CMRE vs. NMM
CMRE (Costamare Inc.) and NMM (Navios Maritime Partners L.P.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, CMRE returned 15.02%/yr vs 17.36%/yr for NMM. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
CMRE vs. NMM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CMRE achieves a 0.91% return, which is significantly lower than NMM's 54.29% return. Over the past 10 years, CMRE has underperformed NMM with an annualized return of 15.02%, while NMM has yielded a comparatively higher 17.36% annualized return.
CMRE
- 1D
- 0.39%
- 1M
- 10.18%
- 6M
- -5.75%
- YTD
- 0.91%
- 1Y
- 56.57%
- 3Y*
- 28.50%
- 5Y*
- 19.29%
- 10Y*
- 15.02%
- ALL TIME*
- 10.12%
NMM
- 1D
- 1.88%
- 1M
- 11.44%
- 6M
- 35.25%
- YTD
- 54.29%
- 1Y
- 94.40%
- 3Y*
- 51.37%
- 5Y*
- 30.19%
- 10Y*
- 17.36%
- ALL TIME*
- -0.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CMRE Costamare Inc. | $5.55M | $5.70M | $7.34M |
| $10.17M | $8.75M | $9.44M |
CMRE vs. NMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMRE Costamare Inc. | 0.91% | 73.07% | 28.07% | 17.60% | -21.93% | 59.04% | -7.26% | 132.86% | -19.11% | 9.57% |
NMM Navios Maritime Partners L.P. | 54.29% | 21.68% | 55.59% | 8.61% | 4.18% | 125.91% | -34.68% | 57.42% | -62.79% | 67.38% |
Correlation
The correlation between CMRE and NMM is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.63 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.47 |
The correlation between CMRE and NMM shifts across timeframes, from 0.47 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CMRE:
$1.88B
NMM:
$2.30B
CMRE:
$2.81
NMM:
$11.89
CMRE:
5.54
NMM:
6.79
CMRE:
2.24
NMM:
1.69
CMRE:
0.85
NMM:
0.69
CMRE:
$839.45M
NMM:
$1.40B
CMRE:
$481.90M
NMM:
$919.38M
CMRE:
$541.47M
NMM:
$708.29M
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
CMRE vs. NMM — Risk / Return Rank
CMRE
NMM
CMRE vs. NMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Costamare Inc. (CMRE) and Navios Maritime Partners L.P. (NMM). 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.
| CMRE | NMM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.13 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.44 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.79 | 5.25 | -2.46 |
| Martin ratioReturn relative to average drawdown | 7.91 | 18.33 | -10.42 |
Loading charts...
Drawdowns
CMRE vs. NMM - Drawdown Comparison
The maximum CMRE drawdown since its inception was -78.24%, smaller than the maximum NMM drawdown of -98.13%. Use the drawdown chart below to compare losses from any high point for CMRE and NMM.
Loading charts...
Drawdown Indicators
| CMRE | NMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.24% | -98.13% | +19.89% |
Max Drawdown (1Y)Largest decline over 1 year | -21.43% | -18.69% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -50.07% | -53.75% | +3.68% |
Max Drawdown (5Y)Largest decline over 5 years | -52.88% | -53.75% | +0.87% |
Max Drawdown (10Y)Largest decline over 10 years | -66.54% | -87.93% | +21.39% |
Current DrawdownCurrent decline from peak | -11.69% | -60.21% | +48.52% |
Average DrawdownAverage peak-to-trough decline | -33.30% | -58.86% | +25.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.55% | 5.34% | +2.21% |
Volatility
CMRE vs. NMM - Volatility Comparison
The current volatility for Costamare Inc. (CMRE) is 8.13%, while Navios Maritime Partners L.P. (NMM) has a volatility of 9.89%. This indicates that CMRE experiences smaller price fluctuations and is considered to be less risky than NMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CMRE | NMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.13% | 9.89% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 24.00% | 26.58% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.00% | 32.43% | -0.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.11% | 41.14% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.60% | 54.42% | -10.82% |
Dividends
CMRE vs. NMM - Dividend Comparison
CMRE's dividend yield for the trailing twelve months is around 3.02%, more than NMM's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMRE Costamare Inc. | 3.02% | 2.54% | 3.58% | 4.42% | 9.11% | 3.40% | 4.83% | 4.20% | 9.11% | 6.93% | 17.32% | 11.04% |
NMM Navios Maritime Partners L.P. | 0.26% | 0.38% | 0.46% | 0.72% | 0.77% | 0.80% | 6.25% | 6.44% | 7.06% | 0.00% | 0.00% | 50.99% |
Financials
CMRE vs. NMM - Financials Comparison
This section allows you to compare key financial metrics between Costamare Inc. and Navios Maritime Partners L.P.. 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
CMRE vs. NMM - Profitability Comparison
CMRE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Costamare Inc. reported a gross profit of 102.68M and revenue of 200.75M. Therefore, the gross margin over that period was 51.2%.
NMM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Navios Maritime Partners L.P. reported a gross profit of 244.43M and revenue of 357.01M. Therefore, the gross margin over that period was 68.5%.
CMRE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Costamare Inc. reported an operating income of 89.97M and revenue of 200.75M, resulting in an operating margin of 44.8%.
NMM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Navios Maritime Partners L.P. reported an operating income of 125.60M and revenue of 357.01M, resulting in an operating margin of 35.2%.
CMRE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Costamare Inc. reported a net income of 82.65M and revenue of 200.75M, resulting in a net margin of 41.2%.
NMM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Navios Maritime Partners L.P. reported a net income of 106.34M and revenue of 357.01M, resulting in a net margin of 29.8%.
Frequently Asked Questions
CMRE and NMM have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMM has higher volatility (9.89%) compared to CMRE (8.13%). In terms of maximum drawdown, CMRE dropped -78.24% vs NMM's -98.13%.
NMM currently has the higher Sharpe Ratio (3.03 vs 1.90), 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 CMRE and NMM
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