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NMIH correlations (NMI Holdings Inc)

Every correlation that matters for NMIH: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

24.1%

3y weekly

Beta vs S&P 500

0.55

3y weekly

1-year return

+12.9%

price, adjusted

5-year return

+99.5%

price, adjusted

Market cap

$3.4B

latest

P/E ratio

8.9

trailing

Max drawdown

-21.4%

3y, daily closes

NMIH over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with NMIH

Asset		Correlation (3Y)
MTG	MGIC Investment Corporation	0.87
ESNT	Essent Group Ltd.	0.85
ACT	Enact Holdings, Inc.	0.80
RDN	Radian Group Inc.	0.78
GNW	Genworth Financial Inc	0.64

If the goal is offsetting NMIH, these tracked assets have historically moved the most on their own terms.

Asset		Correlation (3Y)
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.36
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.32
INKT	MiNK Therapeutics, Inc.	-0.28

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/nmih.json

Correlations, diversifiers, beta and volatility for NMIH, plus one endpoint per pair. API documentation.

ETF		NMIH weight
IWM	iShares Russell 2000 ETF	0.11%