CLMT vs. KRNGY
CLMT (Calumet Specialty Products Partners, L.P.) and KRNGY (Karoon Energy Ltd) are both stocks. Both operate in the Oil & Gas E&P industry within the Energy sector. Over the past year, CLMT returned 183.11% vs 75.37% for KRNGY. At a correlation of -0.00, they often move in opposite directions.
Performance
CLMT vs. KRNGY - Performance Comparison
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Returns By Period
In the year-to-date period, CLMT achieves a 88.07% return, which is significantly higher than KRNGY's 61.44% return.
CLMT
- 1D
- 3.49%
- 1M
- 9.43%
- YTD
- 88.07%
- 6M
- 90.37%
- 1Y
- 183.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KRNGY
- 1D
- 0.00%
- 1M
- 8.17%
- YTD
- 61.44%
- 6M
- 63.95%
- 1Y
- 75.37%
- 3Y*
- 7.02%
- 5Y*
- 16.79%
- 10Y*
- —
CLMT vs. KRNGY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CLMT Calumet Specialty Products Partners, L.P. | 88.07% | -9.76% | 29.76% |
KRNGY Karoon Energy Ltd | 61.44% | 12.94% | -22.51% |
Correlation
The correlation between CLMT and KRNGY is -0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024 | -0.00 |
Fundamentals
CLMT:
$3.25B
KRNGY:
$1.04B
CLMT:
-$2.17
KRNGY:
$1.04
CLMT:
0.78
KRNGY:
0.49
CLMT:
$4.17B
KRNGY:
$2.16B
CLMT:
$239.60M
KRNGY:
$932.41M
CLMT:
$67.00M
KRNGY:
$1.28B
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Return for Risk
CLMT vs. KRNGY — Risk / Return Rank
CLMT
KRNGY
CLMT vs. KRNGY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calumet Specialty Products Partners, L.P. (CLMT) and Karoon Energy Ltd (KRNGY). 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.
| CLMT | KRNGY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 4.21 | 0.93 | +3.28 |
Sortino ratioReturn per unit of downside risk | 4.51 | 2.32 | +2.20 |
Omega ratioGain probability vs. loss probability | 1.59 | 1.90 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 8.08 | 2.00 | +6.08 |
Martin ratioReturn relative to average drawdown | 28.26 | 3.01 | +25.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLMT | KRNGY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.21 | 0.93 | +3.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.17 | +0.68 |
Drawdowns
CLMT vs. KRNGY - Drawdown Comparison
The maximum CLMT drawdown since its inception was -61.87%, roughly equal to the maximum KRNGY drawdown of -62.94%. Use the drawdown chart below to compare losses from any high point for CLMT and KRNGY.
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Drawdown Indicators
| CLMT | KRNGY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.87% | -62.94% | +1.07% |
Max Drawdown (1Y)Largest decline over 1 year | -22.81% | -38.47% | +15.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.94% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -62.94% | — |
Current DrawdownCurrent decline from peak | 0.00% | -22.02% | +22.02% |
Average DrawdownAverage peak-to-trough decline | -20.61% | -23.88% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.51% | 25.39% | -18.88% |
Volatility
CLMT vs. KRNGY - Volatility Comparison
Calumet Specialty Products Partners, L.P. (CLMT) has a higher volatility of 13.46% compared to Karoon Energy Ltd (KRNGY) at 5.41%. This indicates that CLMT's price experiences larger fluctuations and is considered to be riskier than KRNGY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLMT | KRNGY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.46% | 5.41% | +8.05% |
Volatility (6M)Calculated over the trailing 6-month period | 30.52% | 36.69% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.77% | 82.69% | -38.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.50% | 94.03% | -32.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.50% | 86.68% | -25.18% |
Dividends
CLMT vs. KRNGY - Dividend Comparison
CLMT has not paid dividends to shareholders, while KRNGY's dividend yield for the trailing twelve months is around 2.62%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
CLMT Calumet Specialty Products Partners, L.P. | 0.00% | 0.00% | 0.00% |
KRNGY Karoon Energy Ltd | 2.62% | 5.22% | 3.63% |
Financials
CLMT vs. KRNGY - Financials Comparison
This section allows you to compare key financial metrics between Calumet Specialty Products Partners, L.P. and Karoon Energy 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
CLMT vs. KRNGY - Profitability Comparison
CLMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Calumet Specialty Products Partners, L.P. reported a gross profit of -87.50M and revenue of 1.03B. Therefore, the gross margin over that period was -8.5%.
KRNGY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Karoon Energy Ltd reported a gross profit of 178.58M and revenue of 480.67M. Therefore, the gross margin over that period was 37.2%.
CLMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Calumet Specialty Products Partners, L.P. reported an operating income of -165.80M and revenue of 1.03B, resulting in an operating margin of -16.1%.
KRNGY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Karoon Energy Ltd reported an operating income of 148.12M and revenue of 480.67M, resulting in an operating margin of 30.8%.
CLMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Calumet Specialty Products Partners, L.P. reported a net income of -317.00M and revenue of 1.03B, resulting in a net margin of -30.8%.
KRNGY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Karoon Energy Ltd reported a net income of 81.79M and revenue of 480.67M, resulting in a net margin of 17.0%.
Frequently Asked Questions
CLMT and KRNGY have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLMT has higher volatility (13.46%) compared to KRNGY (5.41%). In terms of maximum drawdown, CLMT dropped -61.87% vs KRNGY's -62.94%.
CLMT currently has the higher Sharpe Ratio (4.21 vs 0.93), 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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