AMSF vs. AFG
AMSF (AMERISAFE, Inc.) and AFG (American Financial Group, Inc.) are both stocks. Both are in the Financial Services sector — AMSF in Insurance - Specialty, AFG in Insurance - Property & Casualty. Over the past 10 years, AMSF returned 0.36%/yr vs 14.79%/yr for AFG. At a 0.47 correlation, their price movements are largely independent.
Performance
AMSF vs. AFG - Performance Comparison
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Returns By Period
In the year-to-date period, AMSF achieves a -16.14% return, which is significantly lower than AFG's 1.05% return. Over the past 10 years, AMSF has underperformed AFG with an annualized return of 0.36%, while AFG has yielded a comparatively higher 14.79% annualized return.
AMSF
- 1D
- 0.26%
- 1M
- 2.45%
- YTD
- -16.14%
- 6M
- -17.62%
- 1Y
- -22.56%
- 3Y*
- -8.17%
- 5Y*
- -4.38%
- 10Y*
- 0.36%
AFG
- 1D
- 1.07%
- 1M
- -1.46%
- YTD
- 1.05%
- 6M
- 0.12%
- 1Y
- 14.56%
- 3Y*
- 11.52%
- 5Y*
- 10.48%
- 10Y*
- 14.79%
AMSF vs. AFG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMSF AMERISAFE, Inc. | -16.14% | -20.78% | 19.62% | -0.86% | 6.13% | 2.00% | -6.09% | 24.48% | -6.63% | 0.16% |
AFG American Financial Group, Inc. | 1.05% | 5.45% | 23.79% | -7.61% | 10.91% | 93.83% | -16.18% | 27.10% | -13.04% | 29.20% |
Correlation
The correlation between AMSF and AFG is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2005 | 0.47 |
The correlation between AMSF and AFG has been stable across timeframes, ranging from 0.47 to 0.51 - a consistent structural relationship.
Fundamentals
AMSF:
$592.31M
AFG:
$11.19B
AMSF:
$2.44
AFG:
$10.54
AMSF:
12.88
AFG:
12.74
AMSF:
1.84
AFG:
1.37
AMSF:
0.53
AFG:
2.39
AMSF:
$324.77M
AFG:
$8.15B
AMSF:
$120.92M
AFG:
$2.64B
AMSF:
$48.16M
AFG:
$1.26B
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Return for Risk
AMSF vs. AFG — Risk / Return Rank
AMSF
AFG
AMSF vs. AFG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMERISAFE, Inc. (AMSF) and American Financial Group, Inc. (AFG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AMSF | AFG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.14 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 1.11 | -1.78 |
| Martin ratioReturn relative to average drawdown | -1.22 | 2.06 | -3.28 |
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Drawdowns
AMSF vs. AFG - Drawdown Comparison
The maximum AMSF drawdown since its inception was -43.35%, smaller than the maximum AFG drawdown of -62.94%. Use the drawdown chart below to compare losses from any high point for AMSF and AFG.
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Drawdown Indicators
| AMSF | AFG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -62.94% | +19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -33.66% | -13.19% | -20.47% |
Max Drawdown (3Y)Largest decline over 3 years | -43.35% | -19.85% | -23.50% |
Max Drawdown (5Y)Largest decline over 5 years | -43.35% | -23.85% | -19.50% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -58.98% | +15.63% |
Current DrawdownCurrent decline from peak | -39.12% | -5.21% | -33.91% |
Average DrawdownAverage peak-to-trough decline | -12.38% | -16.74% | +4.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.54% | 7.07% | +11.47% |
Volatility
AMSF vs. AFG - Volatility Comparison
AMERISAFE, Inc. (AMSF) has a higher volatility of 5.98% compared to American Financial Group, Inc. (AFG) at 5.02%. This indicates that AMSF's price experiences larger fluctuations and is considered to be riskier than AFG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMSF | AFG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 5.02% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 21.77% | 12.48% | +9.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.40% | 19.20% | +7.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.74% | 22.83% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.02% | 30.30% | -3.28% |
Dividends
AMSF vs. AFG - Dividend Comparison
AMSF's dividend yield for the trailing twelve months is around 8.28%, more than AFG's 5.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFG American Financial Group, Inc. | 5.44% | 5.33% | 6.89% | 6.81% | 10.42% | 20.43% | 4.39% | 4.51% | 4.92% | 4.41% | 2.44% | 2.82% |
AMSF AMERISAFE, Inc. | 8.28% | 6.66% | 8.69% | 10.39% | 10.08% | 9.59% | 7.97% | 6.82% | 1.55% | 1.30% | 6.37% | 7.07% |
Financials
AMSF vs. AFG - Financials Comparison
This section allows you to compare key financial metrics between AMERISAFE, Inc. and American Financial Group, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AMSF vs. AFG - Profitability Comparison
AMSF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, AMERISAFE, Inc. reported a gross profit of 0.00 and revenue of 80.09M. Therefore, the gross margin over that period was 0.0%.
AFG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Financial Group, Inc. reported a gross profit of 948.00M and revenue of 1.85B. Therefore, the gross margin over that period was 51.1%.
AMSF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, AMERISAFE, Inc. reported an operating income of 0.00 and revenue of 80.09M, resulting in an operating margin of 0.0%.
AFG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Financial Group, Inc. reported an operating income of 239.00M and revenue of 1.85B, resulting in an operating margin of 12.9%.
AMSF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, AMERISAFE, Inc. reported a net income of 8.15M and revenue of 80.09M, resulting in a net margin of 10.2%.
AFG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Financial Group, Inc. reported a net income of 191.00M and revenue of 1.85B, resulting in a net margin of 10.3%.
Frequently Asked Questions
AMSF and AFG have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMSF has higher volatility (5.98%) compared to AFG (5.02%). In terms of maximum drawdown, AMSF dropped -43.35% vs AFG's -62.94%.
AFG currently has the higher Sharpe Ratio (0.76 vs -0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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