BAC vs. KNOP
Compare and contrast key facts about Bank of America Corporation (BAC) and KNOT Offshore Partners LP (KNOP).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAC or KNOP.
Key characteristics
BAC | KNOP | |
---|---|---|
YTD Return | 13.09% | -10.35% |
1Y Return | 38.72% | -1.32% |
3Y Return (Ann) | 1.75% | -29.31% |
5Y Return (Ann) | 9.19% | -15.32% |
10Y Return (Ann) | 10.51% | -7.13% |
Sharpe Ratio | 1.51 | -0.07 |
Daily Std Dev | 24.41% | 42.72% |
Max Drawdown | -93.45% | -74.53% |
Current Drawdown | -18.64% | -69.57% |
Fundamentals
BAC | KNOP | |
---|---|---|
Market Cap | $292.35B | $182.38M |
EPS | $3.08 | -$1.01 |
PE Ratio | 12.03 | 30.39 |
PEG Ratio | 8.80 | 10.45 |
Revenue (TTM) | $94.19B | $287.88M |
Gross Profit (TTM) | $92.41B | $178.98M |
Correlation
The correlation between BAC and KNOP is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BAC vs. KNOP - Performance Comparison
In the year-to-date period, BAC achieves a 13.09% return, which is significantly higher than KNOP's -10.35% return. Over the past 10 years, BAC has outperformed KNOP with an annualized return of 10.51%, while KNOP has yielded a comparatively lower -7.13% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Risk-Adjusted Performance
BAC vs. KNOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bank of America Corporation (BAC) and KNOT Offshore Partners LP (KNOP). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Bank of America Corporation | 1.51 | ||||
KNOT Offshore Partners LP | -0.07 |
Dividends
BAC vs. KNOP - Dividend Comparison
BAC's dividend yield for the trailing twelve months is around 2.49%, more than KNOP's 2.02% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Bank of America Corporation | 2.49% | 2.73% | 2.60% | 1.75% | 2.38% | 1.87% | 2.19% | 1.32% | 1.13% | 1.19% | 0.67% | 0.26% |
KNOT Offshore Partners LP | 2.02% | 1.81% | 21.60% | 15.57% | 13.81% | 10.50% | 11.60% | 10.02% | 8.81% | 15.05% | 8.07% | 2.68% |
Drawdowns
BAC vs. KNOP - Drawdown Comparison
The maximum BAC drawdown since its inception was -93.45%, which is greater than KNOP's maximum drawdown of -74.53%. The drawdown chart below compares losses from any high point along the way for BAC and KNOP
Volatility
BAC vs. KNOP - Volatility Comparison
The current volatility for Bank of America Corporation (BAC) is 4.83%, while KNOT Offshore Partners LP (KNOP) has a volatility of 7.89%. This indicates that BAC experiences smaller price fluctuations and is considered to be less risky than KNOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.