CTGO vs. FRO

Last updated Jun 3, 2026

CTGO (Contango Ore, Inc.) and FRO (Frontline Ltd.) are both stocks. CTGO operates in Gold (Basic Materials), while FRO operates in Oil & Gas Midstream (Energy). Over the past 10 years, CTGO returned 13.11%/yr vs 22.58%/yr for FRO. At a 0.02 correlation, their price movements are largely independent.

Performance

CTGO vs. FRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Contango Ore, Inc. (CTGO) and Frontline Ltd. (FRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CTGO achieves a -25.37% return, which is significantly lower than FRO's 63.98% return. Over the past 10 years, CTGO has underperformed FRO with an annualized return of 13.11%, while FRO has yielded a comparatively higher 22.58% annualized return.

CTGO

• 1D: 0.31%
• 1M: -14.79%
• YTD: -25.37%
• 6M: -18.22%
• 1Y: -2.76%
• 3Y*: -11.44%
• 5Y*: -1.72%
• 10Y*: 13.11%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CTGO vs. FRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTGO Contango Ore, Inc.	-25.37%	163.57%	-44.67%	-20.99%	-10.47%	36.53%	29.31%	-17.14%	-3.58%	-7.40%
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 CTGO and FRO is 0.10, 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	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since Jan 11, 2011	0.02

Fundamentals

Market Cap CTGO : $339.83M FRO : $7.72B
EPS CTGO : -$1.96 FRO : $4.06
PB Ratio CTGO : 1.06 FRO : 2.72
Total Revenue (TTM) CTGO : $0.00 FRO : $2.25B
Gross Profit (TTM) CTGO : -$158.43K FRO : $933.72M
EBITDA (TTM) CTGO : -$20.93M FRO : $1.21B

Return for Risk

CTGO vs. FRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CTGO

CTGO Risk / Return Rank: 39
CTGO Sharpe Ratio Rank: 39
CTGO Sortino Ratio Rank: 38
CTGO Omega Ratio Rank: 37
CTGO Calmar Ratio Rank: 41
CTGO Martin Ratio Rank: 41

FRO

FRO Risk / Return Rank: 89
FRO Sharpe Ratio Rank: 91
FRO Sortino Ratio Rank: 88
FRO Omega Ratio Rank: 84
FRO Calmar Ratio Rank: 90
FRO Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CTGO vs. FRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Contango Ore, Inc. (CTGO) 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.

	CTGO	FRO	Difference
Sharpe ratio Return per unit of total volatility	-0.05	2.50	-2.55
Sortino ratio Return per unit of downside risk	0.37	3.07	-2.70
Omega ratio Gain probability vs. loss probability	1.04	1.36	-0.31
Calmar ratio Return relative to maximum drawdown	0.03	4.79	-4.76
Martin ratio Return relative to average drawdown	0.08	13.21	-13.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTGO vs. FRO - Sharpe Ratio Comparison

The current CTGO Sharpe Ratio is -0.05, which is lower than the FRO Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of CTGO and FRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CTGO	FRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	2.50	-2.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.86	-0.89
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.44	-0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.11	-0.04

Drawdowns

CTGO vs. FRO - Drawdown Comparison

The maximum CTGO drawdown since its inception was -86.86%, smaller than the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for CTGO and FRO.

Drawdown Indicators

	CTGO	FRO	Difference
Max Drawdown Largest peak-to-trough decline	-86.86%	-98.36%	+11.50%
Max Drawdown (1Y) Largest decline over 1 year	-49.58%	-21.41%	-28.17%
Max Drawdown (3Y) Largest decline over 3 years	-72.48%	-52.04%	-20.44%
Max Drawdown (5Y) Largest decline over 5 years	-72.48%	-52.04%	-20.44%
Max Drawdown (10Y) Largest decline over 10 years	-72.87%	-57.14%	-15.73%
Current Drawdown Current decline from peak	-40.45%	-74.46%	+34.01%
Average Drawdown Average peak-to-trough decline	-39.03%	-67.84%	+28.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.02%	7.76%	+11.26%

Volatility

CTGO vs. FRO - Volatility Comparison

Contango Ore, Inc. (CTGO) has a higher volatility of 20.85% compared to Frontline Ltd. (FRO) at 10.53%. This indicates that CTGO'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.

Volatility by Period

	CTGO	FRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.85%	10.53%	+10.32%
Volatility (6M) Calculated over the trailing 6-month period	50.08%	30.79%	+19.29%
Volatility (1Y) Calculated over the trailing 1-year period	61.30%	41.98%	+19.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.24%	49.35%	+11.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.17%	51.17%	+26.00%

Dividends

CTGO vs. FRO - Dividend Comparison

CTGO has not paid dividends to shareholders, while FRO's dividend yield for the trailing twelve months is around 5.07%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTGO Contango Ore, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Frequently Asked Questions

Can I hold both CTGO and FRO in my portfolio?

CTGO and FRO have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CTGO or FRO?

CTGO has higher volatility (20.85%) compared to FRO (10.53%). In terms of maximum drawdown, CTGO dropped -86.86% vs FRO's -98.36%.

Which has better risk-adjusted returns?

FRO currently has the higher Sharpe Ratio (2.50 vs -0.05), 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.