FMCB vs. CDUAF
FMCB (Farmers & Merchants Bancorp) and CDUAF (Canadian Utilities Limited) are both stocks. FMCB operates in Banks - Regional (Financial Services), while CDUAF operates in Utilities - Diversified (Utilities). Over the past 10 years, FMCB returned 10.29%/yr vs 7.23%/yr for CDUAF. At a 0.03 correlation, their price movements are largely independent.
Performance
FMCB vs. CDUAF - Performance Comparison
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Returns By Period
In the year-to-date period, FMCB achieves a 22.48% return, which is significantly higher than CDUAF's 18.48% return. Over the past 10 years, FMCB has outperformed CDUAF with an annualized return of 10.29%, while CDUAF has yielded a comparatively lower 7.23% annualized return.
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%
CDUAF
- 1D
- -1.65%
- 1M
- 2.76%
- YTD
- 18.48%
- 6M
- 22.42%
- 1Y
- 36.69%
- 3Y*
- 16.26%
- 5Y*
- 9.62%
- 10Y*
- 7.23%
FMCB vs. CDUAF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FMCB Farmers & Merchants Bancorp | 22.48% | 6.83% | 2.04% | 2.51% | 11.29% | 28.38% | 1.00% | 11.65% | 5.62% | 7.90% |
CDUAF Canadian Utilities Limited | 18.48% | 35.10% | 6.34% | -6.25% | -1.87% | 25.16% | -14.69% | 37.49% | -19.67% | 15.55% |
Correlation
The correlation between FMCB and CDUAF is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2007 | 0.03 |
Fundamentals
FMCB:
$923.00M
CDUAF:
$9.84B
FMCB:
$136.25
CDUAF:
$0.29
FMCB:
9.95
CDUAF:
124.22
FMCB:
3.05
CDUAF:
2.83
FMCB:
1.41
CDUAF:
1.97
FMCB:
$308.67M
CDUAF:
$3.46B
FMCB:
$243.83M
CDUAF:
$1.39B
FMCB:
$131.11M
CDUAF:
$1.76B
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Return for Risk
FMCB vs. CDUAF — Risk / Return Rank
FMCB
CDUAF
FMCB vs. CDUAF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmers & Merchants Bancorp (FMCB) and Canadian Utilities Limited (CDUAF). 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.
| FMCB | CDUAF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.44 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.58 | 6.89 | -1.32 |
| Martin ratioReturn relative to average drawdown | 15.66 | 17.11 | -1.45 |
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
| FMCB | CDUAF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.13 | 2.29 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.51 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.28 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.09 | +0.34 |
Drawdowns
FMCB vs. CDUAF - Drawdown Comparison
The maximum FMCB drawdown since its inception was -42.00%, smaller than the maximum CDUAF drawdown of -71.22%. Use the drawdown chart below to compare losses from any high point for FMCB and CDUAF.
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Drawdown Indicators
| FMCB | CDUAF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.00% | -71.22% | +29.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.17% | -5.35% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -14.32% | -21.95% | +7.63% |
Max Drawdown (5Y)Largest decline over 5 years | -16.91% | -31.94% | +15.03% |
Max Drawdown (10Y)Largest decline over 10 years | -25.24% | -41.92% | +16.68% |
Current DrawdownCurrent decline from peak | -3.39% | -17.93% | +14.54% |
Average DrawdownAverage peak-to-trough decline | -9.64% | -39.89% | +30.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.15% | +0.40% |
Volatility
FMCB vs. CDUAF - Volatility Comparison
Farmers & Merchants Bancorp (FMCB) has a higher volatility of 10.29% compared to Canadian Utilities Limited (CDUAF) at 6.79%. This indicates that FMCB's price experiences larger fluctuations and is considered to be riskier than CDUAF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FMCB | CDUAF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.29% | 6.79% | +3.50% |
Volatility (6M)Calculated over the trailing 6-month period | 15.02% | 11.69% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.80% | 16.11% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 19.07% | +1.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 25.58% | -4.85% |
Dividends
FMCB vs. CDUAF - Dividend Comparison
FMCB's dividend yield for the trailing twelve months is around 1.80%, less than CDUAF's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDUAF Canadian Utilities Limited | 3.70% | 4.21% | 5.47% | 6.05% | 5.03% | 4.85% | 5.32% | 4.24% | 4.49% | 4.82% | 4.82% | 5.11% |
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
FMCB vs. CDUAF - Financials Comparison
This section allows you to compare key financial metrics between Farmers & Merchants Bancorp and Canadian Utilities Limited. 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
FMCB vs. CDUAF - Profitability Comparison
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%.
CDUAF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported a gross profit of 761.00M and revenue of 1.08B. Therefore, the gross margin over that period was 70.2%.
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%.
CDUAF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported an operating income of 393.00M and revenue of 1.08B, resulting in an operating margin of 36.3%.
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%.
CDUAF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Canadian Utilities Limited reported a net income of 224.00M and revenue of 1.08B, resulting in a net margin of 20.7%.
Frequently Asked Questions
FMCB and CDUAF have a correlation of 0.10, 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 CDUAF (6.79%). In terms of maximum drawdown, FMCB dropped -42.00% vs CDUAF's -71.22%.
CDUAF currently has the higher Sharpe Ratio (2.29 vs 2.13), 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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