KNOP vs. RAIL
KNOP (KNOT Offshore Partners LP) and RAIL (FreightCar America, Inc.) are both stocks. Both are in the Industrials sector — KNOP in Marine Shipping, RAIL in Railroads. Over the past 10 years, KNOP returned 2.36%/yr vs -3.62%/yr for RAIL. At a 0.16 correlation, their price movements are largely independent.
Performance
KNOP vs. RAIL - Performance Comparison
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Returns By Period
In the year-to-date period, KNOP achieves a 0.92% return, which is significantly higher than RAIL's -16.35% return. Over the past 10 years, KNOP has outperformed RAIL with an annualized return of 2.36%, while RAIL has yielded a comparatively lower -3.62% annualized return.
KNOP
- 1D
- -0.19%
- 1M
- -9.51%
- YTD
- 0.92%
- 6M
- 0.53%
- 1Y
- 57.40%
- 3Y*
- 28.27%
- 5Y*
- -8.06%
- 10Y*
- 2.36%
RAIL
- 1D
- 0.65%
- 1M
- 17.66%
- YTD
- -16.35%
- 6M
- -14.65%
- 1Y
- 9.07%
- 3Y*
- 50.80%
- 5Y*
- 5.16%
- 10Y*
- -3.62%
KNOP vs. RAIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KNOP KNOT Offshore Partners LP | 0.92% | 92.80% | -3.71% | -39.03% | -18.18% | -0.92% | -12.78% | 22.90% | -4.60% | -3.78% |
RAIL FreightCar America, Inc. | -16.35% | 23.55% | 231.85% | -15.63% | -13.28% | 53.11% | 16.43% | -69.06% | -60.83% | 16.26% |
Correlation
The correlation between KNOP and RAIL is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | 0.16 |
The correlation between KNOP and RAIL shifts across timeframes, from 0.04 (3 years) to 0.16 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
KNOP:
$351.67M
RAIL:
$328.95M
KNOP:
$0.54
RAIL:
$0.88
KNOP:
19.27
RAIL:
10.48
KNOP:
0.60
RAIL:
0.13
KNOP:
0.95
RAIL:
0.65
KNOP:
$372.42M
RAIL:
$469.01M
KNOP:
$104.27M
RAIL:
$69.61M
KNOP:
$227.94M
RAIL:
-$1.50M
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Return for Risk
KNOP vs. RAIL — Risk / Return Rank
KNOP
RAIL
KNOP vs. RAIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KNOT Offshore Partners LP (KNOP) and FreightCar America, Inc. (RAIL). 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.
| KNOP | RAIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.08 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | 0.18 | +3.31 |
| Martin ratioReturn relative to average drawdown | 11.20 | 0.31 | +10.89 |
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Drawdowns
KNOP vs. RAIL - Drawdown Comparison
The maximum KNOP drawdown since its inception was -74.53%, smaller than the maximum RAIL drawdown of -98.88%. Use the drawdown chart below to compare losses from any high point for KNOP and RAIL.
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Drawdown Indicators
| KNOP | RAIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.53% | -98.88% | +24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -50.34% | +33.83% |
Max Drawdown (3Y)Largest decline over 3 years | -38.64% | -71.67% | +33.03% |
Max Drawdown (5Y)Largest decline over 5 years | -74.53% | -71.67% | -2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -74.53% | -96.23% | +21.70% |
Current DrawdownCurrent decline from peak | -36.40% | -86.39% | +49.99% |
Average DrawdownAverage peak-to-trough decline | -25.34% | -71.88% | +46.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 29.07% | -23.91% |
Volatility
KNOP vs. RAIL - Volatility Comparison
The current volatility for KNOT Offshore Partners LP (KNOP) is 5.73%, while FreightCar America, Inc. (RAIL) has a volatility of 14.60%. This indicates that KNOP experiences smaller price fluctuations and is considered to be less risky than RAIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNOP | RAIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 14.60% | -8.87% |
Volatility (6M)Calculated over the trailing 6-month period | 23.19% | 47.10% | -23.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.93% | 62.82% | -25.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.62% | 69.21% | -25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.17% | 73.78% | -35.61% |
Dividends
KNOP vs. RAIL - Dividend Comparison
KNOP's dividend yield for the trailing twelve months is around 1.23%, while RAIL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNOP KNOT Offshore Partners LP | 1.23% | 1.00% | 1.91% | 1.81% | 21.60% | 15.57% | 13.81% | 10.50% | 11.60% | 10.02% | 8.81% | 15.05% |
RAIL FreightCar America, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.58% | 2.41% | 1.85% |
Financials
KNOP vs. RAIL - Financials Comparison
This section allows you to compare key financial metrics between KNOT Offshore Partners LP and FreightCar America, 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
KNOP vs. RAIL - Profitability Comparison
KNOP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported a gross profit of 17.20M and revenue of 92.01M. Therefore, the gross margin over that period was 18.7%.
RAIL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a gross profit of 10.81M and revenue of 64.31M. Therefore, the gross margin over that period was 16.8%.
KNOP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported an operating income of 14.70M and revenue of 92.01M, resulting in an operating margin of 16.0%.
RAIL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported an operating income of -594.00K and revenue of 64.31M, resulting in an operating margin of -0.9%.
KNOP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported a net income of 2.63M and revenue of 92.01M, resulting in a net margin of 2.9%.
RAIL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a net income of 41.65M and revenue of 64.31M, resulting in a net margin of 64.8%.
Frequently Asked Questions
KNOP and RAIL have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RAIL has higher volatility (14.60%) compared to KNOP (5.73%). In terms of maximum drawdown, KNOP dropped -74.53% vs RAIL's -98.88%.
KNOP currently has the higher Sharpe Ratio (1.56 vs 0.14), 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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