DHT vs. FRO
DHT (DHT Holdings, Inc.) and FRO (Frontline Ltd.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, DHT returned 23.29%/yr vs 26.31%/yr for FRO. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
DHT vs. FRO - Performance Comparison
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Returns By Period
In the year-to-date period, DHT achieves a 72.01% return, which is significantly lower than FRO's 105.17% return. Over the past 10 years, DHT has underperformed FRO with an annualized return of 23.29%, while FRO has yielded a comparatively higher 26.31% annualized return.
DHT
- 1D
- 4.66%
- 1M
- 13.75%
- YTD
- 72.01%
- 6M
- 72.15%
- 1Y
- 85.31%
- 3Y*
- 45.70%
- 5Y*
- 33.35%
- 10Y*
- 23.29%
FRO
- 1D
- 1.59%
- 1M
- 16.89%
- YTD
- 105.17%
- 6M
- 104.98%
- 1Y
- 141.62%
- 3Y*
- 56.36%
- 5Y*
- 48.00%
- 10Y*
- 26.31%
DHT vs. FRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DHT DHT Holdings, Inc. | 72.01% | 40.04% | 3.58% | 24.07% | 73.87% | 1.41% | -20.52% | 118.96% | 11.32% | -9.26% |
FRO Frontline Ltd. | 105.17% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
Correlation
The correlation between DHT and FRO is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.84 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Oct 13, 2005 | 0.57 |
Over the past year, DHT and FRO have become more correlated (0.85) than their long-term average of 0.57, meaning their price movements have been converging.
Fundamentals
DHT:
$3.19B
FRO:
$9.26B
DHT:
$2.06
FRO:
$4.06
DHT:
9.60
FRO:
10.23
DHT:
5.62
FRO:
4.11
DHT:
2.59
FRO:
3.26
DHT:
$566.07M
FRO:
$2.25B
DHT:
$268.69M
FRO:
$933.72M
DHT:
$450.13M
FRO:
$1.21B
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Return for Risk
DHT vs. FRO — Risk / Return Rank
DHT
FRO
DHT vs. FRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DHT Holdings, Inc. (DHT) 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.
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.
| DHT | FRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.63 | 6.65 | -1.02 |
| Martin ratioReturn relative to average drawdown | 12.57 | 18.91 | -6.34 |
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Drawdowns
DHT vs. FRO - Drawdown Comparison
The maximum DHT drawdown since its inception was -97.12%, roughly equal to the maximum FRO drawdown of -98.36%. Use the drawdown chart below to compare losses from any high point for DHT and FRO.
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Drawdown Indicators
| DHT | FRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.12% | -98.36% | +1.24% |
Max Drawdown (1Y)Largest decline over 1 year | -15.22% | -21.41% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -24.96% | -52.04% | +27.08% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -52.04% | +17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | -52.04% | +12.48% |
Current DrawdownCurrent decline from peak | -60.29% | -68.05% | +7.76% |
Average DrawdownAverage peak-to-trough decline | -76.34% | -67.84% | -8.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 7.60% | -0.73% |
Volatility
DHT vs. FRO - Volatility Comparison
The current volatility for DHT Holdings, Inc. (DHT) is 11.77%, while Frontline Ltd. (FRO) has a volatility of 13.58%. This indicates that DHT experiences smaller price fluctuations and is considered to be less risky than FRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHT | FRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 13.58% | -1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 28.38% | 32.28% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.64% | 42.18% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.49% | 49.54% | -11.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.64% | 51.13% | -9.49% |
Dividends
DHT vs. FRO - Dividend Comparison
DHT's dividend yield for the trailing twelve months is around 7.44%, less than FRO's 7.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHT DHT Holdings, Inc. | 7.44% | 6.06% | 10.76% | 11.72% | 1.35% | 2.50% | 25.81% | 2.42% | 2.04% | 5.57% | 17.15% | 6.55% |
FRO Frontline Ltd. | 7.53% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
Financials
DHT vs. FRO - Financials Comparison
This section allows you to compare key financial metrics between DHT Holdings, Inc. and Frontline Ltd.. 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
DHT vs. FRO - Profitability Comparison
DHT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DHT Holdings, Inc. reported a gross profit of 112.62M and revenue of 186.48M. Therefore, the gross margin over that period was 60.4%.
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported a gross profit of 395.96M and revenue of 714.24M. Therefore, the gross margin over that period was 55.4%.
DHT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DHT Holdings, Inc. reported an operating income of 107.66M and revenue of 186.48M, resulting in an operating margin of 57.7%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported an operating income of 370.04M and revenue of 714.24M, resulting in an operating margin of 51.8%.
DHT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DHT Holdings, Inc. reported a net income of 164.53M and revenue of 186.48M, resulting in a net margin of 88.2%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Frontline Ltd. reported a net income of 559.12M and revenue of 714.24M, resulting in a net margin of 78.3%.
Frequently Asked Questions
DHT and FRO have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRO has higher volatility (13.58%) compared to DHT (11.77%). In terms of maximum drawdown, DHT dropped -97.12% vs FRO's -98.36%.
FRO currently has the higher Sharpe Ratio (3.38 vs 2.48), 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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