NAT vs. GASS
NAT (Nordic American Tankers Limited) and GASS (StealthGas Inc.) 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 11.94%/yr for GASS. At a 0.24 correlation, their price movements are largely independent.
Performance
NAT vs. GASS - 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 GASS's 20.37% return. Over the past 10 years, NAT has underperformed GASS with an annualized return of -0.19%, while GASS has yielded a comparatively higher 11.94% 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%
GASS
- 1D
- 1.93%
- 1M
- -14.82%
- YTD
- 20.37%
- 6M
- 25.19%
- 1Y
- 28.22%
- 3Y*
- 30.07%
- 5Y*
- 34.14%
- 10Y*
- 11.94%
NAT vs. GASS - 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% |
GASS StealthGas Inc. | 20.37% | 24.25% | -12.54% | 141.04% | 27.01% | 34.27% | -31.49% | 24.28% | -36.70% | 28.99% |
Correlation
The correlation between NAT and GASS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
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 6, 2005 | 0.24 |
The correlation between NAT and GASS shifts across timeframes, from 0.24 (all time) to 0.39 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
NAT:
$1.31B
GASS:
$308.07M
NAT:
$0.26
GASS:
$1.73
NAT:
24.21
GASS:
4.89
NAT:
0.30
GASS:
0.07
NAT:
3.94
GASS:
1.75
NAT:
2.88
GASS:
0.44
NAT:
$334.09M
GASS:
$173.98M
NAT:
$97.31M
GASS:
$66.19M
NAT:
$132.71M
GASS:
$81.20M
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Return for Risk
NAT vs. GASS — Risk / Return Rank
NAT
GASS
NAT vs. GASS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nordic American Tankers Limited (NAT) and StealthGas Inc. (GASS). 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 | GASS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.46 | ||
| Sortino ratioReturn per unit of downside risk | +3.40 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.16 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 8.70 | 1.37 | +7.34 |
| Martin ratioReturn relative to average drawdown | 27.39 | 2.88 | +24.51 |
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Drawdowns
NAT vs. GASS - Drawdown Comparison
The maximum NAT drawdown since its inception was -90.20%, roughly equal to the maximum GASS drawdown of -89.82%. Use the drawdown chart below to compare losses from any high point for NAT and GASS.
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Drawdown Indicators
| NAT | GASS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -89.82% | -0.38% |
Max Drawdown (1Y)Largest decline over 1 year | -18.45% | -20.76% | +2.31% |
Max Drawdown (3Y)Largest decline over 3 years | -46.31% | -44.34% | -1.97% |
Max Drawdown (5Y)Largest decline over 5 years | -58.72% | -44.34% | -14.38% |
Max Drawdown (10Y)Largest decline over 10 years | -85.97% | -63.11% | -22.86% |
Current DrawdownCurrent decline from peak | -31.49% | -25.65% | -5.84% |
Average DrawdownAverage peak-to-trough decline | -43.99% | -57.85% | +13.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.85% | 9.82% | -3.97% |
Volatility
NAT vs. GASS - Volatility Comparison
Nordic American Tankers Limited (NAT) and StealthGas Inc. (GASS) have volatilities of 13.08% and 12.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NAT | GASS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 12.46% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 29.44% | 26.36% | +3.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.15% | 32.57% | +4.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.28% | 49.51% | +1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.12% | 47.53% | +10.59% |
Dividends
NAT vs. GASS - Dividend Comparison
NAT's dividend yield for the trailing twelve months is around 9.98%, while GASS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GASS StealthGas Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 44.43% | 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. GASS - Financials Comparison
This section allows you to compare key financial metrics between Nordic American Tankers Limited and StealthGas 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
NAT vs. GASS - 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%.
GASS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, StealthGas Inc. reported a gross profit of 14.69M and revenue of 42.84M. Therefore, the gross margin over that period was 34.3%.
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%.
GASS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, StealthGas Inc. reported an operating income of 11.63M and revenue of 42.84M, resulting in an operating margin of 27.1%.
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%.
GASS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, StealthGas Inc. reported a net income of 15.93M and revenue of 42.84M, resulting in a net margin of 37.2%.
Frequently Asked Questions
NAT and GASS have a correlation of 0.37, 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 GASS (12.46%). In terms of maximum drawdown, NAT dropped -90.20% vs GASS's -89.82%.
NAT currently has the higher Sharpe Ratio (4.33 vs 0.87), 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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