HRTG vs IBCP
Comparison between Heritage Insurance Holdings Inc (HRTG, Company) and Independent Bank Corporation (Ionia MI) (IBCP, Company).
Both HRTG and IBCP are from the Financial Services sector.
5-Year PerformanceHRTG has outperformed IBCP, delivering a return of +23.7% compared to +14.5%
HRTG vs IBCP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HRTG vs IBCP - Historical Returns
Returns include dividend reinvestment.
HRTG vs IBCP - Annual Returns (2001 - 2026)
Returns include dividend reinvestment.
| Year | HRTG | IBCP |
|---|---|---|
| 2026 | -14.70% | +8.32% |
| 2025 | +139.44% | -2.22% |
| 2024 | +87.89% | +39.94% |
| 2023 | +252.43% | +12.93% |
| 2022 | -68.65% | +2.86% |
| 2021 | -41.81% | +32.60% |
| 2020 | -21.15% | -14.28% |
| 2019 | -9.90% | +9.60% |
| 2018 | -15.53% | -5.62% |
| 2017 | +14.64% | +3.33% |
| 2016 | -23.76% | +51.39% |
| 2015 | +11.63% | +22.89% |
| 2014 | +68.96% | +8.49% |
| 2013 | N/A | +242.86% |
| 2012 | N/A | +157.68% |
| 2011 | N/A | -2.21% |
| 2010 | N/A | +78.08% |
| 2009 | N/A | -67.38% |
| 2008 | N/A | -75.62% |
| 2007 | N/A | -60.53% |
| 2006 | N/A | -7.84% |
| 2005 | N/A | +0.96% |
| 2004 | N/A | +6.99% |
| 2003 | N/A | +57.58% |
| 2002 | N/A | +11.75% |
| 2001 | N/A | +54.45% |
HRTG vs IBCP Drawdown Comparison
The maximum drawdown for HRTG was -94.36%, occurring on Oct 20, 2022. Recovery took 2466 trading sessions.
The maximum drawdown for IBCP was -97.75%, occurring on Dec 1, 2009. Recovery took 3117 trading sessions.
The current HRTG drawdown is -25.27%. The current IBCP drawdown is -7.61%.
| Rank | HRTG | IBCP |
|---|---|---|
| #1 | -94.36% Jul 17, 2015 - May 7, 2025 | -97.75% Dec 1, 2005 - Apr 23, 2018 |
| #2 | -32.95% Nov 14, 2025 - Jun 3, 2026 | -61.76% Jun 8, 2018 - Mar 12, 2021 |
| #3 | -26.90% May 9, 2025 - Sep 19, 2025 | -36.44% Dec 1, 2022 - Dec 13, 2023 |
| #4 | -19.47% Sep 19, 2025 - Nov 7, 2025 | -29.16% Jan 14, 2022 - Dec 1, 2022 |
| #5 | -11.87% Mar 11, 2015 - Jun 30, 2015 | -27.46% Nov 11, 2024 - Apr 4, 2025 |
| #6 | -11.09% Nov 5, 2014 - Dec 9, 2014 | -20.87% Dec 11, 2003 - Nov 29, 2004 |
| #7 | -10.65% Jul 1, 2014 - Oct 21, 2014 | -18.51% Apr 12, 2021 - Nov 5, 2021 |
| #8 | -5.07% Dec 23, 2014 - Feb 5, 2015 | -18.26% Aug 22, 2001 - Dec 11, 2001 |
| #9 | -5.00% Dec 9, 2014 - Dec 22, 2014 | -17.08% Jun 14, 2002 - Aug 26, 2002 |
| #10 | -4.26% Jun 20, 2014 - Jul 1, 2014 | -13.78% Mar 7, 2005 - Jul 28, 2005 |
| #11 | -3.08% Jun 9, 2014 - Jun 11, 2014 | -13.47% Jan 30, 2024 - Jun 28, 2024 |
| #12 | -2.63% Jul 6, 2015 - Jul 14, 2015 | -12.84% Oct 1, 2002 - Apr 22, 2003 |
| #13 | -2.13% Nov 7, 2025 - Nov 12, 2025 | -12.05% May 31, 2001 - Jul 16, 2001 |
| #14 | -1.90% Mar 6, 2015 - Mar 11, 2015 | -11.89% Jun 4, 2003 - Jul 2, 2003 |
| #15 | -1.79% Oct 21, 2014 - Oct 24, 2014 | -11.09% Sep 19, 2024 - Nov 6, 2024 |
Correlation
Correlation between HRTG and IBCP is 0.27 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2001 - 2026)
HRTG vs IBCP dividend yield comparison.
| Year | HRTG | IBCP |
|---|---|---|
| 2026 | 0.00% | 1.63% |
| 2025 | 0.00% | 3.20% |
| 2024 | 0.00% | 2.76% |
| 2023 | 0.00% | 3.54% |
| 2022 | 6.67% | 3.68% |
| 2021 | 4.08% | 3.52% |
| 2020 | 2.37% | 4.33% |
| 2019 | 1.81% | 3.18% |
| 2018 | 1.63% | 2.85% |
| 2017 | 1.33% | 1.88% |
| 2016 | 1.47% | 1.57% |
| 2015 | 0.23% | 1.71% |
| 2014 | 0.00% | 1.38% |
| 2009 | 0.00% | 4.17% |
| 2008 | 0.00% | 15.74% |
| 2007 | 0.00% | 8.74% |
| 2005 | 0.00% | 2.62% |
| 2004 | 0.00% | 1.64% |
| 2003 | 0.00% | 2.52% |
| 2002 | 0.00% | 2.38% |
| 2001 | 0.00% | 2.18% |
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