MSEX vs. FUL
MSEX (Middlesex Water Company) and FUL (H.B. Fuller Company) are both stocks. MSEX operates in Utilities - Regulated Water (Utilities), while FUL operates in Specialty Chemicals (Basic Materials). Over the past 10 years, MSEX returned 5.43%/yr vs 3.18%/yr for FUL. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
MSEX vs. FUL - Performance Comparison
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Returns By Period
In the year-to-date period, MSEX achieves a 15.19% return, which is significantly higher than FUL's -5.87% return. Over the past 10 years, MSEX has outperformed FUL with an annualized return of 5.43%, while FUL has yielded a comparatively lower 3.18% annualized return.
MSEX
- 1D
- 2.67%
- 1M
- 1.29%
- 6M
- 10.88%
- YTD
- 15.19%
- 1Y
- 14.06%
- 3Y*
- -8.48%
- 5Y*
- -9.05%
- 10Y*
- 5.43%
- ALL TIME*
- 10.57%
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 | |
| $6.97M | $11.03M | $8.63M |
MSEX vs. FUL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSEX Middlesex Water Company | 15.19% | -1.65% | -18.00% | -15.19% | -33.75% | 68.50% | 15.78% | 21.12% | 36.54% | -4.92% |
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 MSEX and FUL is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.31 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.31 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 1990 | 0.24 |
The correlation between MSEX and FUL shifts across timeframes, from 0.21 (1 year) to 0.33 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MSEX:
$1.07B
FUL:
$2.97B
MSEX:
$3.49
FUL:
$3.36
MSEX:
16.44
FUL:
16.47
MSEX:
3.82
FUL:
0.87
MSEX:
$206.14M
FUL:
$3.51B
MSEX:
$65.77M
FUL:
$1.14B
MSEX:
$91.33M
FUL:
$511.88M
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Return for Risk
MSEX vs. FUL — Risk / Return Rank
MSEX
FUL
MSEX vs. FUL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Middlesex Water Company (MSEX) 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.
| MSEX | FUL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.03 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.67 | -0.00 | +0.67 |
| Martin ratioReturn relative to average drawdown | 1.16 | -0.00 | +1.17 |
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Drawdowns
MSEX vs. FUL - Drawdown Comparison
The maximum MSEX drawdown since its inception was -60.51%, smaller than the maximum FUL drawdown of -68.25%. Use the drawdown chart below to compare losses from any high point for MSEX and FUL.
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Drawdown Indicators
| MSEX | FUL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.51% | -68.25% | +7.74% |
Max Drawdown (1Y)Largest decline over 1 year | -21.04% | -26.97% | +5.93% |
Max Drawdown (3Y)Largest decline over 3 years | -43.09% | -43.45% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | -60.51% | -43.45% | -17.06% |
Max Drawdown (10Y)Largest decline over 10 years | -60.51% | -56.29% | -4.22% |
Current DrawdownCurrent decline from peak | -47.81% | -33.83% | -13.98% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -18.80% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.11% | 9.52% | +2.59% |
Volatility
MSEX vs. FUL - Volatility Comparison
Middlesex Water Company (MSEX) and H.B. Fuller Company (FUL) have volatilities of 7.79% and 8.05%, 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
| MSEX | FUL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 8.05% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 18.68% | 27.24% | -8.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.22% | 33.78% | -3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.45% | 29.76% | +0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.33% | 31.21% | +1.12% |
Dividends
MSEX vs. FUL - Dividend Comparison
MSEX's dividend yield for the trailing twelve months is around 2.48%, more 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% |
MSEX Middlesex Water Company | 2.48% | 2.74% | 2.50% | 1.92% | 1.50% | 1.16% | 1.44% | 1.54% | 1.71% | 2.15% | 1.88% | 2.92% |
Financials
MSEX vs. FUL - Financials Comparison
This section allows you to compare key financial metrics between Middlesex Water Company 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
MSEX vs. FUL - Profitability Comparison
MSEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Middlesex Water Company reported a gross profit of 0.00 and revenue of 56.36M. Therefore, the gross margin over that period was 0.0%.
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%.
MSEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Middlesex Water Company reported an operating income of 18.23M and revenue of 56.36M, resulting in an operating margin of 32.4%.
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%.
MSEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Middlesex Water Company reported a net income of 14.77M and revenue of 56.36M, resulting in a net margin of 26.2%.
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
MSEX and FUL 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.
FUL has higher volatility (8.05%) compared to MSEX (7.79%). In terms of maximum drawdown, MSEX dropped -60.51% vs FUL's -68.25%.
MSEX currently has the higher Sharpe Ratio (0.47 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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