GABC vs. THFF

Last updated Jun 4, 2026

GABC (German American Bancorp, Inc.) and THFF (First Financial Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, GABC returned 9.86%/yr vs 9.58%/yr for THFF. At a 0.41 correlation, their price movements are largely independent.

Performance

GABC vs. THFF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in German American Bancorp, Inc. (GABC) and First Financial Corporation (THFF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GABC achieves a 10.48% return, which is significantly lower than THFF's 13.96% return. Both investments have delivered pretty close results over the past 10 years, with GABC having a 9.86% annualized return and THFF not far behind at 9.58%.

GABC

• 1D: -2.53%
• 1M: 0.71%
• YTD: 10.48%
• 6M: 7.60%
• 1Y: 15.57%
• 3Y*: 16.32%
• 5Y*: 3.75%
• 10Y*: 9.86%

THFF

• 1D: -2.73%
• 1M: 3.26%
• YTD: 13.96%
• 6M: 13.79%
• 1Y: 36.30%
• 3Y*: 29.72%
• 5Y*: 12.23%
• 10Y*: 9.58%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GABC vs. THFF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GABC German American Bancorp, Inc.	10.48%	0.34%	27.90%	-10.24%	-1.96%	20.32%	-4.72%	31.11%	-20.02%	2.31%
THFF First Financial Corporation	13.96%	36.17%	11.11%	-2.62%	4.45%	19.47%	-12.74%	16.79%	-9.41%	-9.54%

Correlation

The correlation between GABC and THFF is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.75
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since May 24, 1993	0.41

Over the past year, GABC and THFF have become more correlated (0.83) than their long-term average of 0.41, meaning their price movements have been converging.

Fundamentals

Market Cap GABC : $1.60B THFF : $803.54M
EPS GABC : $3.66 THFF : $6.80
PE Ratio GABC : 11.65 THFF : 9.95
PS Ratio GABC : 3.16 THFF : 2.50
PB Ratio GABC : 1.36 THFF : 1.23
Total Revenue (TTM) GABC : $499.28M THFF : $320.85M
Gross Profit (TTM) GABC : $369.98M THFF : $193.05M
EBITDA (TTM) GABC : $191.64M THFF : $81.43M

Return for Risk

GABC vs. THFF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GABC

GABC Risk / Return Rank: 62
GABC Sharpe Ratio Rank: 63
GABC Sortino Ratio Rank: 57
GABC Omega Ratio Rank: 54
GABC Calmar Ratio Rank: 68
GABC Martin Ratio Rank: 68

THFF

THFF Risk / Return Rank: 77
THFF Sharpe Ratio Rank: 79
THFF Sortino Ratio Rank: 75
THFF Omega Ratio Rank: 72
THFF Calmar Ratio Rank: 80
THFF Martin Ratio Rank: 81

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GABC vs. THFF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for German American Bancorp, Inc. (GABC) and First Financial Corporation (THFF). 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.

	GABC	THFF	Difference
Sharpe ratio Return per unit of total volatility	0.68	1.36	-0.68
Sortino ratio Return per unit of downside risk	1.14	2.04	-0.90
Omega ratio Gain probability vs. loss probability	1.13	1.24	-0.11
Calmar ratio Return relative to maximum drawdown	1.38	2.77	-1.38
Martin ratio Return relative to average drawdown	3.38	7.16	-3.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GABC vs. THFF - Sharpe Ratio Comparison

The current GABC Sharpe Ratio is 0.68, which is lower than the THFF Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of GABC and THFF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GABC	THFF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	1.36	-0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.14	0.47	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.33	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.27	0.00

Drawdowns

GABC vs. THFF - Drawdown Comparison

The maximum GABC drawdown since its inception was -63.37%, which is greater than THFF's maximum drawdown of -51.80%. Use the drawdown chart below to compare losses from any high point for GABC and THFF.

Drawdown Indicators

	GABC	THFF	Difference
Max Drawdown Largest peak-to-trough decline	-63.37%	-51.80%	-11.57%
Max Drawdown (1Y) Largest decline over 1 year	-11.30%	-13.18%	+1.88%
Max Drawdown (3Y) Largest decline over 3 years	-25.32%	-20.25%	-5.07%
Max Drawdown (5Y) Largest decline over 5 years	-38.28%	-34.92%	-3.36%
Max Drawdown (10Y) Largest decline over 10 years	-45.47%	-42.73%	-2.74%
Current Drawdown Current decline from peak	-3.67%	-2.98%	-0.69%
Average Drawdown Average peak-to-trough decline	-22.06%	-16.59%	-5.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	5.09%	-0.48%

Volatility

GABC vs. THFF - Volatility Comparison

The current volatility for German American Bancorp, Inc. (GABC) is 5.55%, while First Financial Corporation (THFF) has a volatility of 6.97%. This indicates that GABC experiences smaller price fluctuations and is considered to be less risky than THFF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GABC	THFF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.55%	6.97%	-1.42%
Volatility (6M) Calculated over the trailing 6-month period	15.84%	18.31%	-2.47%
Volatility (1Y) Calculated over the trailing 1-year period	22.90%	26.76%	-3.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.65%	26.43%	+0.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.86%	29.20%	-0.34%

Dividends

GABC vs. THFF - Dividend Comparison

GABC's dividend yield for the trailing twelve months is around 2.81%, less than THFF's 3.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GABC German American Bancorp, Inc.	2.81%	2.96%	2.69%	3.09%	2.47%	2.15%	2.30%	1.91%	2.16%	1.46%	1.37%	2.04%
THFF First Financial Corporation	3.17%	3.38%	2.92%	4.02%	2.54%	2.34%	2.68%	2.25%	2.54%	5.51%	1.88%	2.88%

Financials

GABC vs. THFF - Profitability Comparison

The chart below illustrates the profitability comparison between German American Bancorp, Inc. and First Financial Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GABC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, German American Bancorp, Inc. reported a gross profit of 94.08M and revenue of 122.93M. Therefore, the gross margin over that period was 76.5%.

THFF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Financial Corporation reported a gross profit of 0.00 and revenue of 77.95M. Therefore, the gross margin over that period was 0.0%.

GABC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, German American Bancorp, Inc. reported an operating income of 41.71M and revenue of 122.93M, resulting in an operating margin of 33.9%.

THFF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Financial Corporation reported an operating income of 0.00 and revenue of 77.95M, resulting in an operating margin of 0.0%.

GABC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, German American Bancorp, Inc. reported a net income of 33.15M and revenue of 122.93M, resulting in a net margin of 27.0%.

THFF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Financial Corporation reported a net income of 19.80M and revenue of 77.95M, resulting in a net margin of 25.4%.

Frequently Asked Questions

Can I hold both GABC and THFF in my portfolio?

GABC and THFF have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GABC or THFF?

THFF has higher volatility (6.97%) compared to GABC (5.55%). In terms of maximum drawdown, GABC dropped -63.37% vs THFF's -51.80%.

Which has better risk-adjusted returns?

THFF currently has the higher Sharpe Ratio (1.36 vs 0.68), 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.