NMIH vs SPY
Comparison between NMI Holdings Inc - Class A (NMIH, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed NMIH, delivering a return of +13.9% compared to +8.6%
NMIH vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
NMIH
$2.91B
Winner
SPY
$735B
Expense Ratio
NMIH
N/A
SPY
0.09%
Max Drawdown
NMIH
73.07%
Winner
SPY
56.47%
Sharpe Ratio
NMIH
-0.15
Winner
SPY
2.02
5Y Beta
Winner
NMIH
0.60
SPY
1.00
Industry
NMIH
Insurance - Specialty
SPY
N/A
P/E Ratio
Winner
NMIH
7.62
SPY
28.62
Forward P/E
Winner
NMIH
7.27
SPY
22.20
PEG Ratio
NMIH
1.24
SPY
N/A
5Y Dividends CAGR
NMIH
N/A
SPY
5.43%
5Y EPS CAGR
NMIH
20.81%
Winner
SPY
26.35%
Debt to Equity
Winner
NMIH
0.00%
SPY
33.33%
Free Cash Flow Yield
NMIH
14.70%
SPY
N/A
P/S Ratio
NMIH
4.05
Winner
SPY
3.68
P/B Ratio
Winner
NMIH
1.09
SPY
5.52
NMIH vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
NMIH
-11.35%
Winner
SPY
+4.93%
3M
NMIH
-6.21%
Winner
SPY
+9.70%
6M
NMIH
-3.28%
Winner
SPY
+11.04%
1Y
NMIH
-5.82%
Winner
SPY
+28.41%
5Y(CAGR)
NMIH
+8.63%
Winner
SPY
+13.90%
10Y(CAGR)
Winner
NMIH
+19.37%
SPY
+15.45%
Max(CAGR)
NMIH
+8.02%
Winner
SPY
+8.55%
NMIH vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | NMIH | SPY |
|---|---|---|
| 2026 | -9.21% | +10.15% |
| 2025 | +11.45% | +18.00% |
| 2024 | +23.94% | +25.59% |
| 2023 | +40.40% | +26.72% |
| 2022 | -5.77% | -18.64% |
| 2021 | -0.68% | +30.52% |
| 2020 | -29.81% | +17.28% |
| 2019 | +85.78% | +31.09% |
| 2018 | +0.56% | -5.24% |
| 2017 | +57.41% | +20.78% |
| 2016 | +60.15% | +13.59% |
| 2015 | -26.01% | +1.31% |
| 2014 | -26.75% | +14.56% |
| 2013 | -9.07% | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
NMIH vs SPY Drawdown Comparison
The maximum drawdown for NMIH was -73.07%, occurring on Mar 23, 2020. Recovery took 1112 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current NMIH drawdown is -14.55%. The current SPY drawdown is -0.02%.
| Rank | NMIH | SPY |
|---|---|---|
| #1 | -73.07% Feb 11, 2020 - Jul 15, 2024 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -68.83% Nov 27, 2013 - Oct 20, 2017 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.87% Feb 26, 2018 - Aug 2, 2018 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -32.65% Sep 26, 2018 - Feb 19, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -21.42% Sep 16, 2024 - Jun 23, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -20.01% Jun 20, 2019 - Nov 7, 2019 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.08% Jul 3, 2025 - Oct 16, 2025 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.63% Jan 23, 2018 - Feb 16, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.57% Dec 19, 2019 - Feb 11, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.92% Jul 29, 2024 - Aug 23, 2024 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.89% Apr 26, 2019 - May 21, 2019 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -6.71% Aug 2, 2018 - Sep 10, 2018 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.11% Nov 13, 2019 - Dec 18, 2019 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -5.32% Sep 4, 2024 - Sep 16, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.18% Mar 21, 2019 - Apr 1, 2019 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between NMIH and SPY is 0.90 which considered as a strong positive correlation - the stocks tend to move together.
0.90
-101
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