INDB vs ALE
Comparison between Independent Bank Corp (INDB, Company) and ALLETE, Inc. (ALE, Company).
INDB is from the Financial Services sector, while ALE is from the Utilities sector.
5-Year PerformanceINDB has outperformed ALE, delivering a return of +4.0% compared to +3.0%
INDB vs ALE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
INDB vs ALE - Historical Returns
Returns include dividend reinvestment.
INDB vs ALE - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | INDB | ALE |
|---|---|---|
| 2026 | +12.72% | +0.00% |
| 2025 | +19.78% | +8.18% |
| 2024 | +2.44% | +8.85% |
| 2023 | -17.02% | -1.62% |
| 2022 | +3.94% | +1.27% |
| 2021 | +15.04% | +11.92% |
| 2020 | -9.78% | -19.81% |
| 2019 | +18.14% | +13.71% |
| 2018 | +3.24% | +6.41% |
| 2017 | +1.19% | +20.35% |
| 2016 | +58.20% | +33.87% |
| 2015 | +13.16% | -4.59% |
| 2014 | +14.22% | +16.73% |
| 2013 | +34.53% | +22.93% |
| 2012 | +6.28% | +4.37% |
| 2011 | -0.44% | +16.34% |
| 2010 | +31.22% | +18.89% |
| 2009 | -17.19% | +6.66% |
| 2008 | +3.50% | -12.20% |
| 2007 | -22.69% | -12.13% |
| 2006 | +25.42% | +5.41% |
| 2005 | -11.86% | +24.22% |
| 2004 | +21.49% | +24.41% |
| 2003 | +24.60% | +38.15% |
| 2002 | +6.74% | -7.76% |
| 2001 | +81.79% | +11.58% |
| 2000 | +2.42% | +61.13% |
| 1999 | -5.83% | -7.48% |
INDB vs ALE Drawdown Comparison
The maximum drawdown for INDB was -68.87%, occurring on Mar 9, 2009. Recovery took 1526 trading sessions.
The maximum drawdown for ALE was -48.82%, occurring on Mar 5, 2009. Recovery took 1056 trading sessions.
The current INDB drawdown is -4.08%. The current ALE drawdown is -0.82%.
| Rank | INDB | ALE |
|---|---|---|
| #1 | -68.87% Dec 27, 2006 - Jan 22, 2013 | -48.82% Apr 25, 2007 - Jul 1, 2011 |
| #2 | -52.59% Mar 12, 2021 - Feb 3, 2026 | -42.20% Sep 25, 2019 - May 15, 2020 |
| #3 | -42.91% Sep 7, 2018 - Feb 24, 2021 | -37.23% May 2, 2002 - Oct 24, 2003 |
| #4 | -33.80% Apr 16, 2002 - Aug 12, 2003 | -26.84% Jun 10, 2004 - Nov 12, 2004 |
| #5 | -31.92% Nov 3, 1999 - Aug 11, 2000 | -21.32% Jan 27, 2015 - Mar 10, 2016 |
| #6 | -30.44% Sep 20, 2000 - Feb 13, 2001 | -20.22% Sep 4, 2001 - Jan 30, 2002 |
| #7 | -29.03% Dec 1, 2004 - Nov 15, 2006 | -19.20% Nov 5, 1999 - Apr 25, 2000 |
| #8 | -27.91% Aug 21, 2001 - Nov 20, 2001 | -18.63% Dec 28, 2000 - Mar 30, 2001 |
| #9 | -20.30% Nov 27, 2015 - Aug 5, 2016 | -18.57% Jul 11, 2005 - Feb 6, 2007 |
| #10 | -17.28% Feb 10, 2004 - Sep 9, 2004 | -15.85% Nov 30, 2017 - Jul 5, 2018 |
| #11 | -15.54% Jan 4, 2017 - Jul 21, 2017 | -14.65% Sep 11, 2000 - Dec 8, 2000 |
| #12 | -14.30% Feb 6, 2026 - Mar 18, 2026 | -13.60% Mar 31, 2014 - Oct 30, 2014 |
| #13 | -13.73% Jul 20, 2015 - Nov 6, 2015 | -13.49% Jul 21, 2011 - Dec 22, 2011 |
| #14 | -13.47% Apr 1, 2014 - Oct 31, 2014 | -13.45% Jun 28, 2000 - Jul 10, 2000 |
| #15 | -12.73% Dec 30, 2014 - Mar 16, 2015 | -13.40% Jul 30, 2013 - Mar 25, 2014 |
Correlation
Correlation between INDB and ALE is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (1999 - 2026)
INDB vs ALE dividend yield comparison.
| Year | INDB | ALE |
|---|---|---|
| 2026 | 0.78% | 0.00% |
| 2025 | 3.23% | 3.23% |
| 2024 | 3.55% | 4.35% |
| 2023 | 3.34% | 4.43% |
| 2022 | 2.46% | 4.03% |
| 2021 | 2.35% | 3.80% |
| 2020 | 2.52% | 3.99% |
| 2019 | 2.11% | 2.90% |
| 2018 | 2.16% | 2.94% |
| 2017 | 1.83% | 2.88% |
| 2016 | 1.65% | 3.24% |
| 2015 | 2.24% | 3.97% |
| 2014 | 2.24% | 3.55% |
| 2013 | 2.25% | 3.81% |
| 2012 | 2.90% | 4.49% |
| 2011 | 2.78% | 4.24% |
| 2010 | 2.66% | 4.72% |
| 2009 | 3.45% | 5.39% |
| 2008 | 2.75% | 5.33% |
| 2007 | 2.50% | 4.14% |
| 2006 | 1.78% | 3.12% |
| 2005 | 2.10% | 2.83% |
| 2004 | 1.66% | 3.12% |
| 2003 | 1.84% | 3.69% |
| 2002 | 2.11% | 4.85% |
| 2001 | 2.05% | 4.25% |
| 2000 | 3.20% | 4.32% |
| 1999 | 0.80% | 0.00% |
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