AWR vs. FMCB
AWR (American States Water Company) and FMCB (Farmers & Merchants Bancorp) are both stocks. AWR operates in Utilities - Regulated Water (Utilities), while FMCB operates in Banks - Regional (Financial Services). Over the past 10 years, AWR returned 8.51%/yr vs 10.29%/yr for FMCB. At a 0.01 correlation, their price movements are largely independent.
Performance
AWR vs. FMCB - Performance Comparison
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Returns By Period
In the year-to-date period, AWR achieves a 7.54% return, which is significantly lower than FMCB's 22.48% return. Over the past 10 years, AWR has underperformed FMCB with an annualized return of 8.51%, while FMCB has yielded a comparatively higher 10.29% annualized return.
AWR
- 1D
- -1.89%
- 1M
- 0.27%
- YTD
- 7.54%
- 6M
- 8.56%
- 1Y
- 3.04%
- 3Y*
- -3.03%
- 5Y*
- 1.21%
- 10Y*
- 8.51%
FMCB
- 1D
- 2.63%
- 1M
- 3.04%
- YTD
- 22.48%
- 6M
- 24.87%
- 1Y
- 39.81%
- 3Y*
- 12.94%
- 5Y*
- 11.17%
- 10Y*
- 10.29%
AWR vs. FMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 7.54% | -4.32% | -1.18% | -11.43% | -8.92% | 32.25% | -6.75% | 31.19% | 17.91% | 29.76% |
FMCB Farmers & Merchants Bancorp | 22.48% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
Correlation
The correlation between AWR and FMCB is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2001 | 0.01 |
Fundamentals
AWR:
$3.01B
FMCB:
$923.00M
AWR:
$3.44
FMCB:
$136.25
AWR:
22.34
FMCB:
9.95
AWR:
2.10
FMCB:
0.78
AWR:
4.39
FMCB:
3.05
AWR:
2.83
FMCB:
1.41
AWR:
$679.25M
FMCB:
$308.67M
AWR:
$303.17M
FMCB:
$243.83M
AWR:
$233.31M
FMCB:
$131.11M
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Return for Risk
AWR vs. FMCB — Risk / Return Rank
AWR
FMCB
AWR vs. FMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American States Water Company (AWR) and Farmers & Merchants Bancorp (FMCB). 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.
| AWR | FMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.45 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | 5.58 | -5.31 |
| Martin ratioReturn relative to average drawdown | 0.47 | 15.66 | -15.19 |
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
| AWR | FMCB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 2.13 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.54 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | 0.50 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.43 | -0.03 |
Drawdowns
AWR vs. FMCB - Drawdown Comparison
The maximum AWR drawdown since its inception was -37.39%, smaller than the maximum FMCB drawdown of -42.00%. Use the drawdown chart below to compare losses from any high point for AWR and FMCB.
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Drawdown Indicators
| AWR | FMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.39% | -42.00% | +4.61% |
Max Drawdown (1Y)Largest decline over 1 year | -11.55% | -7.17% | -4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -25.36% | -14.32% | -11.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.85% | -16.91% | -15.94% |
Max Drawdown (10Y)Largest decline over 10 years | -32.85% | -25.24% | -7.61% |
Current DrawdownCurrent decline from peak | -17.98% | -3.39% | -14.59% |
Average DrawdownAverage peak-to-trough decline | -10.81% | -9.64% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.41% | 2.55% | +3.86% |
Volatility
AWR vs. FMCB - Volatility Comparison
The current volatility for American States Water Company (AWR) is 4.82%, while Farmers & Merchants Bancorp (FMCB) has a volatility of 10.29%. This indicates that AWR experiences smaller price fluctuations and is considered to be less risky than FMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AWR | FMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 10.29% | -5.47% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 15.02% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.12% | 18.80% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.65% | 20.83% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.16% | 20.73% | +5.43% |
Dividends
AWR vs. FMCB - Dividend Comparison
AWR's dividend yield for the trailing twelve months is around 2.62%, more than FMCB's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AWR American States Water Company | 2.62% | 2.68% | 2.30% | 2.06% | 1.65% | 1.35% | 1.61% | 1.34% | 1.58% | 1.72% | 2.01% | 2.08% |
FMCB Farmers & Merchants Bancorp | 1.80% | 1.74% | 1.71% | 1.62% | 1.54% | 1.59% | 1.94% | 1.85% | 1.99% | 2.00% | 2.05% | 2.39% |
Financials
AWR vs. FMCB - Financials Comparison
This section allows you to compare key financial metrics between American States Water Company and Farmers & Merchants Bancorp. 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
AWR vs. FMCB - Profitability Comparison
AWR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a gross profit of 0.00 and revenue of 169.19M. Therefore, the gross margin over that period was 0.0%.
FMCB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Farmers & Merchants Bancorp reported a gross profit of 61.56M and revenue of 76.87M. Therefore, the gross margin over that period was 80.1%.
AWR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported an operating income of 51.37M and revenue of 169.19M, resulting in an operating margin of 30.4%.
FMCB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Farmers & Merchants Bancorp reported an operating income of 32.38M and revenue of 76.87M, resulting in an operating margin of 42.1%.
AWR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American States Water Company reported a net income of 29.95M and revenue of 169.19M, resulting in a net margin of 17.7%.
FMCB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Farmers & Merchants Bancorp reported a net income of 24.07M and revenue of 76.87M, resulting in a net margin of 31.3%.
Frequently Asked Questions
AWR and FMCB have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FMCB has higher volatility (10.29%) compared to AWR (4.82%). In terms of maximum drawdown, AWR dropped -37.39% vs FMCB's -42.00%.
FMCB currently has the higher Sharpe Ratio (2.13 vs 0.15), 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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