FRO vs. EC
FRO (Frontline Ltd.) and EC (Ecopetrol S.A.) are both stocks. Both are in the Energy sector — FRO in Oil & Gas Midstream, EC in Oil & Gas Integrated. Over the past 10 years, FRO returned 26.31%/yr vs 17.04%/yr for EC. At a 0.31 correlation, their price movements are largely independent.
Performance
FRO vs. EC - Performance Comparison
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Returns By Period
In the year-to-date period, FRO achieves a 105.17% return, which is significantly higher than EC's 70.23% return. Over the past 10 years, FRO has outperformed EC with an annualized return of 26.31%, while EC has yielded a comparatively lower 17.04% annualized return.
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%
EC
- 1D
- -1.99%
- 1M
- 17.33%
- YTD
- 70.23%
- 6M
- 83.41%
- 1Y
- 83.58%
- 3Y*
- 40.10%
- 5Y*
- 21.63%
- 10Y*
- 17.04%
FRO vs. EC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 105.17% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
EC Ecopetrol S.A. | 70.23% | 58.65% | -24.25% | 41.83% | -5.04% | 0.57% | -29.31% | 38.58% | 11.95% | 64.34% |
Correlation
The correlation between FRO and EC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2008 | 0.31 |
The correlation between FRO and EC shifts across timeframes, from 0.12 (1 year) to 0.32 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
FRO:
$9.26B
EC:
$33.41B
FRO:
$4.06
EC:
COP 4.26K
FRO:
10.23
EC:
13.14
FRO:
4.11
EC:
0.99
FRO:
3.26
EC:
1.44
FRO:
$2.25B
EC:
COP 116.38T
FRO:
$933.72M
EC:
COP 37.91T
FRO:
$1.21B
EC:
COP 42.24T
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Return for Risk
FRO vs. EC — Risk / Return Rank
FRO
EC
FRO vs. EC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontline Ltd. (FRO) and Ecopetrol S.A. (EC). 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 | EC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 6.65 | 6.37 | +0.29 |
| Martin ratioReturn relative to average drawdown | 18.91 | 14.74 | +4.17 |
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Drawdowns
FRO vs. EC - Drawdown Comparison
The maximum FRO drawdown since its inception was -98.36%, which is greater than EC's maximum drawdown of -90.16%. Use the drawdown chart below to compare losses from any high point for FRO and EC.
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Drawdown Indicators
| FRO | EC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -90.16% | -8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -21.41% | -13.20% | -8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -52.04% | -38.00% | -14.04% |
Max Drawdown (5Y)Largest decline over 5 years | -52.04% | -48.60% | -3.44% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -73.36% | +21.32% |
Current DrawdownCurrent decline from peak | -68.05% | -17.68% | -50.37% |
Average DrawdownAverage peak-to-trough decline | -67.84% | -51.13% | -16.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.60% | 5.75% | +1.85% |
Volatility
FRO vs. EC - Volatility Comparison
The current volatility for Frontline Ltd. (FRO) is 13.58%, while Ecopetrol S.A. (EC) has a volatility of 16.55%. This indicates that FRO experiences smaller price fluctuations and is considered to be less risky than EC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRO | EC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 16.55% | -2.97% |
Volatility (6M)Calculated over the trailing 6-month period | 32.28% | 31.56% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.18% | 38.23% | +3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.54% | 37.86% | +11.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.13% | 40.87% | +10.26% |
Dividends
FRO vs. EC - Dividend Comparison
FRO's dividend yield for the trailing twelve months is around 7.53%, more than EC's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EC Ecopetrol S.A. | 7.27% | 20.77% | 20.47% | 22.02% | 22.47% | 0.72% | 6.92% | 9.87% | 4.01% | 1.06% | 0.00% | 14.83% |
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
FRO vs. EC - Financials Comparison
This section allows you to compare key financial metrics between Frontline Ltd. and Ecopetrol S.A.. 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. EC - Profitability Comparison
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%.
EC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ecopetrol S.A. reported a gross profit of 11.03T and revenue of 28.41T. Therefore, the gross margin over that period was 38.8%.
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%.
EC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ecopetrol S.A. reported an operating income of 8.50T and revenue of 28.41T, resulting in an operating margin of 29.9%.
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%.
EC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ecopetrol S.A. reported a net income of 2.87T and revenue of 28.41T, resulting in a net margin of 10.1%.
Frequently Asked Questions
FRO and EC have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EC has higher volatility (16.55%) compared to FRO (13.58%). In terms of maximum drawdown, FRO dropped -98.36% vs EC's -90.16%.
FRO currently has the higher Sharpe Ratio (3.38 vs 2.20), 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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