NAT vs. DAC
NAT (Nordic American Tankers Limited) and DAC (Danaos Corporation) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, NAT returned -0.19%/yr vs 13.39%/yr for DAC. At a 0.28 correlation, their price movements are largely independent.
Performance
NAT vs. DAC - Performance Comparison
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Returns By Period
In the year-to-date period, NAT achieves a 94.17% return, which is significantly higher than DAC's 37.32% return. Over the past 10 years, NAT has underperformed DAC with an annualized return of -0.19%, while DAC has yielded a comparatively higher 13.39% 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%
DAC
- 1D
- 1.14%
- 1M
- -1.97%
- YTD
- 37.32%
- 6M
- 36.90%
- 1Y
- 50.89%
- 3Y*
- 29.12%
- 5Y*
- 16.05%
- 10Y*
- 13.39%
NAT vs. DAC - 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% |
DAC Danaos Corporation | 37.32% | 22.24% | 12.41% | 47.51% | -26.57% | 256.10% | 133.44% | -12.57% | -48.28% | -45.28% |
Correlation
The correlation between NAT and DAC is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2006 | 0.28 |
The correlation between NAT and DAC shifts across timeframes, from 0.28 (all time) to 0.44 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NAT:
$1.31B
DAC:
$2.32B
NAT:
$0.26
DAC:
$28.34
NAT:
24.21
DAC:
4.50
NAT:
3.94
DAC:
2.24
NAT:
2.88
DAC:
0.59
NAT:
$334.09M
DAC:
$1.04B
NAT:
$97.31M
DAC:
$705.76M
NAT:
$132.71M
DAC:
$739.01M
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Return for Risk
NAT vs. DAC — Risk / Return Rank
NAT
DAC
NAT vs. DAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordic American Tankers Limited (NAT) and Danaos Corporation (DAC). 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 | DAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.39 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 8.70 | 4.07 | +4.64 |
| Martin ratioReturn relative to average drawdown | 27.39 | 12.93 | +14.46 |
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Drawdowns
NAT vs. DAC - Drawdown Comparison
The maximum NAT drawdown since its inception was -90.20%, smaller than the maximum DAC drawdown of -99.42%. Use the drawdown chart below to compare losses from any high point for NAT and DAC.
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Drawdown Indicators
| NAT | DAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -99.42% | +9.22% |
Max Drawdown (1Y)Largest decline over 1 year | -18.45% | -12.58% | -5.87% |
Max Drawdown (3Y)Largest decline over 3 years | -46.31% | -28.87% | -17.44% |
Max Drawdown (5Y)Largest decline over 5 years | -58.72% | -50.14% | -8.58% |
Max Drawdown (10Y)Largest decline over 10 years | -85.97% | -95.81% | +9.84% |
Current DrawdownCurrent decline from peak | -31.49% | -67.36% | +35.87% |
Average DrawdownAverage peak-to-trough decline | -43.99% | -80.42% | +36.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 3.95% | +1.90% |
Volatility
NAT vs. DAC - Volatility Comparison
Nordic American Tankers Limited (NAT) has a higher volatility of 13.08% compared to Danaos Corporation (DAC) at 5.41%. This indicates that NAT's price experiences larger fluctuations and is considered to be riskier than DAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAT | DAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 5.41% | +7.67% |
Volatility (6M)Calculated over the trailing 6-month period | 29.44% | 16.71% | +12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.15% | 21.14% | +16.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.28% | 34.26% | +17.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.12% | 65.03% | -6.91% |
Dividends
NAT vs. DAC - Dividend Comparison
NAT's dividend yield for the trailing twelve months is around 9.98%, more than DAC's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAC Danaos Corporation | 2.79% | 3.66% | 4.06% | 4.12% | 5.70% | 2.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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. DAC - Financials Comparison
This section allows you to compare key financial metrics between Nordic American Tankers Limited and Danaos Corporation. 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
NAT vs. DAC - Profitability Comparison
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%.
DAC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported a gross profit of 150.55M and revenue of 253.70M. Therefore, the gross margin over that period was 59.3%.
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%.
DAC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported an operating income of 125.20M and revenue of 253.70M, resulting in an operating margin of 49.4%.
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%.
DAC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Danaos Corporation reported a net income of 140.42M and revenue of 253.70M, resulting in a net margin of 55.4%.
Frequently Asked Questions
NAT and DAC have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NAT has higher volatility (13.08%) compared to DAC (5.41%). In terms of maximum drawdown, NAT dropped -90.20% vs DAC's -99.42%.
NAT currently has the higher Sharpe Ratio (4.33 vs 2.42), 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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