HAFN vs. DHT
HAFN (Hafnia Limited) and DHT (DHT Holdings, Inc.) are both stocks. HAFN operates in Marine Shipping (Industrials), while DHT operates in Oil & Gas Midstream (Energy). Over the past year, HAFN returned 65.87% vs 57.65% for DHT. A 0.66 correlation means they provide meaningful diversification when combined.
Performance
HAFN vs. DHT - Performance Comparison
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Returns By Period
In the year-to-date period, HAFN achieves a 48.52% return, which is significantly higher than DHT's 42.60% return.
HAFN
- 1D
- -0.77%
- 1M
- -14.21%
- YTD
- 48.52%
- 6M
- 36.21%
- 1Y
- 65.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DHT
- 1D
- -0.43%
- 1M
- -8.64%
- YTD
- 42.60%
- 6M
- 34.76%
- 1Y
- 57.65%
- 3Y*
- 38.21%
- 5Y*
- 30.54%
- 10Y*
- 19.90%
HAFN vs. DHT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HAFN Hafnia Limited | 48.52% | 2.71% | -12.52% |
DHT DHT Holdings, Inc. | 42.60% | 40.04% | -12.34% |
Correlation
The correlation between HAFN and DHT is 0.68, 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 | 0.68 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.66 |
The correlation between HAFN and DHT has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
Fundamentals
HAFN:
$3.91B
DHT:
$2.64B
HAFN:
$0.90
DHT:
$2.06
HAFN:
8.54
DHT:
7.96
HAFN:
0.18
DHT:
0.27
HAFN:
1.62
DHT:
4.66
HAFN:
1.54
DHT:
2.14
HAFN:
$2.41B
DHT:
$566.07M
HAFN:
$496.74M
DHT:
$268.69M
HAFN:
$679.63M
DHT:
$450.13M
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Return for Risk
HAFN vs. DHT — Risk / Return Rank
HAFN
DHT
HAFN vs. DHT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hafnia Limited (HAFN) and DHT Holdings, Inc. (DHT). 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.
| HAFN | DHT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.28 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.81 | -0.35 |
| Martin ratioReturn relative to average drawdown | 8.70 | 8.15 | +0.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HAFN | DHT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.72 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | -0.05 | +0.43 |
Drawdowns
HAFN vs. DHT - Drawdown Comparison
The maximum HAFN drawdown since its inception was -53.75%, smaller than the maximum DHT drawdown of -97.12%. Use the drawdown chart below to compare losses from any high point for HAFN and DHT.
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Drawdown Indicators
| HAFN | DHT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.75% | -97.12% | +43.37% |
Max Drawdown (1Y)Largest decline over 1 year | -19.13% | -15.22% | -3.91% |
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 | -18.29% | -67.08% | +48.79% |
Average DrawdownAverage peak-to-trough decline | -21.20% | -76.39% | +55.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 7.09% | +0.50% |
Volatility
HAFN vs. DHT - Volatility Comparison
Hafnia Limited (HAFN) has a higher volatility of 11.74% compared to DHT Holdings, Inc. (DHT) at 9.39%. This indicates that HAFN's price experiences larger fluctuations and is considered to be riskier than DHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAFN | DHT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.74% | 9.39% | +2.35% |
Volatility (6M)Calculated over the trailing 6-month period | 24.56% | 26.86% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.77% | 33.65% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.18% | 38.26% | -0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.18% | 41.58% | -3.40% |
Dividends
HAFN vs. DHT - Dividend Comparison
HAFN's dividend yield for the trailing twelve months is around 5.75%, less than DHT's 8.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHT DHT Holdings, Inc. | 8.97% | 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 | 5.75% | 7.48% | 20.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HAFN vs. DHT - Financials Comparison
This section allows you to compare key financial metrics between Hafnia Limited and DHT 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
HAFN vs. DHT - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
HAFN and DHT have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAFN has higher volatility (11.74%) compared to DHT (9.39%). In terms of maximum drawdown, HAFN dropped -53.75% vs DHT's -97.12%.
HAFN currently has the higher Sharpe Ratio (1.91 vs 1.72), 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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