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 14.11%/yr vs 16.63%/yr for NMM. At a 0.46 correlation, their price movements are largely independent.
Performance
CMRE vs. NMM - Performance Comparison
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Returns By Period
In the year-to-date period, CMRE achieves a -1.48% return, which is significantly lower than NMM's 38.56% return. Over the past 10 years, CMRE has underperformed NMM with an annualized return of 14.11%, while NMM has yielded a comparatively higher 16.63% annualized return.
CMRE
- 1D
- 0.59%
- 1M
- -6.58%
- YTD
- -1.48%
- 6M
- -0.66%
- 1Y
- 74.98%
- 3Y*
- 35.69%
- 5Y*
- 16.05%
- 10Y*
- 14.11%
NMM
- 1D
- 0.96%
- 1M
- -2.67%
- YTD
- 38.56%
- 6M
- 40.76%
- 1Y
- 85.59%
- 3Y*
- 51.94%
- 5Y*
- 21.15%
- 10Y*
- 16.63%
CMRE vs. NMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMRE Costamare Inc. | -1.48% | 73.07% | 28.07% | 17.60% | -21.93% | 59.04% | -7.26% | 132.86% | -19.11% | 9.57% |
NMM Navios Maritime Partners L.P. | 38.56% | 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 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2010 | 0.46 |
The correlation between CMRE and NMM shifts across timeframes, from 0.46 (all time) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
CMRE:
$1.85B
NMM:
$2.12B
CMRE:
$2.87
NMM:
$11.86
CMRE:
5.35
NMM:
6.12
CMRE:
2.17
NMM:
1.52
CMRE:
0.86
NMM:
0.62
CMRE:
$849.60M
NMM:
$1.40B
CMRE:
$495.90M
NMM:
$919.38M
CMRE:
$569.59M
NMM:
$708.29M
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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 | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.15 | 4.60 | +0.55 |
| Martin ratioReturn relative to average drawdown | 13.70 | 16.68 | -2.98 |
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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.
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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 | -14.63% | -18.69% | +4.06% |
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 | -13.78% | -64.27% | +50.49% |
Average DrawdownAverage peak-to-trough decline | -33.42% | -58.84% | +25.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.49% | 5.16% | +0.33% |
Volatility
CMRE vs. NMM - Volatility Comparison
Costamare Inc. (CMRE) has a higher volatility of 9.37% compared to Navios Maritime Partners L.P. (NMM) at 8.55%. This indicates that CMRE's price experiences larger fluctuations and is considered to be riskier than NMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMRE | NMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.37% | 8.55% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 23.81% | 25.69% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.16% | 32.29% | -0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.40% | 41.89% | -3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.34% | 54.76% | -10.42% |
Dividends
CMRE vs. NMM - Dividend Comparison
CMRE's dividend yield for the trailing twelve months is around 3.00%, more than NMM's 0.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMRE Costamare Inc. | 3.00% | 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. | 0.29% | 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 Jun 2026, Costamare Inc. reported a gross profit of 103.13M and revenue of 201.56M. 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 Jun 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 Jun 2026, Costamare Inc. reported an operating income of 88.13M and revenue of 201.56M, resulting in an operating margin of 43.7%.
NMM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 Jun 2026, Costamare Inc. reported a net income of 80.40M and revenue of 201.56M, resulting in a net margin of 39.9%.
NMM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CMRE has higher volatility (9.37%) compared to NMM (8.55%). In terms of maximum drawdown, CMRE dropped -78.24% vs NMM's -98.13%.
NMM currently has the higher Sharpe Ratio (2.67 vs 2.35), 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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