HAFN vs. ET
HAFN (Hafnia Limited) and ET (Energy Transfer LP) are both stocks. HAFN operates in Marine Shipping (Industrials), while ET operates in Oil & Gas Midstream (Energy). Over the past year, HAFN returned 65.87% vs 17.66% for ET. At a 0.21 correlation, their price movements are largely independent.
Performance
HAFN vs. ET - 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 ET's 22.86% return.
HAFN
- 1D
- -0.77%
- 1M
- -14.21%
- YTD
- 48.52%
- 6M
- 36.21%
- 1Y
- 65.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ET
- 1D
- 0.05%
- 1M
- -0.96%
- YTD
- 22.86%
- 6M
- 21.25%
- 1Y
- 17.66%
- 3Y*
- 24.39%
- 5Y*
- 21.90%
- 10Y*
- 12.65%
HAFN vs. ET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HAFN Hafnia Limited | 48.52% | 2.71% | -12.52% |
ET Energy Transfer LP | 22.86% | -9.37% | 32.11% |
Correlation
The correlation between HAFN and ET is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2024 | 0.21 |
Fundamentals
HAFN:
$3.91B
ET:
$67.59B
HAFN:
$0.90
ET:
$1.36
HAFN:
8.54
ET:
14.36
HAFN:
1.62
ET:
0.78
HAFN:
1.54
ET:
1.36
HAFN:
$2.41B
ET:
$89.38B
HAFN:
$496.74M
ET:
$20.48B
HAFN:
$679.63M
ET:
$13.02B
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Return for Risk
HAFN vs. ET — Risk / Return Rank
HAFN
ET
HAFN vs. ET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hafnia Limited (HAFN) and Energy Transfer LP (ET). 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 | ET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.19 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.77 | +1.69 |
| Martin ratioReturn relative to average drawdown | 8.70 | 3.90 | +4.81 |
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 | ET | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.91 | 1.09 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.36 | +0.02 |
Drawdowns
HAFN vs. ET - Drawdown Comparison
The maximum HAFN drawdown since its inception was -53.75%, smaller than the maximum ET drawdown of -87.81%. Use the drawdown chart below to compare losses from any high point for HAFN and ET.
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Drawdown Indicators
| HAFN | ET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.75% | -87.81% | +34.06% |
Max Drawdown (1Y)Largest decline over 1 year | -19.13% | -10.02% | -9.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.82% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.82% | — |
Current DrawdownCurrent decline from peak | -18.29% | -4.12% | -14.17% |
Average DrawdownAverage peak-to-trough decline | -21.20% | -25.75% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 4.55% | +3.04% |
Volatility
HAFN vs. ET - Volatility Comparison
Hafnia Limited (HAFN) has a higher volatility of 11.74% compared to Energy Transfer LP (ET) at 5.97%. This indicates that HAFN's price experiences larger fluctuations and is considered to be riskier than ET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAFN | ET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.74% | 5.97% | +5.77% |
Volatility (6M)Calculated over the trailing 6-month period | 24.56% | 11.89% | +12.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.77% | 16.42% | +18.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.18% | 24.90% | +13.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.18% | 35.04% | +3.14% |
Dividends
HAFN vs. ET - Dividend Comparison
HAFN's dividend yield for the trailing twelve months is around 5.75%, less than ET's 6.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ET Energy Transfer LP | 6.83% | 7.97% | 6.51% | 8.95% | 7.33% | 7.41% | 17.27% | 9.51% | 9.24% | 6.66% | 5.90% | 7.42% |
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. ET - Financials Comparison
This section allows you to compare key financial metrics between Hafnia Limited and Energy Transfer LP. 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. ET - 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%.
ET - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a gross profit of 6.62B and revenue of 27.77B. Therefore, the gross margin over that period was 23.9%.
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%.
ET - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported an operating income of 2.98B and revenue of 27.77B, resulting in an operating margin of 10.7%.
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%.
ET - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Energy Transfer LP reported a net income of 1.25B and revenue of 27.77B, resulting in a net margin of 4.5%.
Frequently Asked Questions
HAFN and ET have a correlation of 0.19, 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 ET (5.97%). In terms of maximum drawdown, HAFN dropped -53.75% vs ET's -87.81%.
HAFN currently has the higher Sharpe Ratio (1.91 vs 1.09), 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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