MIAX vs BH-A

Comparison between Miami International Holdings Inc (MIAX, Company) and Biglari Holdings Inc - Class A (BH-A, Company).

MIAX is from the Financial Services sector, while BH-A is from the Consumer Cyclical sector.

MIAX vs BH-A - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MIAX(COMPANY)	BH-A(COMPANY)
Market Cap	$4.29B	$4.28B
Max Drawdown	37.00%	77.48%
Sharpe Ratio	0.96	0.84
5Y Beta	0.57	0.51
Industry	Capital Markets	Restaurants
P/E Ratio	32.17	192.33
Debt to Equity	0.13%	40.64%
Free Cash Flow Yield	5.87%	1.90%
P/S Ratio	N/A	3.32
P/B Ratio	N/A	1.70

Market Cap

Winner

MIAX

$4.29B

BH-A

$4.28B

Max Drawdown

Winner

MIAX

37.00%

BH-A

77.48%

Sharpe Ratio

Winner

MIAX

0.96

BH-A

0.84

5Y Beta

MIAX

0.57

Winner

BH-A

0.51

Industry

MIAX

Capital Markets

BH-A

Restaurants

P/E Ratio

Winner

MIAX

32.17

BH-A

192.33

Debt to Equity

Winner

MIAX

0.13%

BH-A

40.64%

Free Cash Flow Yield

Winner

MIAX

5.87%

BH-A

1.90%

P/S Ratio

MIAX

N/A

BH-A

3.32

P/B Ratio

MIAX

N/A

BH-A

1.70

MIAX vs BH-A - Historical Returns

Returns include dividend reinvestment.

Period	MIAX	BH-A
1 month	+3.76%	-4.43%
3 months	-20.49%	+41.76%
6 months	+4.18%	-5.32%
1 year	+42.81%	+37.60%
5 years(CAGR)	N/A	+16.26%
10 years(CAGR)	N/A	+6.06%
Max(CAGR)	+42.99%	+6.06%

Winner

MIAX

+3.76%

BH-A

-4.43%

MIAX

-20.49%

Winner

BH-A

+41.76%

Winner

MIAX

+4.18%

BH-A

-5.32%

Winner

MIAX

+42.81%

BH-A

+37.60%

5Y(CAGR)

MIAX

N/A

BH-A

+16.26%

10Y(CAGR)

MIAX

N/A

BH-A

+6.06%

Max(CAGR)

Winner

MIAX

+42.99%

BH-A

+6.06%

MIAX vs BH-A - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	MIAX	BH-A
2026	+0.57%	+5.37%
2025	+44.37%	+37.01%
2024	N/A	+60.59%
2023	N/A	+14.88%
2022	N/A	-1.08%
2021	N/A	+20.87%
2020	N/A	-0.68%
2019	N/A	-5.44%
2018	N/A	-50.01%

MIAX vs BH-A Drawdown Comparison

The maximum drawdown for MIAX was -37.00%, occurring on Jun 23, 2026. This drawdown has not yet recovered.

The maximum drawdown for BH-A was -77.48%, occurring on May 15, 2020. Recovery took 1668 trading sessions.

The current MIAX drawdown is -22.77%. The current BH-A drawdown is -22.30%.

Rank	MIAX	BH-A
#1	-37.00% May 14, 2026 - Jun 23, 2026	-77.48% May 1, 2018 - Dec 16, 2024
#2	-26.79% Nov 12, 2025 - May 8, 2026	-45.84% Jan 21, 2026 - May 11, 2026
#3	-7.16% Oct 8, 2025 - Nov 3, 2025	-24.85% Dec 26, 2024 - Jun 18, 2025
#4	-7.08% Sep 25, 2025 - Oct 3, 2025	-22.73% Oct 27, 2025 - Dec 23, 2025
#5	-7.00% Aug 29, 2025 - Sep 8, 2025	-13.54% Jul 23, 2025 - Aug 15, 2025
#6	-3.06% Aug 21, 2025 - Aug 27, 2025	-8.99% Dec 17, 2024 - Dec 26, 2024
#7	-2.66% Nov 3, 2025 - Nov 5, 2025	-7.47% Dec 23, 2025 - Jan 6, 2026
#8	-2.54% Sep 8, 2025 - Sep 16, 2025	-5.99% Aug 28, 2025 - Oct 2, 2025
#9	-2.16% Sep 18, 2025 - Sep 22, 2025	-5.15% Aug 15, 2025 - Aug 27, 2025
#10	-0.36% Aug 19, 2025 - Aug 21, 2025	-3.02% Oct 9, 2025 - Oct 13, 2025
#11	N/A	-2.74% Jun 23, 2025 - Jul 8, 2025
#12	N/A	-2.20% Jan 16, 2026 - Jan 21, 2026
#13	N/A	-2.01% Jul 9, 2025 - Jul 17, 2025
#14	N/A	-1.31% Oct 15, 2025 - Oct 17, 2025
#15	N/A	-1.00% Oct 2, 2025 - Oct 7, 2025