HAFN vs. TRMD

Last updated Apr 1, 2026

Compare and contrast key facts about Hafnia Limited (HAFN) and TORM plc (TRMD).

Performance

HAFN vs. TRMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hafnia Limited (HAFN) and TORM plc (TRMD). The values are adjusted to include any dividend payments, if applicable.

HAFN vs. TRMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
HAFN Hafnia Limited	46.02%	2.71%	-12.52%
TRMD TORM plc	46.25%	11.21%	-32.61%

Fundamentals

Market Cap HAFN : $3.83B TRMD : $2.78B
EPS HAFN : $0.67 TRMD : $2.85
PE Ratio HAFN : 11.28 TRMD : 9.78
PEG Ratio HAFN : 0.24 TRMD : 0.10
PS Ratio HAFN : 1.68 TRMD : 2.09
PB Ratio HAFN : 1.64 TRMD : 1.27
Total Revenue (TTM) HAFN : $2.28B TRMD : $1.34B
Gross Profit (TTM) HAFN : $429.85M TRMD : $582.69M
EBITDA (TTM) HAFN : $567.31M TRMD : $580.07M

Returns By Period

The year-to-date returns for both investments are quite close, with HAFN having a 46.02% return and TRMD slightly higher at 46.25%.

HAFN

• 1D: 1.74%
• 1M: 1.21%
• YTD: 46.02%
• 6M: 33.25%
• 1Y: 99.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TRMD

• 1D: 1.90%
• 1M: -4.96%
• YTD: 46.25%
• 6M: 42.74%
• 1Y: 86.19%
• 3Y*: 12.45%
• 5Y*: 41.12%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

HAFN vs. TRMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

HAFN

HAFN Risk / Return Rank: 93
HAFN Sharpe Ratio Rank: 95
HAFN Sortino Ratio Rank: 93
HAFN Omega Ratio Rank: 92
HAFN Calmar Ratio Rank: 94
HAFN Martin Ratio Rank: 93

TRMD

TRMD Risk / Return Rank: 90
TRMD Sharpe Ratio Rank: 92
TRMD Sortino Ratio Rank: 90
TRMD Omega Ratio Rank: 86
TRMD Calmar Ratio Rank: 92
TRMD Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

	HAFN	TRMD	Difference
Sharpe ratio Return per unit of total volatility	2.68	2.20	+0.49
Sortino ratio Return per unit of downside risk	3.24	2.81	+0.43
Omega ratio Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio Return relative to maximum drawdown	5.05	4.20	+0.85
Martin ratio Return relative to average drawdown	13.76	11.02	+2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAFN vs. TRMD - Sharpe Ratio Comparison

The current HAFN Sharpe Ratio is 2.68, which is comparable to the TRMD Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of HAFN and TRMD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HAFN	TRMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.68	2.20	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.48	-0.09

Correlation

The correlation between HAFN and TRMD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

HAFN vs. TRMD - Dividend Comparison

HAFN's dividend yield for the trailing twelve months is around 7.18%, less than TRMD's 7.60% yield.

	TTM	2025	2024	2023	2022	2021	2020
HAFN Hafnia Limited	7.18%	7.48%	20.25%	0.00%	0.00%	0.00%	0.00%
TRMD TORM plc	7.60%	10.32%	30.13%	23.05%	6.99%	0.00%	14.89%

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.

Drawdown Indicators

	HAFN	TRMD	Difference
Max Drawdown Largest peak-to-trough decline	-53.75%	-60.59%	+6.84%
Max Drawdown (1Y) Largest decline over 1 year	-19.04%	-19.49%	+0.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-60.59%	—
Current Drawdown Current decline from peak	-0.98%	-13.44%	+12.46%
Average Drawdown Average peak-to-trough decline	-22.64%	-22.91%	+0.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.99%	7.43%	-0.44%

Volatility

HAFN vs. TRMD - Volatility Comparison

The current volatility for Hafnia Limited (HAFN) is 13.80%, while TORM plc (TRMD) has a volatility of 14.99%. This indicates that HAFN experiences smaller price fluctuations and is considered to be less risky than TRMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAFN	TRMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.80%	14.99%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	24.98%	26.39%	-1.41%
Volatility (1Y) Calculated over the trailing 1-year period	37.36%	39.54%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.53%	45.89%	-7.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.53%	60.26%	-21.73%

Financials

HAFN vs. TRMD - Profitability Comparison

The chart below illustrates the profitability comparison between Hafnia Limited and TORM plc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

HAFN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Hafnia Limited reported a gross profit of 120.48M and revenue of 593.24M. Therefore, the gross margin over that period was 20.3%.

TRMD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, TORM plc reported a gross profit of 134.80M and revenue of 354.98M. Therefore, the gross margin over that period was 38.0%.

HAFN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Hafnia Limited reported an operating income of 93.53M and revenue of 593.24M, resulting in an operating margin of 15.8%.

TRMD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, TORM plc reported an operating income of 98.16M and revenue of 354.98M, resulting in an operating margin of 27.7%.

HAFN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Hafnia Limited reported a net income of 109.71M and revenue of 593.24M, resulting in a net margin of 18.5%.

TRMD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, TORM plc reported a net income of 87.39M and revenue of 354.98M, resulting in a net margin of 24.6%.