DAC vs. NAT

Last updated Apr 1, 2026

Compare and contrast key facts about Danaos Corporation (DAC) and Nordic American Tankers Limited (NAT).

Performance

DAC vs. NAT - Performance Comparison

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

DAC vs. NAT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DAC Danaos Corporation	20.59%	22.24%	12.41%	47.51%	-26.57%	256.10%	133.44%	-12.57%	-48.28%	-45.28%
NAT Nordic American Tankers Limited	75.65%	54.57%	-33.63%	55.83%	87.90%	-41.48%	-32.82%	156.48%	-13.56%	-68.39%

Fundamentals

Market Cap DAC : $2.07B NAT : $1.24B
EPS DAC : $26.91 NAT : $0.06
PE Ratio DAC : 4.19 NAT : 101.10
PS Ratio DAC : 1.99 NAT : 4.24
PB Ratio DAC : 0.55 NAT : 2.79
Total Revenue (TTM) DAC : $1.04B NAT : $292.42M
Gross Profit (TTM) DAC : $626.24M NAT : $57.87M
EBITDA (TTM) DAC : $736.66M NAT : $105.20M

Returns By Period

In the year-to-date period, DAC achieves a 20.59% return, which is significantly lower than NAT's 75.65% return. Over the past 10 years, DAC has outperformed NAT with an annualized return of 10.04%, while NAT has yielded a comparatively lower -0.62% annualized return.

DAC

• 1D: 2.60%
• 1M: -4.50%
• YTD: 20.59%
• 6M: 27.64%
• 1Y: 49.75%
• 3Y*: 32.51%
• 5Y*: 21.86%
• 10Y*: 10.04%

NAT

• 1D: 2.63%
• 1M: 5.45%
• YTD: 75.65%
• 6M: 99.36%
• 1Y: 169.36%
• 3Y*: 27.91%
• 5Y*: 21.50%
• 10Y*: -0.62%

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

Return for Risk

DAC vs. NAT — Risk / Return Rank

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

DAC

DAC Risk / Return Rank: 88
DAC Sharpe Ratio Rank: 90
DAC Sortino Ratio Rank: 88
DAC Omega Ratio Rank: 86
DAC Calmar Ratio Rank: 85
DAC Martin Ratio Rank: 90

NAT

NAT Risk / Return Rank: 99
NAT Sharpe Ratio Rank: 99
NAT Sortino Ratio Rank: 99
NAT Omega Ratio Rank: 97
NAT Calmar Ratio Rank: 99
NAT Martin Ratio Rank: 99

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. NAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Danaos Corporation (DAC) and Nordic American Tankers Limited (NAT). 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	NAT	Difference
Sharpe ratio Return per unit of total volatility	1.86	4.69	-2.83
Sortino ratio Return per unit of downside risk	2.57	5.12	-2.55
Omega ratio Gain probability vs. loss probability	1.34	1.61	-0.27
Calmar ratio Return relative to maximum drawdown	2.88	11.63	-8.75
Martin ratio Return relative to average drawdown	10.63	38.34	-27.72
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. NAT - Sharpe Ratio Comparison

The current DAC Sharpe Ratio is 1.86, which is lower than the NAT Sharpe Ratio of 4.69. The chart below compares the historical Sharpe Ratios of DAC and NAT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DAC	NAT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	4.69	-2.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.42	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.15	-0.01	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.15	-0.19

Correlation

The correlation between DAC and NAT is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

DAC vs. NAT - Dividend Comparison

DAC's dividend yield for the trailing twelve months is around 3.11%, less than NAT's 8.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAC Danaos Corporation	3.11%	3.66%	4.06%	4.12%	5.70%	2.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NAT Nordic American Tankers Limited	8.02%	10.47%	16.00%	11.67%	3.59%	3.55%	15.25%	2.03%	8.00%	21.54%	16.31%	8.88%

Drawdowns

DAC vs. NAT - Drawdown Comparison

The maximum DAC drawdown since its inception was -99.42%, which is greater than NAT's maximum drawdown of -90.20%. Use the drawdown chart below to compare losses from any high point for DAC and NAT.

Drawdown Indicators

	DAC	NAT	Difference
Max Drawdown Largest peak-to-trough decline	-99.42%	-90.20%	-9.22%
Max Drawdown (1Y) Largest decline over 1 year	-16.45%	-14.01%	-2.44%
Max Drawdown (5Y) Largest decline over 5 years	-50.14%	-61.91%	+11.77%
Max Drawdown (10Y) Largest decline over 10 years	-95.81%	-87.33%	-8.48%
Current Drawdown Current decline from peak	-71.34%	-38.02%	-33.32%
Average Drawdown Average peak-to-trough decline	-80.58%	-44.02%	-36.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.45%	4.25%	+0.20%

Volatility

DAC vs. NAT - Volatility Comparison

The current volatility for Danaos Corporation (DAC) is 9.33%, while Nordic American Tankers Limited (NAT) has a volatility of 14.52%. This indicates that DAC experiences smaller price fluctuations and is considered to be less risky than NAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DAC	NAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.33%	14.52%	-5.19%
Volatility (6M) Calculated over the trailing 6-month period	15.40%	25.51%	-10.11%
Volatility (1Y) Calculated over the trailing 1-year period	26.95%	36.42%	-9.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.45%	51.21%	-14.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	65.54%	57.92%	+7.62%

Financials

DAC vs. NAT - Profitability Comparison

The chart below illustrates the profitability comparison between Danaos Corporation and Nordic American Tankers Limited 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 Apr 2026, Danaos Corporation reported a gross profit of 172.70M and revenue of 266.26M. Therefore, the gross margin over that period was 64.9%.

NAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Nordic American Tankers Limited reported a gross profit of 29.04M and revenue of 85.90M. Therefore, the gross margin over that period was 33.8%.

DAC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Danaos Corporation reported an operating income of 122.93M and revenue of 266.26M, resulting in an operating margin of 46.2%.

NAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Nordic American Tankers Limited reported an operating income of 20.43M and revenue of 85.90M, resulting in an operating margin of 23.8%.

DAC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Danaos Corporation reported a net income of 117.91M and revenue of 266.26M, resulting in a net margin of 44.3%.

NAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Nordic American Tankers Limited reported a net income of 11.66M and revenue of 85.90M, resulting in a net margin of 13.6%.