DAC vs. MATX

Last updated Jun 5, 2026

DAC (Danaos Corporation) and MATX (Matson, Inc.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, DAC returned 12.53%/yr vs 21.01%/yr for MATX. At a 0.28 correlation, their price movements are largely independent.

Performance

DAC vs. MATX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Danaos Corporation (DAC) and Matson, Inc. (MATX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DAC achieves a 40.08% return, which is significantly lower than MATX's 52.22% return. Over the past 10 years, DAC has underperformed MATX with an annualized return of 12.53%, while MATX has yielded a comparatively higher 21.01% annualized return.

DAC

• 1D: 1.23%
• 1M: 2.62%
• YTD: 40.08%
• 6M: 34.98%
• 1Y: 58.29%
• 3Y*: 33.93%
• 5Y*: 20.40%
• 10Y*: 12.53%

MATX

• 1D: 0.80%
• 1M: 0.21%
• YTD: 52.22%
• 6M: 65.27%
• 1Y: 68.00%
• 3Y*: 39.43%
• 5Y*: 26.04%
• 10Y*: 21.01%

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

DAC vs. MATX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DAC Danaos Corporation	40.08%	22.24%	12.41%	47.51%	-26.57%	256.10%	133.44%	-12.57%	-48.28%	-45.28%
MATX Matson, Inc.	52.22%	-7.21%	24.30%	78.20%	-29.53%	60.35%	43.05%	30.32%	9.78%	-13.51%

Correlation

The correlation between DAC and MATX is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Oct 17, 2006	0.28

The correlation between DAC and MATX shifts across timeframes, from 0.28 (all time) to 0.45 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap DAC : $2.37B MATX : $5.73B
EPS DAC : $28.34 MATX : $13.63
PE Ratio DAC : 4.59 MATX : 13.74
PS Ratio DAC : 2.29 MATX : 1.78
PB Ratio DAC : 0.60 MATX : 2.10
Total Revenue (TTM) DAC : $1.04B MATX : $3.32B
Gross Profit (TTM) DAC : $705.76M MATX : $610.50M
EBITDA (TTM) DAC : $739.01M MATX : $712.90M

Return for Risk

DAC vs. MATX — Risk / Return Rank

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

DAC

DAC Risk / Return Rank: 92
DAC Sharpe Ratio Rank: 93
DAC Sortino Ratio Rank: 93
DAC Omega Ratio Rank: 90
DAC Calmar Ratio Rank: 90
DAC Martin Ratio Rank: 92

MATX

MATX Risk / Return Rank: 85
MATX Sharpe Ratio Rank: 87
MATX Sortino Ratio Rank: 86
MATX Omega Ratio Rank: 83
MATX Calmar Ratio Rank: 82
MATX Martin Ratio Rank: 85

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.

DAC vs. MATX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Danaos Corporation (DAC) and Matson, Inc. (MATX). 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.

	DAC	MATX	Difference
Sharpe ratio: Return per unit of total volatility	2.74	1.90	+0.84
Sortino ratio: Return per unit of downside risk	3.70	2.78	+0.91
Omega ratio: Gain probability vs. loss probability	1.43	1.34	+0.10
Calmar ratio: Return relative to maximum drawdown	4.66	2.84	+1.82
Martin ratio: Return relative to average drawdown	14.90	8.77	+6.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DAC vs. MATX - Sharpe Ratio Comparison

The current DAC Sharpe Ratio is 2.74, which is higher than the MATX Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of DAC and MATX, 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

	DAC	MATX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.74	1.90	+0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.66	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.19	0.50	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.25	-0.28

Drawdowns

DAC vs. MATX - Drawdown Comparison

The maximum DAC drawdown since its inception was -99.42%, which is greater than MATX's maximum drawdown of -71.40%. Use the drawdown chart below to compare losses from any high point for DAC and MATX.

Drawdown Indicators

	DAC	MATX	Difference
Max Drawdown Largest peak-to-trough decline	-99.42%	-71.40%	-28.02%
Max Drawdown (1Y) Largest decline over 1 year	-12.58%	-24.05%	+11.47%
Max Drawdown (3Y) Largest decline over 3 years	-28.87%	-46.90%	+18.03%
Max Drawdown (5Y) Largest decline over 5 years	-50.14%	-53.63%	+3.49%
Max Drawdown (10Y) Largest decline over 10 years	-95.81%	-53.63%	-42.18%
Current Drawdown Current decline from peak	-66.70%	-0.71%	-65.99%
Average Drawdown Average peak-to-trough decline	-80.46%	-33.33%	-47.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.93%	7.78%	-3.85%

Volatility

DAC vs. MATX - Volatility Comparison

The current volatility for Danaos Corporation (DAC) is 6.60%, while Matson, Inc. (MATX) has a volatility of 9.15%. This indicates that DAC experiences smaller price fluctuations and is considered to be less risky than MATX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAC	MATX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.60%	9.15%	-2.55%
Volatility (6M) Calculated over the trailing 6-month period	16.65%	24.89%	-8.24%
Volatility (1Y) Calculated over the trailing 1-year period	21.41%	35.99%	-14.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.65%	39.74%	-5.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.04%	42.18%	+22.86%

Dividends

DAC vs. MATX - Dividend Comparison

DAC's dividend yield for the trailing twelve months is around 2.73%, more than MATX's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAC Danaos Corporation	2.73%	3.66%	4.06%	4.12%	5.70%	2.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MATX Matson, Inc.	0.77%	1.13%	0.98%	1.15%	1.95%	1.18%	1.58%	2.11%	2.56%	2.61%	2.09%	1.64%

Financials

DAC vs. MATX - Profitability Comparison

The chart below illustrates the profitability comparison between Danaos Corporation and Matson, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

DAC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported a gross profit of 150.55M and revenue of 253.70M. Therefore, the gross margin over that period was 59.3%.

MATX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Matson, Inc. reported a gross profit of 0.00 and revenue of 757.80M. Therefore, the gross margin over that period was 0.0%.

DAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported an operating income of 125.20M and revenue of 253.70M, resulting in an operating margin of 49.4%.

MATX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Matson, Inc. reported an operating income of 61.40M and revenue of 757.80M, resulting in an operating margin of 8.1%.

DAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported a net income of 140.42M and revenue of 253.70M, resulting in a net margin of 55.4%.

MATX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Matson, Inc. reported a net income of 56.60M and revenue of 757.80M, resulting in a net margin of 7.5%.

Frequently Asked Questions

Can I hold both DAC and MATX in my portfolio?

DAC and MATX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DAC or MATX?

MATX has higher volatility (9.15%) compared to DAC (6.60%). In terms of maximum drawdown, DAC dropped -99.42% vs MATX's -71.40%.

Which has better risk-adjusted returns?

DAC currently has the higher Sharpe Ratio (2.74 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.