ESEA vs. DAC

Last updated Jun 4, 2026

ESEA (Euroseas Ltd) and DAC (Danaos Corporation) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, ESEA returned 23.65%/yr vs 12.39%/yr for DAC. At a 0.28 correlation, their price movements are largely independent.

Performance

ESEA vs. DAC - Performance Comparison

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

Returns By Period

In the year-to-date period, ESEA achieves a 20.89% return, which is significantly lower than DAC's 38.38% return. Over the past 10 years, ESEA has outperformed DAC with an annualized return of 23.65%, while DAC has yielded a comparatively lower 12.39% annualized return.

ESEA

• 1D: -0.85%
• 1M: -4.61%
• YTD: 20.89%
• 6M: 8.14%
• 1Y: 75.89%
• 3Y*: 76.89%
• 5Y*: 51.62%
• 10Y*: 23.65%

DAC

• 1D: -0.33%
• 1M: 4.79%
• YTD: 38.38%
• 6M: 32.28%
• 1Y: 57.63%
• 3Y*: 33.16%
• 5Y*: 20.11%
• 10Y*: 12.39%

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

ESEA vs. DAC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ESEA Euroseas Ltd	20.89%	140.95%	23.60%	83.39%	-21.02%	358.75%	33.42%	-27.32%	-58.82%	0.59%
DAC Danaos Corporation	38.38%	22.24%	12.41%	47.51%	-26.57%	256.10%	133.44%	-12.57%	-48.28%	-45.28%

Correlation

The correlation between ESEA and DAC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Oct 17, 2006	0.28

The correlation between ESEA and DAC shifts across timeframes, from 0.28 (all time) to 0.54 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ESEA : $456.16M DAC : $2.34B
EPS ESEA : $18.99 DAC : $28.34
PE Ratio ESEA : 3.44 DAC : 4.53
PS Ratio ESEA : 2.00 DAC : 2.26
PB Ratio ESEA : 0.93 DAC : 0.60
Total Revenue (TTM) ESEA : $227.36M DAC : $1.04B
Gross Profit (TTM) ESEA : $148.47M DAC : $705.76M
EBITDA (TTM) ESEA : $165.74M DAC : $739.01M

Return for Risk

ESEA vs. DAC — Risk / Return Rank

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

ESEA

ESEA Risk / Return Rank: 82
ESEA Sharpe Ratio Rank: 84
ESEA Sortino Ratio Rank: 78
ESEA Omega Ratio Rank: 78
ESEA Calmar Ratio Rank: 88
ESEA Martin Ratio Rank: 84

DAC

DAC Risk / Return Rank: 91
DAC Sharpe Ratio Rank: 93
DAC Sortino Ratio Rank: 93
DAC Omega Ratio Rank: 89
DAC Calmar Ratio Rank: 90
DAC Martin Ratio Rank: 92

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.

ESEA vs. DAC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Euroseas Ltd (ESEA) and Danaos Corporation (DAC). 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.

	ESEA	DAC	Difference
Sharpe ratio Return per unit of total volatility	1.71	2.71	-0.99
Sortino ratio Return per unit of downside risk	2.20	3.66	-1.47
Omega ratio Gain probability vs. loss probability	1.29	1.43	-0.14
Calmar ratio Return relative to maximum drawdown	4.16	4.61	-0.45
Martin ratio Return relative to average drawdown	8.65	14.74	-6.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ESEA vs. DAC - Sharpe Ratio Comparison

The current ESEA Sharpe Ratio is 1.71, which is lower than the DAC Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of ESEA and DAC, 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

	ESEA	DAC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	2.71	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.58	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.19	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	-0.03	-0.08

Drawdowns

ESEA vs. DAC - Drawdown Comparison

The maximum ESEA drawdown since its inception was -99.84%, roughly equal to the maximum DAC drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for ESEA and DAC.

Drawdown Indicators

	ESEA	DAC	Difference
Max Drawdown Largest peak-to-trough decline	-99.84%	-99.42%	-0.42%
Max Drawdown (1Y) Largest decline over 1 year	-18.36%	-12.58%	-5.78%
Max Drawdown (3Y) Largest decline over 3 years	-38.00%	-28.87%	-9.13%
Max Drawdown (5Y) Largest decline over 5 years	-51.28%	-50.14%	-1.14%
Max Drawdown (10Y) Largest decline over 10 years	-95.54%	-95.81%	+0.27%
Current Drawdown Current decline from peak	-87.73%	-67.11%	-20.62%
Average Drawdown Average peak-to-trough decline	-85.42%	-80.47%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.80%	3.92%	+4.88%

Volatility

ESEA vs. DAC - Volatility Comparison

Euroseas Ltd (ESEA) has a higher volatility of 19.25% compared to Danaos Corporation (DAC) at 7.26%. This indicates that ESEA's price experiences larger fluctuations and is considered to be riskier than DAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ESEA	DAC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.25%	7.26%	+11.99%
Volatility (6M) Calculated over the trailing 6-month period	33.17%	16.62%	+16.55%
Volatility (1Y) Calculated over the trailing 1-year period	44.51%	21.45%	+23.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.82%	34.65%	+22.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.56%	65.05%	+29.51%

Dividends

ESEA vs. DAC - Dividend Comparison

ESEA's dividend yield for the trailing twelve months is around 4.29%, more than DAC's 2.77% yield.

Position	TTM	2025	2024	2023	2022	2021
DAC Danaos Corporation	2.77%	3.66%	4.06%	4.12%	5.70%	2.01%
ESEA Euroseas Ltd	4.29%	16.23%	6.63%	6.42%	8.13%	0.00%

Financials

ESEA vs. DAC - Profitability Comparison

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

ESEA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Euroseas Ltd reported a gross profit of 37.73M and revenue of 55.84M. Therefore, the gross margin over that period was 67.6%.

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%.

ESEA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Euroseas Ltd reported an operating income of 34.03M and revenue of 55.84M, resulting in an operating margin of 61.0%.

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%.

ESEA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Euroseas Ltd reported a net income of 32.52M and revenue of 55.84M, resulting in a net margin of 58.2%.

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%.

Frequently Asked Questions

Can I hold both ESEA and DAC in my portfolio?

ESEA and DAC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ESEA or DAC?

ESEA has higher volatility (19.25%) compared to DAC (7.26%). In terms of maximum drawdown, ESEA dropped -99.84% vs DAC's -99.42%.

Which has better risk-adjusted returns?

DAC currently has the higher Sharpe Ratio (2.71 vs 1.71), 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.