HE vs MBIN
Comparison between Hawaiian Electric Industries Inc (HE, Company) and Merchants Bancorp (MBIN, Company).
HE is from the Utilities sector, while MBIN is from the Financial Services sector.
5-Year PerformanceMBIN has outperformed HE, delivering a return of +14.3% compared to -19.0%
HE vs MBIN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HE vs MBIN - Historical Returns
Returns include dividend reinvestment.
HE vs MBIN - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | HE | MBIN |
|---|---|---|
| 2026 | +7.44% | +51.46% |
| 2025 | +30.16% | -4.28% |
| 2024 | -36.82% | -11.59% |
| 2023 | -64.50% | +78.46% |
| 2022 | +4.94% | -21.45% |
| 2021 | +23.68% | +71.57% |
| 2020 | -20.44% | +45.19% |
| 2019 | +35.50% | -0.29% |
| 2018 | +6.66% | +0.99% |
| 2017 | +14.06% | +17.42% |
| 2016 | +19.37% | N/A |
| 2015 | -10.31% | N/A |
| 2014 | +37.86% | N/A |
| 2013 | +5.63% | N/A |
| 2012 | +1.01% | N/A |
| 2011 | +21.50% | N/A |
| 2010 | +15.07% | N/A |
| 2009 | +0.82% | N/A |
| 2008 | +3.25% | N/A |
| 2007 | -12.51% | N/A |
| 2006 | +8.36% | N/A |
| 2005 | -5.14% | N/A |
| 2004 | +28.96% | N/A |
| 2003 | +12.78% | N/A |
| 2002 | +14.99% | N/A |
| 2001 | +17.61% | N/A |
| 2000 | +42.83% | N/A |
| 1999 | -13.16% | N/A |
HE vs MBIN Drawdown Comparison
The maximum drawdown for HE was -83.26%, occurring on Jul 8, 2024. This drawdown has not yet recovered.
The maximum drawdown for MBIN was -53.74%, occurring on Apr 15, 2020. Recovery took 608 trading sessions.
The current HE drawdown is -70.65%. The current MBIN drawdown is -2.90%.
| Rank | HE | MBIN |
|---|---|---|
| #1 | -83.26% Mar 18, 2020 - Jul 8, 2024 | -53.74% Jun 20, 2018 - Nov 17, 2020 |
| #2 | -56.84% Sep 29, 2008 - Apr 1, 2011 | -43.94% Jul 26, 2024 - Aug 1, 2025 |
| #3 | -25.49% May 8, 2002 - Oct 21, 2002 | -33.58% Jan 14, 2022 - Nov 15, 2023 |
| #4 | -25.16% Aug 1, 2006 - May 12, 2008 | -22.34% May 6, 2021 - Nov 1, 2021 |
| #5 | -20.29% Feb 14, 2020 - Mar 18, 2020 | -17.90% May 13, 2024 - Jul 16, 2024 |
| #6 | -19.48% Jan 29, 2015 - May 4, 2016 | -17.73% Jan 30, 2024 - May 3, 2024 |
| #7 | -18.79% May 12, 2011 - Oct 27, 2011 | -12.34% Mar 12, 2021 - May 4, 2021 |
| #8 | -17.72% Nov 4, 2002 - May 27, 2003 | -12.09% Mar 26, 2018 - May 2, 2018 |
| #9 | -17.26% Nov 30, 2017 - Oct 30, 2018 | -10.62% Nov 23, 2021 - Jan 7, 2022 |
| #10 | -16.78% Jun 29, 2016 - Dec 19, 2016 | -8.47% Jan 23, 2018 - Mar 5, 2018 |
| #11 | -16.74% Nov 3, 1999 - Apr 13, 2000 | -7.48% Dec 27, 2023 - Jan 24, 2024 |
| #12 | -16.37% May 11, 2000 - Dec 26, 2000 | -6.88% Dec 17, 2020 - Jan 6, 2021 |
| #13 | -16.05% Feb 4, 2005 - Jun 29, 2006 | -6.46% Jan 12, 2021 - Feb 1, 2021 |
| #14 | -15.92% Jul 18, 2012 - Apr 30, 2013 | -6.21% Dec 12, 2017 - Jan 12, 2018 |
| #15 | -14.36% Apr 30, 2013 - Sep 22, 2014 | -5.68% Nov 17, 2020 - Dec 10, 2020 |
Correlation
Correlation between HE and MBIN is -0.69 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (1999 - 2026)
HE vs MBIN dividend yield comparison.
| Year | HE | MBIN |
|---|---|---|
| 2026 | 0.00% | 0.44% |
| 2025 | 0.00% | 1.17% |
| 2024 | 0.00% | 0.99% |
| 2023 | 7.61% | 0.75% |
| 2022 | 3.35% | 1.15% |
| 2021 | 3.28% | 0.76% |
| 2020 | 3.73% | 1.16% |
| 2019 | 2.73% | 1.42% |
| 2018 | 3.39% | 1.20% |
| 2017 | 3.43% | 0.25% |
| 2016 | 3.75% | 0.00% |
| 2015 | 4.28% | 0.00% |
| 2014 | 3.70% | 0.00% |
| 2013 | 4.76% | 0.00% |
| 2012 | 4.93% | 0.00% |
| 2011 | 4.68% | 0.00% |
| 2010 | 5.44% | 0.00% |
| 2009 | 5.93% | 0.00% |
| 2008 | 5.60% | 0.00% |
| 2007 | 5.45% | 0.00% |
| 2006 | 4.57% | 0.00% |
| 2005 | 4.79% | 0.00% |
| 2004 | 4.25% | 0.00% |
| 2003 | 5.24% | 0.00% |
| 2002 | 5.64% | 0.00% |
| 2001 | 6.16% | 0.00% |
| 2000 | 6.67% | 0.00% |
| 1999 | 2.15% | 0.00% |
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