AMSF vs EFSC: Correlation
Measured on weekly returns over the past three years, AMERISAFE, Inc. (AMSF) and Enterprise Financial Services Corporation (EFSC) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMSF and EFSC?
Across a 3-year window, the weekly returns of AMSF and EFSC correlate at 0.50, moderate. The relationship has been stable: the 1-year correlation (0.50) sits close to the 3-year figure. Stretching to 5 years gives 0.46, with an annualized covariance of 329.9 %².
Within AMSF's tracked universe of 12 assets, EFSC comes in at #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EFSC outperformed by 44.8 percentage points (-39.5% for AMSF against +5.3% for EFSC).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMSF vs EFSC: side by side
| AMSF (AMERISAFE, Inc.) | EFSC (Enterprise Financial Services Corporation) | |
|---|---|---|
| 1-year return | -39.5% | +5.3% |
| 5-year return | -29.7% | +59.0% |
| Volatility (ann.) | 24.6% | 26.9% |
| Beta vs S&P 500 | 0.22 | 0.66 |
| Max drawdown (3Y) | -50.2% | -25.0% |
| Market cap | $0.5B | $2.3B |
| P/E (trailing) | 10.5 | 12.6 |
| Dividend yield | 6.09% | 2.05% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AMSF | EFSC |
|---|---|---|
| 2022 | +6.1% | +6.0% |
| 2023 | -0.9% | -6.6% |
| 2024 | +19.6% | +29.3% |
| 2025 | -20.8% | -2.1% |
| 2026 | -30.2% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMSF and EFSC good diversifiers for each other?
Only partially. A correlation of 0.50 means AMSF and EFSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between AMSF and EFSC?
The AMSF/EFSC correlation stands at 0.50 on a 3-year window (1 year: 0.50, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is EFSC a good diversifier for AMSF?
Only partially. A correlation of 0.50 means AMSF and EFSC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amsf-vs-efsc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amsf-vs-efsc/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AMSF correlations · EFSC correlations
