NAT vs. AWK

Last updated Jun 23, 2026

NAT (Nordic American Tankers Limited) and AWK (American Water Works Company, Inc.) are both stocks. NAT operates in Marine Shipping (Industrials), while AWK operates in Utilities - Regulated Water (Utilities). Over the past 10 years, NAT returned -0.19%/yr vs 6.64%/yr for AWK. At a 0.11 correlation, their price movements are largely independent.

Performance

NAT vs. AWK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nordic American Tankers Limited (NAT) and American Water Works Company, Inc. (AWK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NAT achieves a 94.17% return, which is significantly higher than AWK's -2.94% return. Over the past 10 years, NAT has underperformed AWK with an annualized return of -0.19%, while AWK has yielded a comparatively higher 6.64% annualized return.

NAT

• 1D: 6.15%
• 1M: 19.96%
• YTD: 94.17%
• 6M: 95.31%
• 1Y: 159.58%
• 3Y*: 33.66%
• 5Y*: 23.54%
• 10Y*: -0.19%

AWK

• 1D: -0.12%
• 1M: -0.22%
• YTD: -2.94%
• 6M: -3.80%
• 1Y: -9.23%
• 3Y*: -2.72%
• 5Y*: -2.37%
• 10Y*: 6.64%

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

NAT vs. AWK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAT Nordic American Tankers Limited	94.17%	54.57%	-33.63%	55.83%	87.90%	-41.48%	-32.82%	156.48%	-13.56%	-68.39%
AWK American Water Works Company, Inc.	-2.94%	7.40%	-3.53%	-11.68%	-17.89%	24.83%	26.88%	37.79%	1.32%	29.01%

Correlation

The correlation between NAT and AWK is 0.00, 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	0.00
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since Apr 23, 2008	0.11

The correlation between NAT and AWK shifts across timeframes, from -0.00 (3 years) to 0.11 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NAT : $1.31B AWK : $24.36B
EPS NAT : $0.26 AWK : $5.65
PE Ratio NAT : 24.21 AWK : 22.10
PS Ratio NAT : 3.94 AWK : 4.68
PB Ratio NAT : 2.88 AWK : 2.21
Total Revenue (TTM) NAT : $334.09M AWK : $5.21B
Gross Profit (TTM) NAT : $97.31M AWK : $2.27B
EBITDA (TTM) NAT : $132.71M AWK : $2.48B

Return for Risk

NAT vs. AWK — Risk / Return Rank

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

NAT

NAT Risk / Return Rank: 97
NAT Sharpe Ratio Rank: 98
NAT Sortino Ratio Rank: 97
NAT Omega Ratio Rank: 96
NAT Calmar Ratio Rank: 97
NAT Martin Ratio Rank: 98

AWK

AWK Risk / Return Rank: 21
AWK Sharpe Ratio Rank: 23
AWK Sortino Ratio Rank: 20
AWK Omega Ratio Rank: 22
AWK Calmar Ratio Rank: 20
AWK Martin Ratio Rank: 18

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.

NAT vs. AWK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nordic American Tankers Limited (NAT) and American Water Works Company, Inc. (AWK). 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.

	NAT	AWK	Difference
Sharpe ratio: Return per unit of total volatility	4.33	-0.43	+4.76
Sortino ratio: Return per unit of downside risk	4.86	-0.48	+5.33
Omega ratio: Gain probability vs. loss probability	1.58	0.95	+0.63
Calmar ratio: Return relative to maximum drawdown	8.70	-0.60	+9.30
Martin ratio: Return relative to average drawdown	27.39	-1.08	+28.47

NAT vs. AWK - Sharpe Ratio Comparison

The current NAT Sharpe Ratio is 4.33, which is higher than the AWK Sharpe Ratio of -0.43. The chart below compares the historical Sharpe Ratios of NAT and AWK, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NAT vs. AWK - Drawdown Comparison

The maximum NAT drawdown since its inception was -90.20%, which is greater than AWK's maximum drawdown of -37.10%. Use the drawdown chart below to compare losses from any high point for NAT and AWK.

Drawdown Indicators

	NAT	AWK	Difference
Max Drawdown Largest peak-to-trough decline	-90.20%	-37.10%	-53.10%
Max Drawdown (1Y) Largest decline over 1 year	-18.45%	-15.45%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-46.31%	-22.24%	-24.07%
Max Drawdown (5Y) Largest decline over 5 years	-58.72%	-37.10%	-21.62%
Max Drawdown (10Y) Largest decline over 10 years	-85.97%	-37.10%	-48.87%
Current Drawdown Current decline from peak	-31.49%	-27.07%	-4.42%
Average Drawdown Average peak-to-trough decline	-43.99%	-9.53%	-34.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.85%	8.55%	-2.70%

Volatility

NAT vs. AWK - Volatility Comparison

Nordic American Tankers Limited (NAT) has a higher volatility of 13.08% compared to American Water Works Company, Inc. (AWK) at 6.43%. This indicates that NAT's price experiences larger fluctuations and is considered to be riskier than AWK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NAT	AWK	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.08%	6.43%	+6.65%
Volatility (6M) Calculated over the trailing 6-month period	29.44%	15.69%	+13.75%
Volatility (1Y) Calculated over the trailing 1-year period	37.15%	21.79%	+15.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.28%	22.87%	+28.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.12%	23.74%	+34.38%

Dividends

NAT vs. AWK - Dividend Comparison

NAT's dividend yield for the trailing twelve months is around 9.98%, more than AWK's 2.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWK American Water Works Company, Inc.	2.70%	2.49%	2.41%	2.10%	1.68%	1.25%	1.40%	1.59%	1.96%	1.77%	2.02%	2.23%
NAT Nordic American Tankers Limited	9.98%	10.47%	16.00%	11.67%	3.59%	3.55%	15.25%	2.03%	8.00%	21.54%	16.31%	8.88%

Financials

NAT vs. AWK - Profitability Comparison

The chart below illustrates the profitability comparison between Nordic American Tankers Limited and American Water Works Company, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NAT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nordic American Tankers Limited reported a gross profit of 47.64M and revenue of 106.46M. Therefore, the gross margin over that period was 44.8%.

AWK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a gross profit of 714.00M and revenue of 1.21B. Therefore, the gross margin over that period was 59.2%.

NAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nordic American Tankers Limited reported an operating income of 38.36M and revenue of 106.46M, resulting in an operating margin of 36.0%.

AWK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported an operating income of 391.00M and revenue of 1.21B, resulting in an operating margin of 32.4%.

NAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nordic American Tankers Limited reported a net income of 46.29M and revenue of 106.46M, resulting in a net margin of 43.5%.

AWK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, American Water Works Company, Inc. reported a net income of 196.00M and revenue of 1.21B, resulting in a net margin of 16.2%.

Frequently Asked Questions

Can I hold both NAT and AWK in my portfolio?

NAT and AWK have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NAT or AWK?

NAT has higher volatility (13.08%) compared to AWK (6.43%). In terms of maximum drawdown, NAT dropped -90.20% vs AWK's -37.10%.

Which has better risk-adjusted returns?

NAT currently has the higher Sharpe Ratio (4.33 vs -0.43), 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.