ASC vs. SB

Last updated Apr 1, 2026

Compare and contrast key facts about Ardmore Shipping Corporation (ASC) and Safe Bulkers, Inc. (SB).

Performance

ASC vs. SB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ardmore Shipping Corporation (ASC) and Safe Bulkers, Inc. (SB). The values are adjusted to include any dividend payments, if applicable.

ASC vs. SB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASC Ardmore Shipping Corporation	44.82%	-10.36%	-8.18%	5.81%	326.33%	3.36%	-63.57%	93.79%	-41.62%	8.11%
SB Safe Bulkers, Inc.	32.34%	41.65%	-5.15%	42.94%	-18.68%	190.00%	-23.53%	-4.49%	-44.89%	180.87%

Fundamentals

Market Cap ASC : $623.27M SB : $647.73M
EPS ASC : $1.01 SB : $0.38
PE Ratio ASC : 15.15 SB : 16.80
PS Ratio ASC : 2.00 SB : 2.35
PB Ratio ASC : 0.98 SB : 0.78
Total Revenue (TTM) ASC : $310.20M SB : $275.74M
Gross Profit (TTM) ASC : $89.45M SB : $99.06M
EBITDA (TTM) ASC : $83.81M SB : $134.68M

Returns By Period

In the year-to-date period, ASC achieves a 44.82% return, which is significantly higher than SB's 32.34% return. Over the past 10 years, ASC has underperformed SB with an annualized return of 8.85%, while SB has yielded a comparatively higher 25.51% annualized return.

ASC

• 1D: 1.73%
• 1M: -6.90%
• YTD: 44.82%
• 6M: 30.26%
• 1Y: 59.72%
• 3Y*: 6.04%
• 5Y*: 32.15%
• 10Y*: 8.85%

SB

• 1D: 3.77%
• 1M: -2.76%
• YTD: 32.34%
• 6M: 45.03%
• 1Y: 78.94%
• 3Y*: 25.52%
• 5Y*: 26.04%
• 10Y*: 25.51%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ASC vs. SB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASC

ASC Risk / Return Rank: 82
ASC Sharpe Ratio Rank: 86
ASC Sortino Ratio Rank: 82
ASC Omega Ratio Rank: 77
ASC Calmar Ratio Rank: 82
ASC Martin Ratio Rank: 81

SB

SB Risk / Return Rank: 92
SB Sharpe Ratio Rank: 93
SB Sortino Ratio Rank: 91
SB Omega Ratio Rank: 90
SB Calmar Ratio Rank: 91
SB Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASC vs. SB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ardmore Shipping Corporation (ASC) and Safe Bulkers, Inc. (SB). 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.

	ASC	SB	Difference
Sharpe ratio Return per unit of total volatility	1.56	2.31	-0.75
Sortino ratio Return per unit of downside risk	2.17	2.97	-0.80
Omega ratio Gain probability vs. loss probability	1.26	1.40	-0.14
Calmar ratio Return relative to maximum drawdown	2.42	4.05	-1.63
Martin ratio Return relative to average drawdown	6.20	13.34	-7.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASC vs. SB - Sharpe Ratio Comparison

The current ASC Sharpe Ratio is 1.56, which is lower than the SB Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of ASC and SB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ASC	SB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	2.31	-0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.59	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.45	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.03	+0.11

Correlation

The correlation between ASC and SB is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ASC vs. SB - Dividend Comparison

ASC's dividend yield for the trailing twelve months is around 2.03%, less than SB's 3.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASC Ardmore Shipping Corporation	2.03%	2.83%	8.89%	8.16%	0.00%	0.00%	1.53%	0.00%	0.00%	0.00%	5.41%	4.80%
SB Safe Bulkers, Inc.	3.16%	4.15%	5.60%	5.09%	6.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.94%

Drawdowns

ASC vs. SB - Drawdown Comparison

The maximum ASC drawdown since its inception was -80.11%, smaller than the maximum SB drawdown of -97.38%. Use the drawdown chart below to compare losses from any high point for ASC and SB.

Drawdown Indicators

	ASC	SB	Difference
Max Drawdown Largest peak-to-trough decline	-80.11%	-97.38%	+17.27%
Max Drawdown (1Y) Largest decline over 1 year	-21.96%	-18.67%	-3.29%
Max Drawdown (5Y) Largest decline over 5 years	-61.41%	-52.55%	-8.86%
Max Drawdown (10Y) Largest decline over 10 years	-71.72%	-78.46%	+6.74%
Current Drawdown Current decline from peak	-29.09%	-32.68%	+3.59%
Average Drawdown Average peak-to-trough decline	-39.26%	-63.46%	+24.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.57%	5.67%	+2.90%

Volatility

ASC vs. SB - Volatility Comparison

Ardmore Shipping Corporation (ASC) has a higher volatility of 14.34% compared to Safe Bulkers, Inc. (SB) at 10.86%. This indicates that ASC's price experiences larger fluctuations and is considered to be riskier than SB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASC	SB	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.34%	10.86%	+3.48%
Volatility (6M) Calculated over the trailing 6-month period	26.86%	22.97%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	38.65%	34.43%	+4.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.70%	44.38%	+2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.46%	57.19%	-5.73%

Financials

ASC vs. SB - Profitability Comparison

The chart below illustrates the profitability comparison between Ardmore Shipping Corporation and Safe Bulkers, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ASC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Ardmore Shipping Corporation reported a gross profit of 30.46M and revenue of 82.91M. Therefore, the gross margin over that period was 36.7%.

SB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Safe Bulkers, Inc. reported a gross profit of 30.51M and revenue of 72.57M. Therefore, the gross margin over that period was 42.0%.

ASC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Ardmore Shipping Corporation reported an operating income of 24.01M and revenue of 82.91M, resulting in an operating margin of 29.0%.

SB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Safe Bulkers, Inc. reported an operating income of 22.55M and revenue of 72.57M, resulting in an operating margin of 31.1%.

ASC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Ardmore Shipping Corporation reported a net income of 12.38M and revenue of 82.91M, resulting in a net margin of 14.9%.

SB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Safe Bulkers, Inc. reported a net income of 11.84M and revenue of 72.57M, resulting in a net margin of 16.3%.