NAT vs. AWK

Last updated Aug 1, 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 2.32%/yr vs 7.12%/yr for AWK. Their 0.11 correlation means their historical movements had little consistent relationship.

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 104.18% return, which is significantly higher than AWK's 4.25% return. Over the past 10 years, NAT has underperformed AWK with an annualized return of 2.32%, while AWK has yielded a comparatively higher 7.12% annualized return.

NAT

• 1D: -1.95%
• 1M: 12.39%
• 6M: 68.84%
• YTD: 104.18%
• 1Y: 172.95%
• 3Y*: 28.45%
• 5Y*: 32.03%
• 10Y*: 2.32%
• ALL TIME*: 7.30%

AWK

• 1D: -1.93%
• 1M: -1.97%
• 6M: 5.36%
• YTD: 4.25%
• 1Y: -5.50%
• 3Y*: -0.08%
• 5Y*: -2.62%
• 10Y*: 7.12%
• ALL TIME*: 13.51%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AWK American Water Works Company, Inc.	$350.60M	$305.70M	$284.77M
NAT Nordic American Tankers Limited	$23.13M	$20.86M	$22.82M

NAT vs. AWK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NAT Nordic American Tankers Limited	104.18%	54.57%	-33.63%	55.83%	87.90%	-41.48%	-32.82%	156.48%	-13.56%	-68.39%
AWK American Water Works Company, Inc.	4.25%	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 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (3Y) Balances recent behavior with more history.	-0.01
Correlation (5Y) Shows whether the relationship held over a longer period.	0.01
Correlation (10Y) Provides a long-term view across more market conditions.	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 -0.01 (3 years) to 0.11 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NAT : $1.38B AWK : $26.66B
EPS NAT : $0.26 AWK : $5.78
PE Ratio NAT : 25.46 AWK : 23.22
PS Ratio NAT : 4.14 AWK : 4.96
PB Ratio NAT : 3.03 AWK : 2.25
Total Revenue (TTM) NAT : $334.09M AWK : $5.28B
Gross Profit (TTM) NAT : $97.31M AWK : $2.35B
EBITDA (TTM) NAT : $132.71M AWK : $2.53B

Return for Risk

NAT vs. AWK — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

NAT

NAT Risk / Return Rank: 98
NAT Sharpe Ratio Rank: 99
NAT Sortino Ratio Rank: 98
NAT Omega Ratio Rank: 97
NAT Calmar Ratio Rank: 98
NAT Martin Ratio Rank: 99

AWK

AWK Risk / Return Rank: 38
AWK Sharpe Ratio Rank: 41
AWK Sortino Ratio Rank: 34
AWK Omega Ratio Rank: 34
AWK Calmar Ratio Rank: 41
AWK Martin Ratio Rank: 40

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	4.39	-0.08	+4.47
Sortino ratio: Return per unit of downside risk	4.79	0.05	+4.75
Omega ratio: Gain probability vs. loss probability	1.58	1.01	+0.57
Calmar ratio: Return relative to maximum drawdown	9.22	-0.12	+9.34
Martin ratio: Return relative to average drawdown	27.48	-0.20	+27.68

NAT vs. AWK - Sharpe Ratio Comparison

The current NAT Sharpe Ratio is 4.39, which is higher than the AWK Sharpe Ratio of -0.08. 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%	-18.99%	-27.32%
Max Drawdown (5Y) Largest decline over 5 years	-50.77%	-37.10%	-13.67%
Max Drawdown (10Y) Largest decline over 10 years	-83.75%	-37.10%	-46.65%
Current Drawdown Current decline from peak	-27.96%	-21.67%	-6.29%
Average Drawdown Average peak-to-trough decline	-43.94%	-9.61%	-34.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.18%	8.86%	-2.68%

Volatility

NAT vs. AWK - Volatility Comparison

Nordic American Tankers Limited (NAT) has a higher volatility of 11.11% compared to American Water Works Company, Inc. (AWK) at 8.37%. 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	11.11%	8.37%	+2.74%
Volatility (6M) Calculated over the trailing 6-month period	31.15%	16.93%	+14.22%
Volatility (1Y) Calculated over the trailing 1-year period	38.71%	22.74%	+15.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.34%	23.04%	+28.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.16%	23.83%	+34.33%

Dividends

NAT vs. AWK - Dividend Comparison

NAT's dividend yield for the trailing twelve months is around 9.49%, more than AWK's 2.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AWK American Water Works Company, Inc.	2.52%	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	9.49%	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 Aug 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 Aug 2026, American Water Works Company, Inc. reported a gross profit of 874.00M and revenue of 1.36B. Therefore, the gross margin over that period was 64.5%.

NAT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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 Aug 2026, American Water Works Company, Inc. reported an operating income of 542.00M and revenue of 1.36B, resulting in an operating margin of 40.0%.

NAT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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 Aug 2026, American Water Works Company, Inc. reported a net income of 315.00M and revenue of 1.36B, resulting in a net margin of 23.3%.

Frequently Asked Questions

Can I hold both NAT and AWK in my portfolio?

NAT and AWK have a correlation of 0.01, 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 (11.11%) compared to AWK (8.37%). 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 (4.39 vs -0.08), 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.