CBU vs. AMSF
CBU (Community Bank System, Inc.) and AMSF (AMERISAFE, Inc.) are both stocks. Both are in the Financial Services sector — CBU in Banks - Regional, AMSF in Insurance - Specialty. Over the past 10 years, CBU returned 7.79%/yr vs 0.36%/yr for AMSF. At a 0.47 correlation, their price movements are largely independent.
Performance
CBU vs. AMSF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CBU achieves a 12.26% return, which is significantly higher than AMSF's -16.14% return. Over the past 10 years, CBU has outperformed AMSF with an annualized return of 7.79%, while AMSF has yielded a comparatively lower 0.36% annualized return.
CBU
- 1D
- 1.86%
- 1M
- 0.86%
- YTD
- 12.26%
- 6M
- 8.68%
- 1Y
- 21.16%
- 3Y*
- 14.51%
- 5Y*
- -0.74%
- 10Y*
- 7.79%
AMSF
- 1D
- 0.26%
- 1M
- 2.45%
- YTD
- -16.14%
- 6M
- -17.62%
- 1Y
- -22.56%
- 3Y*
- -8.17%
- 5Y*
- -4.38%
- 10Y*
- 0.36%
CBU vs. AMSF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CBU Community Bank System, Inc. | 12.26% | -3.84% | 22.61% | -14.17% | -13.16% | 22.28% | -9.59% | 24.69% | 11.06% | -10.90% |
AMSF AMERISAFE, Inc. | -16.14% | -20.78% | 19.62% | -0.86% | 6.13% | 2.00% | -6.09% | 24.48% | -6.63% | 0.16% |
Correlation
The correlation between CBU and AMSF is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
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 18, 2005 | 0.47 |
The correlation between CBU and AMSF has been stable across timeframes, ranging from 0.42 to 0.51 - a consistent structural relationship.
Fundamentals
CBU:
$3.36B
AMSF:
$592.31M
CBU:
$4.05
AMSF:
$2.44
CBU:
15.67
AMSF:
12.88
CBU:
3.62
AMSF:
1.84
CBU:
1.66
AMSF:
0.53
CBU:
$943.58M
AMSF:
$324.77M
CBU:
$700.09M
AMSF:
$120.92M
CBU:
$320.27M
AMSF:
$48.16M
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
CBU vs. AMSF — Risk / Return Rank
CBU
AMSF
CBU vs. AMSF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Community Bank System, Inc. (CBU) and AMERISAFE, Inc. (AMSF). 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.
| CBU | AMSF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.86 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.33 | -0.67 | +2.00 |
| Martin ratioReturn relative to average drawdown | 3.12 | -1.22 | +4.34 |
Loading charts...
Drawdowns
CBU vs. AMSF - Drawdown Comparison
The maximum CBU drawdown since its inception was -61.07%, which is greater than AMSF's maximum drawdown of -43.35%. Use the drawdown chart below to compare losses from any high point for CBU and AMSF.
Loading charts...
Drawdown Indicators
| CBU | AMSF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.07% | -43.35% | -17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -33.66% | +17.63% |
Max Drawdown (3Y)Largest decline over 3 years | -31.19% | -43.35% | +12.16% |
Max Drawdown (5Y)Largest decline over 5 years | -49.07% | -43.35% | -5.72% |
Max Drawdown (10Y)Largest decline over 10 years | -51.04% | -43.35% | -7.69% |
Current DrawdownCurrent decline from peak | -9.33% | -39.12% | +29.79% |
Average DrawdownAverage peak-to-trough decline | -14.56% | -12.38% | -2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 18.54% | -11.74% |
Volatility
CBU vs. AMSF - Volatility Comparison
Community Bank System, Inc. (CBU) has a higher volatility of 7.62% compared to AMERISAFE, Inc. (AMSF) at 5.98%. This indicates that CBU's price experiences larger fluctuations and is considered to be riskier than AMSF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBU | AMSF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 5.98% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 16.25% | 21.77% | -5.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.85% | 26.40% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.53% | 24.74% | +4.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.11% | 27.02% | +3.09% |
Dividends
CBU vs. AMSF - Dividend Comparison
CBU's dividend yield for the trailing twelve months is around 2.96%, less than AMSF's 8.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMSF AMERISAFE, Inc. | 8.28% | 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. | 2.96% | 3.24% | 2.95% | 3.42% | 2.76% | 2.28% | 2.66% | 2.23% | 2.47% | 2.46% | 2.04% | 3.05% |
Financials
CBU vs. AMSF - Financials Comparison
This section allows you to compare key financial metrics between Community Bank System, Inc. and AMERISAFE, 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
CBU vs. AMSF - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
CBU and AMSF have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CBU has higher volatility (7.62%) compared to AMSF (5.98%). In terms of maximum drawdown, CBU dropped -61.07% vs AMSF's -43.35%.
CBU currently has the higher Sharpe Ratio (0.86 vs -0.86), 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 CBU and AMSF
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