ASC vs. FRO
ASC (Ardmore Shipping Corporation) and FRO (Frontline Ltd.) are both stocks. ASC operates in Marine Shipping (Industrials), while FRO operates in Oil & Gas Midstream (Energy). Over the past 10 years, ASC returned 7.78%/yr vs 22.58%/yr for FRO. At a 0.48 correlation, their price movements are largely independent.
Performance
ASC vs. FRO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASC achieves a 57.44% return, which is significantly lower than FRO's 63.98% return. Over the past 10 years, ASC has underperformed FRO with an annualized return of 7.78%, while FRO has yielded a comparatively higher 22.58% annualized return.
ASC
- 1D
- -1.28%
- 1M
- -8.61%
- YTD
- 57.44%
- 6M
- 37.91%
- 1Y
- 75.06%
- 3Y*
- 14.24%
- 5Y*
- 35.04%
- 10Y*
- 7.78%
FRO
- 1D
- -0.49%
- 1M
- -6.30%
- YTD
- 63.98%
- 6M
- 54.84%
- 1Y
- 104.32%
- 3Y*
- 45.91%
- 5Y*
- 42.40%
- 10Y*
- 22.58%
ASC vs. FRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASC Ardmore Shipping Corporation | 57.44% | -10.36% | -8.18% | 5.81% | 326.33% | 3.36% | -63.57% | 93.79% | -41.63% | 8.11% |
FRO Frontline Ltd. | 63.98% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
Correlation
The correlation between ASC and FRO is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2013 | 0.48 |
Over the past year, ASC and FRO have become more correlated (0.76) than their long-term average of 0.48, meaning their price movements have been converging.
Fundamentals
ASC:
$661.48M
FRO:
$7.72B
ASC:
$1.43
FRO:
$4.06
ASC:
11.32
FRO:
8.53
ASC:
2.04
FRO:
3.43
ASC:
1.01
FRO:
2.72
ASC:
$324.12M
FRO:
$2.25B
ASC:
$100.44M
FRO:
$933.72M
ASC:
$105.80M
FRO:
$1.21B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASC vs. FRO — Risk / Return Rank
ASC
FRO
ASC vs. FRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ardmore Shipping Corporation (ASC) and Frontline Ltd. (FRO). 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.
| ASC | FRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.09 | 2.50 | -0.41 |
Sortino ratioReturn per unit of downside risk | 2.80 | 3.07 | -0.27 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.36 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 3.46 | 4.79 | -1.33 |
Martin ratioReturn relative to average drawdown | 8.84 | 13.21 | -4.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ASC | FRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.09 | 2.50 | -0.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.86 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 0.44 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | 0.11 | -0.01 |
Drawdowns
ASC vs. FRO - Drawdown Comparison
The maximum ASC drawdown since its inception was -80.11%, smaller than the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for ASC and FRO.
Loading charts...
Drawdown Indicators
| ASC | FRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.11% | -98.36% | +18.25% |
Max Drawdown (1Y)Largest decline over 1 year | -21.96% | -21.41% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -61.41% | -52.04% | -9.37% |
Max Drawdown (5Y)Largest decline over 5 years | -61.41% | -52.04% | -9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -71.72% | -57.14% | -14.58% |
Current DrawdownCurrent decline from peak | -22.92% | -74.46% | +51.54% |
Average DrawdownAverage peak-to-trough decline | -39.00% | -67.84% | +28.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.60% | 7.76% | +0.84% |
Volatility
ASC vs. FRO - Volatility Comparison
Ardmore Shipping Corporation (ASC) has a higher volatility of 11.85% compared to Frontline Ltd. (FRO) at 10.53%. This indicates that ASC's price experiences larger fluctuations and is considered to be riskier than FRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ASC | FRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.85% | 10.53% | +1.32% |
Volatility (6M)Calculated over the trailing 6-month period | 26.96% | 30.79% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.10% | 41.98% | -5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.96% | 49.35% | -3.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.41% | 51.17% | +0.24% |
Dividends
ASC vs. FRO - Dividend Comparison
ASC's dividend yield for the trailing twelve months is around 4.01%, less than FRO's 5.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASC Ardmore Shipping Corporation | 4.01% | 2.83% | 8.89% | 8.16% | 0.00% | 0.00% | 1.53% | 0.00% | 0.00% | 0.00% | 5.41% | 4.80% |
FRO Frontline Ltd. | 5.07% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
Financials
ASC vs. FRO - Financials Comparison
This section allows you to compare key financial metrics between Ardmore Shipping Corporation and Frontline Ltd.. 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
ASC vs. FRO - Profitability Comparison
ASC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ardmore Shipping Corporation reported a gross profit of 32.00M and revenue of 87.92M. Therefore, the gross margin over that period was 36.4%.
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported a gross profit of 395.96M and revenue of 714.24M. Therefore, the gross margin over that period was 55.4%.
ASC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ardmore Shipping Corporation reported an operating income of 25.58M and revenue of 87.92M, resulting in an operating margin of 29.1%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported an operating income of 370.04M and revenue of 714.24M, resulting in an operating margin of 51.8%.
ASC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ardmore Shipping Corporation reported a net income of 23.58M and revenue of 87.92M, resulting in a net margin of 26.8%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported a net income of 559.12M and revenue of 714.24M, resulting in a net margin of 78.3%.
Frequently Asked Questions
ASC and FRO have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASC has higher volatility (11.85%) compared to FRO (10.53%). In terms of maximum drawdown, ASC dropped -80.11% vs FRO's -98.36%.
FRO currently has the higher Sharpe Ratio (2.50 vs 2.09), 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.
Find the right allocation for ASC and FRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer