe Ratio	-1.03	0.74
5Y Beta	2.68	0.81
Industry	Software - Infrastructure	Banks - Regional
P/E Ratio	-3.59	19.33
Forward P/E	38.17	14.84
PEG Ratio	-0.02	10.15
Dividend Yield	N/A	0.38%
5Y EPS CAGR	N/A	5.32%
Debt to Equity	19.14%	7.97%
Free Cash Flow Yield	2.76%	3.47%
P/S Ratio	13.39	6.99
P/B Ratio	1.42	1.58

Market Cap

Winner

BLSH

$3.58B

NIC

$3.57B

Max Drawdown

BLSH

70.68%

Winner

NIC

44.31%

Sharpe Ratio

BLSH

-1.03

Winner

NIC

0.74

5Y Beta

BLSH

2.68

Winner

NIC

0.81

Industry

BLSH

Software - Infrastructure

NIC

Banks - Regional

P/E Ratio

Winner

BLSH

-3.59

NIC

19.33

Forward P/E

BLSH

38.17

Winner

NIC

14.84

PEG Ratio

Winner

BLSH

-0.02

NIC

10.15

Dividend Yield

BLSH

N/A

NIC

0.38%

5Y EPS CAGR

BLSH

N/A

NIC

5.32%

Debt to Equity

BLSH

19.14%

Winner

NIC

7.97%

Free Cash Flow Yield

BLSH

2.76%

Winner

NIC

3.47%

P/S Ratio

BLSH

13.39

Winner

NIC

6.99

P/B Ratio

Winner

BLSH

1.42

NIC

1.58

BLSH vs NIC - Historical Returns

Returns include dividend reinvestment.

Period	BLSH	NIC
1 month	+2.13%	+8.48%
3 months	-40.00%	+16.89%
6 months	-32.95%	+20.64%
1 year	-64.75%	+28.83%
5 years(CAGR)	N/A	+20.39%
10 years(CAGR)	N/A	+17.15%
Max(CAGR)	-66.84%	+17.61%

BLSH

+2.13%

Winner

NIC

+8.48%

BLSH

-40.00%

Winner

NIC

+16.89%

BLSH

-32.95%

Winner

NIC

+20.64%

BLSH

-64.75%

Winner

NIC

+28.83%

5Y(CAGR)

BLSH

N/A

NIC

+20.39%

10Y(CAGR)

BLSH

N/A

NIC

+17.15%

Max(CAGR)

BLSH

-66.84%

Winner

NIC

+17.61%

BLSH vs NIC - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	BLSH	NIC
2026	-38.95%	+41.45%
2025	-44.31%	+18.95%
2024	N/A	+31.36%
2023	N/A	+3.14%
2022	N/A	-8.73%
2021	N/A	+27.09%
2020	N/A	-9.75%
2019	N/A	+48.62%
2018	N/A	-8.79%
2017	N/A	+13.85%
2016	N/A	+50.02%

BLSH vs NIC Drawdown Comparison

The maximum drawdown for BLSH was -70.68%, occurring on Jun 25, 2026. This drawdown has not yet recovered.

The maximum drawdown for NIC was -44.31%, occurring on May 4, 2023. Recovery took 578 trading sessions.

The current BLSH drawdown is -67.88%. The current NIC drawdown is -1.30%.

Rank	BLSH	NIC
#1	-70.68% Aug 14, 2025 - Jun 25, 2026	-44.31% Mar 14, 2022 - Jul 17, 2024
#2	N/A	-37.05% Dec 20, 2019 - Feb 23, 2021
#3	N/A	-24.22% Oct 5, 2017 - Apr 26, 2019
#4	N/A	-22.15% May 2, 2016 - Dec 20, 2016
#5	N/A	-20.28% Mar 26, 2021 - Dec 23, 2021
#6	N/A	-17.90% Feb 20, 2026 - Jun 25, 2026
#7	N/A	-17.88% Jul 17, 2025 - Jan 21, 2026
#8	N/A	-16.85% Jul 26, 2024 - Oct 16, 2024
#9	N/A	-15.85% Mar 3, 2025 - May 2, 2025
#10	N/A	-12.22% Nov 6, 2024 - Feb 4, 2025
#11	N/A	-9.14% Mar 31, 2016 - Apr 27, 2016
#12	N/A	-7.54% Feb 23, 2017 - May 1, 2017
#13	N/A	-7.41% May 27, 2025 - Jun 27, 2025
#14	N/A	-6.54% Jul 3, 2017 - Sep 1, 2017
#15	N/A	-6.40% May 4, 2017 - Jun 9, 2017

Correlation

Correlation between BLSH and NIC is -0.68 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.68

-101