CBSH vs. MSEX
CBSH (Commerce Bancshares, Inc.) and MSEX (Middlesex Water Company) are both stocks. CBSH operates in Banks - Regional (Financial Services), while MSEX operates in Utilities - Regulated Water (Utilities). Over the past 10 years, CBSH returned 8.13%/yr vs 4.97%/yr for MSEX. At a 0.22 correlation, their price movements are largely independent.
Performance
CBSH vs. MSEX - Performance Comparison
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Returns By Period
In the year-to-date period, CBSH achieves a 3.13% return, which is significantly lower than MSEX's 5.78% return. Over the past 10 years, CBSH has outperformed MSEX with an annualized return of 8.13%, while MSEX has yielded a comparatively lower 4.97% annualized return.
CBSH
- 1D
- 0.68%
- 1M
- 3.47%
- YTD
- 3.13%
- 6M
- 3.39%
- 1Y
- -9.82%
- 3Y*
- 8.69%
- 5Y*
- -0.43%
- 10Y*
- 8.13%
MSEX
- 1D
- -1.41%
- 1M
- 2.77%
- YTD
- 5.78%
- 6M
- 4.49%
- 1Y
- -3.59%
- 3Y*
- -12.32%
- 5Y*
- -7.76%
- 10Y*
- 4.97%
CBSH vs. MSEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBSH Commerce Bancshares, Inc. | 3.13% | -10.16% | 24.71% | -15.91% | 5.56% | 11.44% | 3.71% | 28.74% | 7.52% | 3.07% |
MSEX Middlesex Water Company | 5.78% | -1.65% | -18.00% | -15.19% | -33.75% | 68.50% | 15.78% | 21.12% | 36.54% | -4.92% |
Correlation
The correlation between CBSH and MSEX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 1990 | 0.22 |
Fundamentals
CBSH:
$4.20
MSEX:
$3.22
CBSH:
12.71
MSEX:
16.34
CBSH:
5.11
MSEX:
2.68
CBSH:
3.49
MSEX:
3.61
CBSH:
$2.10B
MSEX:
$199.11M
CBSH:
$1.31B
MSEX:
$66.33M
CBSH:
$614.94M
MSEX:
$86.27M
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Return for Risk
CBSH vs. MSEX — Risk / Return Rank
CBSH
MSEX
CBSH vs. MSEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Commerce Bancshares, Inc. (CBSH) and Middlesex Water Company (MSEX). 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.
| CBSH | MSEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.01 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.17 | -0.25 |
| Martin ratioReturn relative to average drawdown | -0.68 | -0.30 | -0.38 |
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
| CBSH | MSEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | -0.12 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | -0.25 | +0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.15 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.32 | +0.18 |
Drawdowns
CBSH vs. MSEX - Drawdown Comparison
The maximum CBSH drawdown since its inception was -44.70%, smaller than the maximum MSEX drawdown of -60.51%. Use the drawdown chart below to compare losses from any high point for CBSH and MSEX.
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Drawdown Indicators
| CBSH | MSEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.70% | -60.51% | +15.81% |
Max Drawdown (1Y)Largest decline over 1 year | -23.44% | -21.04% | -2.40% |
Max Drawdown (3Y)Largest decline over 3 years | -27.63% | -44.52% | +16.89% |
Max Drawdown (5Y)Largest decline over 5 years | -38.02% | -60.51% | +22.49% |
Max Drawdown (10Y)Largest decline over 10 years | -38.23% | -60.51% | +22.28% |
Current DrawdownCurrent decline from peak | -18.18% | -52.07% | +33.89% |
Average DrawdownAverage peak-to-trough decline | -9.23% | -12.86% | +3.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.49% | 12.07% | +2.42% |
Volatility
CBSH vs. MSEX - Volatility Comparison
Commerce Bancshares, Inc. (CBSH) and Middlesex Water Company (MSEX) have volatilities of 5.34% and 5.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CBSH | MSEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 5.32% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.57% | 18.12% | -4.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.05% | 30.28% | -9.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.32% | 31.16% | -6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.48% | 32.34% | -5.86% |
Dividends
CBSH vs. MSEX - Dividend Comparison
CBSH's dividend yield for the trailing twelve months is around 2.04%, less than MSEX's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBSH Commerce Bancshares, Inc. | 2.04% | 2.03% | 1.67% | 1.95% | 1.50% | 1.47% | 2.00% | 1.48% | 1.61% | 1.55% | 2.93% | 2.04% |
MSEX Middlesex Water Company | 2.70% | 2.74% | 2.50% | 1.92% | 1.50% | 1.16% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% |
Financials
CBSH vs. MSEX - Financials Comparison
This section allows you to compare key financial metrics between Commerce Bancshares, Inc. and Middlesex Water Company. 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
CBSH vs. MSEX - Profitability Comparison
CBSH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Commerce Bancshares, Inc. reported a gross profit of 0.00 and revenue of 475.69M. Therefore, the gross margin over that period was 0.0%.
MSEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported a gross profit of 0.00 and revenue of 48.71M. Therefore, the gross margin over that period was 0.0%.
CBSH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Commerce Bancshares, Inc. reported an operating income of 0.00 and revenue of 475.69M, resulting in an operating margin of 0.0%.
MSEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported an operating income of 13.10M and revenue of 48.71M, resulting in an operating margin of 26.9%.
CBSH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Commerce Bancshares, Inc. reported a net income of 141.62M and revenue of 475.69M, resulting in a net margin of 29.8%.
MSEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Middlesex Water Company reported a net income of 10.61M and revenue of 48.71M, resulting in a net margin of 21.8%.
Frequently Asked Questions
CBSH and MSEX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBSH has higher volatility (5.34%) compared to MSEX (5.32%). In terms of maximum drawdown, CBSH dropped -44.70% vs MSEX's -60.51%.
MSEX currently has the higher Sharpe Ratio (-0.12 vs -0.47), 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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