HAFN vs. TRMD
HAFN (Hafnia Limited) and TRMD (TORM plc) are both stocks. HAFN operates in Marine Shipping (Industrials), while TRMD operates in Oil & Gas Midstream (Energy). Over the past year, HAFN returned 55.46% vs 75.87% for TRMD. A 0.76 correlation means they provide meaningful diversification when combined.
Performance
HAFN vs. TRMD - Performance Comparison
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Returns By Period
In the year-to-date period, HAFN achieves a 52.02% return, which is significantly lower than TRMD's 56.31% return.
HAFN
- 1D
- 0.40%
- 1M
- -7.35%
- YTD
- 52.02%
- 6M
- 52.31%
- 1Y
- 55.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRMD
- 1D
- -3.73%
- 1M
- -4.70%
- YTD
- 56.31%
- 6M
- 57.84%
- 1Y
- 75.87%
- 3Y*
- 23.87%
- 5Y*
- 45.03%
- 10Y*
- —
HAFN vs. TRMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
HAFN Hafnia Limited | 52.02% | 2.71% | -14.02% |
TRMD TORM plc | 56.31% | 11.21% | -33.53% |
Correlation
The correlation between HAFN and TRMD is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.76 |
The correlation between HAFN and TRMD has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
Fundamentals
HAFN:
$3.85B
TRMD:
$3.01B
HAFN:
$0.90
TRMD:
$3.40
HAFN:
8.42
TRMD:
8.56
HAFN:
0.18
TRMD:
0.09
HAFN:
1.60
TRMD:
2.09
HAFN:
1.52
TRMD:
1.32
HAFN:
$2.41B
TRMD:
$1.41B
HAFN:
$496.74M
TRMD:
$575.03M
HAFN:
$679.63M
TRMD:
$639.99M
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Return for Risk
HAFN vs. TRMD — Risk / Return Rank
HAFN
TRMD
HAFN vs. TRMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hafnia Limited (HAFN) and TORM plc (TRMD). 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.
| HAFN | TRMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 3.80 | -1.22 |
| Martin ratioReturn relative to average drawdown | 6.64 | 9.56 | -2.93 |
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Drawdowns
HAFN vs. TRMD - Drawdown Comparison
The maximum HAFN drawdown since its inception was -53.75%, smaller than the maximum TRMD drawdown of -60.59%. Use the drawdown chart below to compare losses from any high point for HAFN and TRMD.
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Drawdown Indicators
| HAFN | TRMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.75% | -60.59% | +6.84% |
Max Drawdown (1Y)Largest decline over 1 year | -21.63% | -20.06% | -1.57% |
Max Drawdown (3Y)Largest decline over 3 years | — | -60.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -60.59% | — |
Current DrawdownCurrent decline from peak | -16.36% | -14.49% | -1.87% |
Average DrawdownAverage peak-to-trough decline | -21.13% | -22.52% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.46% | 8.03% | +0.43% |
Volatility
HAFN vs. TRMD - Volatility Comparison
Hafnia Limited (HAFN) and TORM plc (TRMD) have volatilities of 11.99% and 11.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HAFN | TRMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 11.76% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 25.97% | 28.53% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.92% | 38.04% | -3.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.27% | 46.09% | -7.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.27% | 59.76% | -21.49% |
Dividends
HAFN vs. TRMD - Dividend Comparison
HAFN's dividend yield for the trailing twelve months is around 9.61%, more than TRMD's 8.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
HAFN Hafnia Limited | 9.61% | 7.48% | 20.25% | 0.00% | 0.00% | 0.00% | 0.00% |
TRMD TORM plc | 8.30% | 10.32% | 30.13% | 23.05% | 6.99% | 0.00% | 14.89% |
Financials
HAFN vs. TRMD - Financials Comparison
This section allows you to compare key financial metrics between Hafnia Limited and TORM plc. 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. TRMD - 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%.
TRMD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TORM plc reported a gross profit of 157.74M and revenue of 395.84M. Therefore, the gross margin over that period was 39.9%.
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%.
TRMD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TORM plc reported an operating income of 135.10M and revenue of 395.84M, resulting in an operating margin of 34.1%.
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%.
TRMD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TORM plc reported a net income of 120.52M and revenue of 395.84M, resulting in a net margin of 30.5%.
Frequently Asked Questions
HAFN and TRMD have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HAFN has higher volatility (11.99%) compared to TRMD (11.76%). In terms of maximum drawdown, HAFN dropped -53.75% vs TRMD's -60.59%.
TRMD currently has the higher Sharpe Ratio (2.02 vs 1.60), 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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