NIC vs BLSH

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

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

NIC vs BLSH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

NIC

$3.57B

Winner

BLSH

$3.58B

Max Drawdown

Winner

NIC

44.31%

BLSH

70.68%

Sharpe Ratio

Winner

NIC

0.74

BLSH

-1.03

5Y Beta

Winner

NIC

0.81

BLSH

2.68

Industry

NIC

Banks - Regional

BLSH

Software - Infrastructure

P/E Ratio

NIC

19.33

Winner

BLSH

-3.59

Forward P/E

Winner

NIC

14.84

BLSH

38.17

PEG Ratio

NIC

10.15

Winner

BLSH

-0.02

Dividend Yield

NIC

0.38%

BLSH

N/A

5Y EPS CAGR

NIC

5.32%

BLSH

N/A

Debt to Equity

Winner

NIC

7.97%

BLSH

19.14%

Free Cash Flow Yield

Winner

NIC

3.47%

BLSH

2.76%

P/S Ratio

Winner

NIC

6.99

BLSH

13.39

P/B Ratio

NIC

1.58

Winner

BLSH

1.42

NIC vs BLSH - Historical Returns

Returns include dividend reinvestment.

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

Winner

NIC

+8.48%

BLSH

+2.13%

Winner

NIC

+16.89%

BLSH

-40.00%

Winner

NIC

+20.64%

BLSH

-32.95%

Winner

NIC

+28.83%

BLSH

-64.75%

5Y(CAGR)

NIC

+20.39%

BLSH

N/A

10Y(CAGR)

NIC

+17.15%

BLSH

N/A

Max(CAGR)

Winner

NIC

+17.61%

BLSH

-66.84%

NIC vs BLSH - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

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

NIC vs BLSH Drawdown Comparison

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

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

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

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

Correlation

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

-0.68

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