FRO vs. TNK
FRO (Frontline Ltd.) and TNK (Teekay Tankers Ltd.) are both stocks. Both operate in the Oil & Gas Midstream industry within the Energy sector. Over the past 10 years, FRO returned 26.70%/yr vs 15.11%/yr for TNK. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
FRO vs. TNK - Performance Comparison
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Returns By Period
In the year-to-date period, FRO achieves a 111.58% return, which is significantly higher than TNK's 51.20% return. Over the past 10 years, FRO has outperformed TNK with an annualized return of 26.70%, while TNK has yielded a comparatively lower 15.11% annualized return.
FRO
- 1D
- 3.13%
- 1M
- 20.55%
- YTD
- 111.58%
- 6M
- 114.63%
- 1Y
- 154.53%
- 3Y*
- 57.97%
- 5Y*
- 48.57%
- 10Y*
- 26.70%
TNK
- 1D
- 2.10%
- 1M
- 4.28%
- YTD
- 51.20%
- 6M
- 50.02%
- 1Y
- 84.36%
- 3Y*
- 33.19%
- 5Y*
- 43.23%
- 10Y*
- 15.11%
FRO vs. TNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 111.58% | 61.17% | -22.48% | 96.23% | 73.67% | 13.67% | -41.47% | 134.59% | 20.48% | -32.17% |
TNK Teekay Tankers Ltd. | 51.20% | 40.21% | -16.58% | 69.15% | 182.66% | -1.00% | -54.07% | 222.87% | -31.94% | -33.72% |
Correlation
The correlation between FRO and TNK is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2007 | 0.57 |
Over the past year, FRO and TNK have become more correlated (0.82) than their long-term average of 0.57, meaning their price movements have been converging.
Fundamentals
FRO:
$9.55B
TNK:
$2.77B
FRO:
$4.06
TNK:
$12.32
FRO:
10.55
TNK:
6.43
FRO:
4.24
TNK:
2.74
FRO:
3.36
TNK:
1.26
FRO:
$2.25B
TNK:
$1.01B
FRO:
$933.72M
TNK:
$351.02M
FRO:
$1.21B
TNK:
$452.68M
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Return for Risk
FRO vs. TNK — Risk / Return Rank
FRO
TNK
FRO vs. TNK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Frontline Ltd. (FRO) and Teekay Tankers Ltd. (TNK). 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 | TNK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.34 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 7.26 | 4.49 | +2.77 |
| Martin ratioReturn relative to average drawdown | 20.95 | 11.66 | +9.29 |
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Drawdowns
FRO vs. TNK - Drawdown Comparison
The maximum FRO drawdown since its inception was -98.36%, which is greater than TNK's maximum drawdown of -90.45%. Use the drawdown chart below to compare losses from any high point for FRO and TNK.
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Drawdown Indicators
| FRO | TNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.36% | -90.45% | -7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -21.41% | -18.88% | -2.53% |
Max Drawdown (3Y)Largest decline over 3 years | -52.04% | -52.43% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -52.04% | -52.43% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -67.94% | +15.90% |
Current DrawdownCurrent decline from peak | -67.05% | -3.03% | -64.02% |
Average DrawdownAverage peak-to-trough decline | -67.84% | -57.59% | -10.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.52% | 7.27% | +0.25% |
Volatility
FRO vs. TNK - Volatility Comparison
Frontline Ltd. (FRO) has a higher volatility of 13.67% compared to Teekay Tankers Ltd. (TNK) at 9.94%. This indicates that FRO's price experiences larger fluctuations and is considered to be riskier than TNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FRO | TNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.67% | 9.94% | +3.73% |
Volatility (6M)Calculated over the trailing 6-month period | 32.04% | 27.66% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.18% | 37.54% | +4.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.56% | 45.46% | +4.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.10% | 53.60% | -2.50% |
Dividends
FRO vs. TNK - Dividend Comparison
FRO's dividend yield for the trailing twelve months is around 7.30%, more than TNK's 2.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FRO Frontline Ltd. | 7.30% | 4.26% | 13.74% | 14.31% | 1.24% | 0.00% | 25.72% | 0.78% | 0.00% | 6.54% | 19.83% | 1.67% |
TNK Teekay Tankers Ltd. | 2.52% | 3.74% | 7.54% | 3.50% | 0.00% | 0.00% | 0.00% | 0.00% | 3.23% | 8.57% | 13.27% | 1.74% |
Financials
FRO vs. TNK - Financials Comparison
This section allows you to compare key financial metrics between Frontline Ltd. and Teekay Tankers 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
FRO vs. TNK - 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%.
TNK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teekay Tankers Ltd. reported a gross profit of 135.40M and revenue of 286.09M. Therefore, the gross margin over that period was 47.3%.
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%.
TNK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teekay Tankers Ltd. reported an operating income of 125.02M and revenue of 286.09M, resulting in an operating margin of 43.7%.
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%.
TNK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teekay Tankers Ltd. reported a net income of 153.55M and revenue of 286.09M, resulting in a net margin of 53.7%.
Frequently Asked Questions
FRO and TNK have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FRO has higher volatility (13.67%) compared to TNK (9.94%). In terms of maximum drawdown, FRO dropped -98.36% vs TNK's -90.45%.
FRO currently has the higher Sharpe Ratio (3.69 vs 2.27), 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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