AMSF vs. CBU
AMSF (AMERISAFE, Inc.) and CBU (Community Bank System, Inc.) are both stocks. Both are in the Financial Services sector — AMSF in Insurance - Specialty, CBU in Banks - Regional. Over the past 10 years, AMSF returned -0.60%/yr vs 7.12%/yr for CBU. At a 0.47 correlation, their price movements are largely independent.
Performance
AMSF vs. CBU - Performance Comparison
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Returns By Period
In the year-to-date period, AMSF achieves a -20.51% return, which is significantly lower than CBU's 7.99% return. Over the past 10 years, AMSF has underperformed CBU with an annualized return of -0.60%, while CBU has yielded a comparatively higher 7.12% annualized return.
AMSF
- 1D
- -2.14%
- 1M
- 0.37%
- YTD
- -20.51%
- 6M
- -19.31%
- 1Y
- -31.68%
- 3Y*
- -10.13%
- 5Y*
- -6.09%
- 10Y*
- -0.60%
CBU
- 1D
- -2.61%
- 1M
- -2.13%
- YTD
- 7.99%
- 6M
- 6.75%
- 1Y
- 12.66%
- 3Y*
- 8.74%
- 5Y*
- -2.24%
- 10Y*
- 7.12%
AMSF vs. CBU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMSF AMERISAFE, Inc. | -20.51% | -20.78% | 19.62% | -0.86% | 6.13% | 2.00% | -6.09% | 24.48% | -6.63% | 0.16% |
CBU Community Bank System, Inc. | 7.99% | -3.84% | 22.61% | -14.17% | -13.16% | 22.28% | -9.59% | 24.69% | 11.06% | -10.90% |
Correlation
The correlation between AMSF and CBU is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005 | 0.47 |
The correlation between AMSF and CBU has been stable across timeframes, ranging from 0.43 to 0.51 - a consistent structural relationship.
Fundamentals
AMSF:
$568.73M
CBU:
$3.26B
AMSF:
$2.44
CBU:
$4.05
AMSF:
12.37
CBU:
15.18
AMSF:
1.76
CBU:
3.51
AMSF:
0.51
CBU:
1.61
AMSF:
$324.77M
CBU:
$943.58M
AMSF:
$120.92M
CBU:
$700.09M
AMSF:
$48.16M
CBU:
$320.27M
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Return for Risk
AMSF vs. CBU — Risk / Return Rank
AMSF
CBU
AMSF vs. CBU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMERISAFE, Inc. (AMSF) and Community Bank System, Inc. (CBU). 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.
| AMSF | CBU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.74 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.11 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 0.79 | -1.74 |
| Martin ratioReturn relative to average drawdown | -1.82 | 1.87 | -3.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMSF | CBU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | 0.52 | -1.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.25 | -0.08 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.24 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.33 | -0.02 |
Drawdowns
AMSF vs. CBU - Drawdown Comparison
The maximum AMSF drawdown since its inception was -43.35%, smaller than the maximum CBU drawdown of -61.07%. Use the drawdown chart below to compare losses from any high point for AMSF and CBU.
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Drawdown Indicators
| AMSF | CBU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.35% | -61.07% | +17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -33.66% | -16.03% | -17.63% |
Max Drawdown (3Y)Largest decline over 3 years | -43.35% | -31.19% | -12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -43.35% | -50.47% | +7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -43.35% | -51.04% | +7.69% |
Current DrawdownCurrent decline from peak | -42.29% | -12.78% | -29.51% |
Average DrawdownAverage peak-to-trough decline | -12.32% | -14.57% | +2.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.54% | 6.80% | +10.74% |
Volatility
AMSF vs. CBU - Volatility Comparison
The current volatility for AMERISAFE, Inc. (AMSF) is 5.08%, while Community Bank System, Inc. (CBU) has a volatility of 6.26%. This indicates that AMSF experiences smaller price fluctuations and is considered to be less risky than CBU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMSF | CBU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.08% | 6.26% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 21.90% | 15.57% | +6.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.06% | 24.52% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.75% | 29.55% | -4.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.01% | 30.07% | -3.06% |
Dividends
AMSF vs. CBU - Dividend Comparison
AMSF's dividend yield for the trailing twelve months is around 8.56%, more than CBU's 3.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMSF AMERISAFE, Inc. | 8.56% | 6.66% | 8.69% | 10.39% | 10.08% | 9.59% | 7.97% | 6.82% | 1.55% | 1.30% | 6.37% | 7.07% |
CBU Community Bank System, Inc. | 3.04% | 3.24% | 2.95% | 3.42% | 2.76% | 2.28% | 2.66% | 2.23% | 2.47% | 2.46% | 2.04% | 3.05% |
Financials
AMSF vs. CBU - Financials Comparison
This section allows you to compare key financial metrics between AMERISAFE, Inc. and Community Bank System, 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. CBU - 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%.
CBU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Community Bank System, Inc. reported a gross profit of 207.65M and revenue of 258.56M. Therefore, the gross margin over that period was 80.3%.
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%.
CBU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Community Bank System, Inc. reported an operating income of 74.61M and revenue of 258.56M, resulting in an operating margin of 28.9%.
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%.
CBU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Community Bank System, Inc. reported a net income of 57.22M and revenue of 258.56M, resulting in a net margin of 22.1%.
Frequently Asked Questions
AMSF and CBU have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBU has higher volatility (6.26%) compared to AMSF (5.08%). In terms of maximum drawdown, AMSF dropped -43.35% vs CBU's -61.07%.
CBU currently has the higher Sharpe Ratio (0.52 vs -1.22), 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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