DHT vs. HAFN
DHT (DHT Holdings, Inc.) and HAFN (Hafnia Limited) are both stocks. DHT operates in Oil & Gas Midstream (Energy), while HAFN operates in Marine Shipping (Industrials). Over the past year, DHT returned 85.31% vs 53.16% for HAFN. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
DHT vs. HAFN - Performance Comparison
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Returns By Period
In the year-to-date period, DHT achieves a 72.01% return, which is significantly higher than HAFN's 51.43% 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%
HAFN
- 1D
- 4.98%
- 1M
- -7.71%
- YTD
- 51.43%
- 6M
- 52.00%
- 1Y
- 53.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DHT vs. HAFN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DHT DHT Holdings, Inc. | 72.01% | 40.04% | -13.40% |
HAFN Hafnia Limited | 51.43% | 2.71% | -14.02% |
Correlation
The correlation between DHT and HAFN is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.66 |
The correlation between DHT and HAFN has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
Fundamentals
DHT:
$3.19B
HAFN:
$3.84B
DHT:
$2.06
HAFN:
$0.90
DHT:
9.60
HAFN:
8.39
DHT:
0.32
HAFN:
0.18
DHT:
5.62
HAFN:
1.59
DHT:
2.59
HAFN:
1.51
DHT:
$566.07M
HAFN:
$2.41B
DHT:
$268.69M
HAFN:
$496.74M
DHT:
$450.13M
HAFN:
$679.63M
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Return for Risk
DHT vs. HAFN — Risk / Return Rank
DHT
HAFN
DHT vs. HAFN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DHT Holdings, Inc. (DHT) and Hafnia Limited (HAFN). 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 | HAFN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.95 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.26 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 5.63 | 2.47 | +3.16 |
| Martin ratioReturn relative to average drawdown | 12.57 | 6.35 | +6.22 |
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Drawdowns
DHT vs. HAFN - Drawdown Comparison
The maximum DHT drawdown since its inception was -97.12%, which is greater than HAFN's maximum drawdown of -53.75%. Use the drawdown chart below to compare losses from any high point for DHT and HAFN.
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Drawdown Indicators
| DHT | HAFN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.12% | -53.75% | -43.37% |
Max Drawdown (1Y)Largest decline over 1 year | -15.22% | -21.63% | +6.41% |
Max Drawdown (3Y)Largest decline over 3 years | -24.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.56% | — | — |
Current DrawdownCurrent decline from peak | -60.29% | -16.69% | -43.60% |
Average DrawdownAverage peak-to-trough decline | -76.34% | -21.14% | -55.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.87% | 8.45% | -1.58% |
Volatility
DHT vs. HAFN - Volatility Comparison
DHT Holdings, Inc. (DHT) and Hafnia Limited (HAFN) have volatilities of 11.77% and 11.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DHT | HAFN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 11.95% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 28.38% | 26.15% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.64% | 34.99% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.49% | 38.30% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.64% | 38.30% | +3.34% |
Dividends
DHT vs. HAFN - Dividend Comparison
DHT's dividend yield for the trailing twelve months is around 7.44%, less than HAFN's 9.65% 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% |
HAFN Hafnia Limited | 9.65% | 7.48% | 20.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
DHT vs. HAFN - Financials Comparison
This section allows you to compare key financial metrics between DHT Holdings, Inc. and Hafnia Limited. 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. HAFN - 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%.
HAFN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hafnia Limited reported a gross profit of 159.30M and revenue of 671.22M. Therefore, the gross margin over that period was 23.7%.
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%.
HAFN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hafnia Limited reported an operating income of 150.55M and revenue of 671.22M, resulting in an operating margin of 22.4%.
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%.
HAFN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hafnia Limited reported a net income of 179.73M and revenue of 671.22M, resulting in a net margin of 26.8%.
Frequently Asked Questions
DHT and HAFN have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAFN has higher volatility (11.95%) compared to DHT (11.77%). In terms of maximum drawdown, DHT dropped -97.12% vs HAFN's -53.75%.
DHT currently has the higher Sharpe Ratio (2.48 vs 1.53), 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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