MSA vs. FUL
MSA (MSA Safety Incorporated) and FUL (H.B. Fuller Company) are both stocks. MSA operates in Security & Protection Services (Industrials), while FUL operates in Specialty Chemicals (Basic Materials). Over the past 10 years, MSA returned 14.82%/yr vs 3.18%/yr for FUL. Their 0.35 correlation means their historical movements had little consistent relationship.
Performance
MSA vs. FUL - Performance Comparison
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Returns By Period
In the year-to-date period, MSA achieves a 19.50% return, which is significantly higher than FUL's -5.87% return. Over the past 10 years, MSA has outperformed FUL with an annualized return of 14.82%, while FUL has yielded a comparatively lower 3.18% annualized return.
MSA
- 1D
- 9.13%
- 1M
- 11.74%
- 6M
- 8.02%
- YTD
- 19.50%
- 1Y
- 8.28%
- 3Y*
- 3.11%
- 5Y*
- 4.23%
- 10Y*
- 14.82%
- ALL TIME*
- 12.40%
FUL
- 1D
- -0.14%
- 1M
- -3.03%
- 6M
- -6.87%
- YTD
- -5.87%
- 1Y
- -0.01%
- 3Y*
- -7.92%
- 5Y*
- -1.81%
- 10Y*
- 3.18%
- ALL TIME*
- 9.26%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $35.21M | $42.96M | $45.53M | |
| $52.68M | $45.55M | $54.48M |
MSA vs. FUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSA MSA Safety Incorporated | 19.50% | -2.14% | -0.71% | 18.52% | -3.15% | 2.14% | 19.79% | 36.10% | 23.61% | 13.97% |
FUL H.B. Fuller Company | -5.87% | -10.46% | -16.19% | 14.97% | -10.59% | 57.84% | 2.15% | 22.42% | -19.84% | 12.79% |
Correlation
The correlation between MSA and FUL is 0.50, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.36 |
The correlation between MSA and FUL shifts across timeframes, from 0.35 (all time) to 0.54 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
MSA:
$7.35B
FUL:
$2.97B
MSA:
$10.68
FUL:
$3.36
MSA:
17.81
FUL:
16.47
MSA:
2.87
FUL:
0.87
MSA:
$1.95B
FUL:
$3.51B
MSA:
$925.88M
FUL:
$1.14B
MSA:
$483.61M
FUL:
$511.88M
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Return for Risk
MSA vs. FUL — Risk / Return Rank
MSA
FUL
MSA vs. FUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MSA Safety Incorporated (MSA) and H.B. Fuller Company (FUL). 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.
| MSA | FUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.41 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.03 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.00 | +0.37 |
| Martin ratioReturn relative to average drawdown | 0.71 | -0.00 | +0.71 |
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Drawdowns
MSA vs. FUL - Drawdown Comparison
The maximum MSA drawdown since its inception was -70.32%, roughly equal to the maximum FUL drawdown of -68.25%. Use the drawdown chart below to compare losses from any high point for MSA and FUL.
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Drawdown Indicators
| MSA | FUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.32% | -68.25% | -2.07% |
Max Drawdown (1Y)Largest decline over 1 year | -22.60% | -26.97% | +4.37% |
Max Drawdown (3Y)Largest decline over 3 years | -34.28% | -43.45% | +9.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.28% | -43.45% | +9.17% |
Max Drawdown (10Y)Largest decline over 10 years | -38.39% | -56.29% | +17.90% |
Current DrawdownCurrent decline from peak | -5.77% | -33.83% | +28.06% |
Average DrawdownAverage peak-to-trough decline | -17.44% | -18.80% | +1.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 9.52% | +2.12% |
Volatility
MSA vs. FUL - Volatility Comparison
MSA Safety Incorporated (MSA) has a higher volatility of 10.41% compared to H.B. Fuller Company (FUL) at 8.05%. This indicates that MSA's price experiences larger fluctuations and is considered to be riskier than FUL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSA | FUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.41% | 8.05% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 19.77% | 27.24% | -7.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.09% | 33.78% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.16% | 29.76% | -4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.80% | 31.21% | -2.41% |
Dividends
MSA vs. FUL - Dividend Comparison
MSA's dividend yield for the trailing twelve months is around 1.12%, less than FUL's 1.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FUL H.B. Fuller Company | 1.74% | 1.56% | 1.29% | 0.99% | 1.03% | 0.82% | 1.25% | 1.23% | 1.44% | 1.10% | 1.14% | 1.40% |
MSA MSA Safety Incorporated | 1.12% | 1.31% | 1.21% | 1.11% | 1.26% | 1.16% | 1.14% | 1.30% | 1.58% | 1.78% | 1.89% | 2.92% |
Financials
MSA vs. FUL - Financials Comparison
This section allows you to compare key financial metrics between MSA Safety Incorporated and H.B. Fuller 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
MSA vs. FUL - Profitability Comparison
MSA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, MSA Safety Incorporated reported a gross profit of 249.29M and revenue of 503.33M. Therefore, the gross margin over that period was 49.5%.
FUL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, H.B. Fuller Company reported a gross profit of 322.24M and revenue of 950.27M. Therefore, the gross margin over that period was 33.9%.
MSA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, MSA Safety Incorporated reported an operating income of 107.24M and revenue of 503.33M, resulting in an operating margin of 21.3%.
FUL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, H.B. Fuller Company reported an operating income of 122.83M and revenue of 950.27M, resulting in an operating margin of 12.9%.
MSA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, MSA Safety Incorporated reported a net income of 86.19M and revenue of 503.33M, resulting in a net margin of 17.1%.
FUL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, H.B. Fuller Company reported a net income of 67.81M and revenue of 950.27M, resulting in a net margin of 7.1%.
Frequently Asked Questions
MSA and FUL have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSA has higher volatility (10.41%) compared to FUL (8.05%). In terms of maximum drawdown, MSA dropped -70.32% vs FUL's -68.25%.
MSA currently has the higher Sharpe Ratio (0.32 vs -0.00), 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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