NODK vs MBAV

Comparison between NI Holdings Inc (NODK, Company) and M3-Brigade Acquisition V Corp. Class A Ordinary shares (MBAV, Company).

Both NODK and MBAV are from the Financial Services sector.

NODK vs MBAV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	NODK(COMPANY)	MBAV(COMPANY)
Market Cap	$320M	$320M
Max Drawdown	44.88%	27.94%
Sharpe Ratio	0.69	0.09
5Y Beta	0.46	N/A
Industry	Insurance - Property & Casualty	Shell Companies
P/E Ratio	-75.57	59.95
Debt to Equity	0.96%	1.24%
Free Cash Flow Yield	-8.51%	-0.89%
P/B Ratio	N/A	1.35

Market Cap

Winner

NODK

$320M

MBAV

$320M

Max Drawdown

NODK

44.88%

Winner

MBAV

27.94%

Sharpe Ratio

Winner

NODK

0.69

MBAV

0.09

5Y Beta

NODK

0.46

MBAV

N/A

Industry

NODK

Insurance - Property & Casualty

MBAV

Shell Companies

P/E Ratio

Winner

NODK

-75.57

MBAV

59.95

Debt to Equity

Winner

NODK

0.96%

MBAV

1.24%

Free Cash Flow Yield

NODK

-8.51%

Winner

MBAV

-0.89%

P/B Ratio

NODK

N/A

MBAV

1.35

NODK vs MBAV - Historical Returns

Returns include dividend reinvestment.

Period	NODK	MBAV
1 month	-1.51%	+3.14%
3 months	+19.89%	+2.69%
6 months	+16.15%	+4.89%
1 year	+19.89%	+4.49%
5 years(CAGR)	-4.83%	N/A
10 years(CAGR)	+0.61%	N/A
Max(CAGR)	+0.61%	+6.14%

NODK

-1.51%

Winner

MBAV

+3.14%

Winner

NODK

+19.89%

MBAV

+2.69%

Winner

NODK

+16.15%

MBAV

+4.89%

Winner

NODK

+19.89%

MBAV

+4.49%

5Y(CAGR)

NODK

-4.83%

MBAV

N/A

10Y(CAGR)

NODK

+0.61%

MBAV

N/A

Max(CAGR)

NODK

+0.61%

Winner

MBAV

+6.14%

NODK vs MBAV - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	NODK	MBAV
2026	+17.63%	+4.79%
2025	-14.52%	+5.67%
2024	+21.24%	+0.70%
2023	-3.28%	N/A
2022	-31.49%	N/A
2021	+16.94%	N/A
2020	-3.01%	N/A
2019	+9.55%	N/A
2018	-6.03%	N/A
2017	+15.12%	N/A

NODK vs MBAV Drawdown Comparison

The maximum drawdown for NODK was -44.88%, occurring on Mar 20, 2020. Recovery took 433 trading sessions.

The maximum drawdown for MBAV was -27.94%, occurring on Jun 12, 2026. This drawdown has not yet recovered.

The current NODK drawdown is -23.18%. The current MBAV drawdown is -17.67%.

Rank	NODK	MBAV
#1	-44.88% Jun 17, 2019 - Mar 5, 2021	-27.94% Jun 20, 2025 - Jun 12, 2026
#2	-40.55% Jul 23, 2021 - Oct 23, 2023	-0.84% Jun 2, 2025 - Jun 5, 2025
#3	-20.82% Jun 7, 2017 - Jun 17, 2019	-0.73% Jun 16, 2025 - Jun 18, 2025
#4	-10.40% Mar 16, 2021 - Jun 10, 2021	-0.59% Mar 26, 2025 - Apr 24, 2025
#5	-6.12% Jun 18, 2021 - Jul 20, 2021	-0.33% Oct 16, 2024 - Dec 17, 2024
#6	-3.70% Apr 11, 2017 - May 9, 2017	-0.33% Jun 11, 2025 - Jun 16, 2025
#7	-3.21% Mar 9, 2021 - Mar 12, 2021	-0.29% Apr 24, 2025 - Apr 28, 2025
#8	-2.44% Mar 16, 2017 - Mar 31, 2017	-0.20% Oct 8, 2024 - Oct 16, 2024
#9	-1.56% May 9, 2017 - May 11, 2017	-0.20% Feb 14, 2025 - Mar 5, 2025
#10	-1.54% May 16, 2017 - May 19, 2017	-0.19% Apr 29, 2025 - May 2, 2025
#11	-1.46% Jun 1, 2017 - Jun 6, 2017	-0.10% Oct 1, 2024 - Oct 8, 2024
#12	-1.25% May 11, 2017 - May 16, 2017	-0.10% Dec 19, 2024 - Jan 14, 2025
#13	-0.95% Jun 11, 2021 - Jun 16, 2021	-0.10% Mar 6, 2025 - Mar 13, 2025
#14	-0.84% May 22, 2017 - May 25, 2017	-0.10% Mar 13, 2025 - Mar 18, 2025
#15	-0.52% Apr 4, 2017 - Apr 7, 2017	-0.10% Mar 18, 2025 - Mar 24, 2025

Correlation

Correlation between NODK and MBAV is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.46

-101