ASC vs. SB
ASC (Ardmore Shipping Corporation) and SB (Safe Bulkers, Inc.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, ASC returned 10.57%/yr vs 21.82%/yr for SB. At a 0.39 correlation, their price movements are largely independent.
Performance
ASC vs. SB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASC achieves a 53.45% return, which is significantly higher than SB's 47.95% return. Over the past 10 years, ASC has underperformed SB with an annualized return of 10.57%, while SB has yielded a comparatively higher 21.82% annualized return.
ASC
- 1D
- -1.56%
- 1M
- -5.96%
- 6M
- 37.14%
- YTD
- 53.45%
- 1Y
- 67.85%
- 3Y*
- 14.40%
- 5Y*
- 40.89%
- 10Y*
- 10.57%
SB
- 1D
- -2.09%
- 1M
- 7.55%
- 6M
- 36.87%
- YTD
- 47.95%
- 1Y
- 79.90%
- 3Y*
- 35.41%
- 5Y*
- 22.95%
- 10Y*
- 21.82%
ASC vs. SB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASC Ardmore Shipping Corporation | 53.45% | -10.36% | -8.18% | 5.81% | 326.33% | 3.36% | -63.57% | 93.79% | -41.63% | 8.11% |
SB Safe Bulkers, Inc. | 47.95% | 41.65% | -5.15% | 42.94% | -18.68% | 190.00% | -23.53% | -4.49% | -44.89% | 180.87% |
Correlation
The correlation between ASC and SB is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2013 | 0.39 |
The correlation between ASC and SB shifts across timeframes, from 0.39 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ASC:
$643.87M
SB:
$713.80M
ASC:
$1.43
SB:
$0.52
ASC:
11.04
SB:
13.39
ASC:
1.99
SB:
2.51
ASC:
0.98
SB:
0.85
ASC:
$324.12M
SB:
$285.78M
ASC:
$100.44M
SB:
$111.18M
ASC:
$105.80M
SB:
$142.81M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASC vs. SB — Risk / Return Rank
ASC
SB
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.
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.
| ASC | SB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 5.45 | -2.94 |
| Martin ratioReturn relative to average drawdown | 6.60 | 14.17 | -7.58 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| ASC | SB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.11% | -97.38% | +17.27% |
Max Drawdown (1Y)Largest decline over 1 year | -27.10% | -14.73% | -12.37% |
Max Drawdown (3Y)Largest decline over 3 years | -61.41% | -49.71% | -11.70% |
Max Drawdown (5Y)Largest decline over 5 years | -61.41% | -52.55% | -8.86% |
Max Drawdown (10Y)Largest decline over 10 years | -71.21% | -78.46% | +7.25% |
Current DrawdownCurrent decline from peak | -24.87% | -24.74% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -38.84% | -62.88% | +24.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.32% | 5.66% | +4.66% |
Volatility
ASC vs. SB - Volatility Comparison
Ardmore Shipping Corporation (ASC) has a higher volatility of 16.82% compared to Safe Bulkers, Inc. (SB) at 12.39%. 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.
Loading charts...
Volatility by Period
| ASC | SB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.82% | 12.39% | +4.43% |
Volatility (6M)Calculated over the trailing 6-month period | 30.04% | 26.37% | +3.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.13% | 33.83% | +4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.85% | 41.44% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.12% | 55.22% | -4.10% |
Dividends
ASC vs. SB - Dividend Comparison
ASC's dividend yield for the trailing twelve months is around 4.12%, more than SB's 3.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASC Ardmore Shipping Corporation | 4.12% | 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. | 3.00% | 4.15% | 5.60% | 5.09% | 6.87% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 4.94% |
Financials
ASC vs. SB - Financials Comparison
This section allows you to compare key financial metrics between Ardmore Shipping Corporation and Safe Bulkers, 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
ASC vs. SB - Profitability Comparison
ASC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Ardmore Shipping Corporation reported a gross profit of 32.00M and revenue of 87.92M. Therefore, the gross margin over that period was 36.4%.
SB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Safe Bulkers, Inc. reported a gross profit of 33.69M and revenue of 74.39M. Therefore, the gross margin over that period was 45.3%.
ASC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Ardmore Shipping Corporation reported an operating income of 25.58M and revenue of 87.92M, resulting in an operating margin of 29.1%.
SB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Safe Bulkers, Inc. reported an operating income of 26.47M and revenue of 74.39M, resulting in an operating margin of 35.6%.
ASC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Ardmore Shipping Corporation reported a net income of 23.58M and revenue of 87.92M, resulting in a net margin of 26.8%.
SB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Safe Bulkers, Inc. reported a net income of 22.21M and revenue of 74.39M, resulting in a net margin of 29.9%.
Frequently Asked Questions
ASC and SB have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASC has higher volatility (16.82%) compared to SB (12.39%). In terms of maximum drawdown, ASC dropped -80.11% vs SB's -97.38%.
SB currently has the higher Sharpe Ratio (2.37 vs 1.79), 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.
Find the right allocation for ASC and SB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer