FRO vs. CF
FRO (Frontline Ltd.) and CF (CF Industries Holdings, Inc.) are both stocks. FRO operates in Marine Shipping (Industrials), while CF operates in Agricultural Inputs (Basic Materials). Over the past 10 years, FRO returned 26.54%/yr vs 20.99%/yr for CF. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
FRO vs. CF - Performance Comparison
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Returns By Period
In the year-to-date period, FRO achieves a 94.26% return, which is significantly higher than CF's 63.40% return. Over the past 10 years, FRO has outperformed CF with an annualized return of 26.54%, while CF has yielded a comparatively lower 20.99% annualized return.
FRO
- 1D
- 0.69%
- 1M
- 13.46%
- 6M
- 48.31%
- YTD
- 94.26%
- 1Y
- 135.73%
- 3Y*
- 45.97%
- 5Y*
- 49.01%
- 10Y*
- 26.54%
- ALL TIME*
- 7.04%
CF
- 1D
- -0.46%
- 1M
- 15.75%
- 6M
- 35.55%
- YTD
- 63.40%
- 1Y
- 37.75%
- 3Y*
- 18.16%
- 5Y*
- 24.12%
- 10Y*
- 20.99%
- ALL TIME*
- 21.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $259.19M | $278.77M | $321.72M | |
| $66.00M | $77.57M | $107.06M |
FRO vs. CF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 94.26% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
CF CF Industries Holdings, Inc. | 63.40% | -7.17% | 10.08% | -4.75% | 22.29% | 87.18% | -15.76% | 12.73% | 5.13% | 40.24% |
Correlation
The correlation between FRO and CF is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2005 | 0.29 |
The correlation between FRO and CF shifts across timeframes, from -0.03 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
Fundamentals
FRO:
$8.76B
CF:
$19.23B
FRO:
$4.06
CF:
$11.18
FRO:
9.69
CF:
11.20
FRO:
3.89
CF:
2.66
FRO:
3.08
CF:
2.34
FRO:
$2.25B
CF:
$7.41B
FRO:
$933.72M
CF:
$2.99B
FRO:
$1.21B
CF:
$2.60B
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Return for Risk
FRO vs. CF — Risk / Return Rank
FRO
CF
FRO vs. CF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontline Ltd. (FRO) and CF Industries Holdings, Inc. (CF). 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.
| FRO | CF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.05 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 6.38 | 1.49 | +4.89 |
| Martin ratioReturn relative to average drawdown | 16.21 | 3.31 | +12.90 |
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Drawdowns
FRO vs. CF - Drawdown Comparison
The maximum FRO drawdown since its inception was -98.36%, which is greater than CF's maximum drawdown of -76.73%. Use the drawdown chart below to compare losses from any high point for FRO and CF.
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Drawdown Indicators
| FRO | CF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -76.73% | -21.63% |
Max Drawdown (1Y)Largest decline over 1 year | -21.41% | -25.45% | +4.04% |
Max Drawdown (3Y)Largest decline over 3 years | -52.04% | -29.16% | -22.88% |
Max Drawdown (5Y)Largest decline over 5 years | -52.04% | -48.36% | -3.68% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -60.74% | +8.70% |
Current DrawdownCurrent decline from peak | -69.74% | -8.65% | -61.09% |
Average DrawdownAverage peak-to-trough decline | -67.85% | -24.87% | -42.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.41% | 11.44% | -3.03% |
Volatility
FRO vs. CF - Volatility Comparison
Frontline Ltd. (FRO) has a higher volatility of 12.24% compared to CF Industries Holdings, Inc. (CF) at 10.07%. This indicates that FRO's price experiences larger fluctuations and is considered to be riskier than CF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRO | CF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.24% | 10.07% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 33.26% | 35.61% | -2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.30% | 42.03% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.77% | 38.14% | +11.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.17% | 40.08% | +11.09% |
Dividends
FRO vs. CF - Dividend Comparison
FRO's dividend yield for the trailing twelve months is around 7.95%, more than CF's 1.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CF CF Industries Holdings, Inc. | 1.60% | 2.59% | 2.34% | 2.01% | 1.76% | 1.70% | 3.10% | 2.51% | 2.76% | 2.82% | 3.81% | 2.94% |
FRO Frontline Ltd. | 7.95% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
Financials
FRO vs. CF - Financials Comparison
This section allows you to compare key financial metrics between Frontline Ltd. and CF Industries Holdings, Inc.. 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
FRO vs. CF - Profitability Comparison
FRO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
CF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, CF Industries Holdings, Inc. reported a gross profit of 746.00M and revenue of 1.99B. Therefore, the gross margin over that period was 37.6%.
FRO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Frontline Ltd. reported an operating income of 370.04M and revenue of 714.24M, resulting in an operating margin of 51.8%.
CF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, CF Industries Holdings, Inc. reported an operating income of 6.00M and revenue of 1.99B, resulting in an operating margin of 0.3%.
FRO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Frontline Ltd. reported a net income of 559.12M and revenue of 714.24M, resulting in a net margin of 78.3%.
CF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, CF Industries Holdings, Inc. reported a net income of 615.00M and revenue of 1.99B, resulting in a net margin of 31.0%.
Frequently Asked Questions
FRO and CF have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRO has higher volatility (12.24%) compared to CF (10.07%). In terms of maximum drawdown, FRO dropped -98.36% vs CF's -76.73%.
FRO currently has the higher Sharpe Ratio (3.16 vs 0.90), 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.
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