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NMM vs. CMRE
Performance
Return for Risk
Drawdowns
Volatility
Dividends
Financials

Performance

NMM vs. CMRE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Navios Maritime Partners L.P. (NMM) and Costamare Inc. (CMRE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, NMM achieves a 54.95% return, which is significantly higher than CMRE's 0.20% return. Over the past 10 years, NMM has outperformed CMRE with an annualized return of 16.04%, while CMRE has yielded a comparatively lower 14.42% annualized return.


NMM

1D
0.43%
1M
11.92%
6M
36.29%
YTD
54.95%
1Y
95.25%
3Y*
51.27%
5Y*
30.39%
10Y*
16.04%
ALL TIME*
-0.61%

CMRE

1D
-0.71%
1M
9.40%
6M
-9.38%
YTD
0.20%
1Y
55.47%
3Y*
27.03%
5Y*
19.21%
10Y*
14.42%
ALL TIME*
10.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
$5.42M$5.74M$7.26M
$10.22M$8.60M$9.12M

NMM vs. CMRE - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
NMM
Navios Maritime Partners L.P.
54.95%21.68%55.59%8.61%4.18%125.91%-34.68%57.42%-62.79%67.38%
CMRE
Costamare Inc.
0.20%73.07%28.07%17.60%-21.93%59.04%-7.26%132.86%-19.11%9.57%

Correlation

The correlation between NMM and CMRE is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.


Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.62

Correlation (3Y)
Balances recent behavior with more history.

0.60

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.63

Correlation (10Y)
Provides a long-term view across more market conditions.

0.51

Correlation (All Time)
Calculated using the full available price history since Nov 4, 2010

0.47

The correlation between NMM and CMRE shifts across timeframes, from 0.47 (all time) to 0.63 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap

NMM:

$2.31B

CMRE:

$1.87B

EPS

NMM:

$11.89

CMRE:

$2.81

PE Ratio

NMM:

6.82

CMRE:

5.50

PS Ratio

NMM:

1.70

CMRE:

2.22

PB Ratio

NMM:

0.69

CMRE:

0.84

Total Revenue (TTM)

NMM:

$1.40B

CMRE:

$839.45M

Gross Profit (TTM)

NMM:

$919.38M

CMRE:

$481.90M

EBITDA (TTM)

NMM:

$708.29M

CMRE:

$541.47M

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Return for Risk

NMM vs. CMRE — Risk / Return Rank

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

NMM
NMM Risk / Return Rank: 9696
Overall Rank
NMM Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
NMM Sortino Ratio Rank: 9696
Sortino Ratio Rank
NMM Omega Ratio Rank: 9494
Omega Ratio Rank
NMM Calmar Ratio Rank: 9595
Calmar Ratio Rank
NMM Martin Ratio Rank: 9797
Martin Ratio Rank

CMRE
CMRE Risk / Return Rank: 8585
Overall Rank
CMRE Sharpe Ratio Rank: 8989
Sharpe Ratio Rank
CMRE Sortino Ratio Rank: 8585
Sortino Ratio Rank
CMRE Omega Ratio Rank: 8181
Omega Ratio Rank
CMRE Calmar Ratio Rank: 8484
Calmar Ratio Rank
CMRE Martin Ratio Rank: 8585
Martin Ratio Rank
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.

NMM vs. CMRE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Navios Maritime Partners L.P. (NMM) and Costamare Inc. (CMRE). 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.


NMMCMREDifference
Sharpe ratioReturn per unit of total volatility

+1.19

Sortino ratioReturn per unit of downside risk

+1.39

Omega ratioGain probability vs. loss probability

1.44

1.27

+0.16

Calmar ratioReturn relative to maximum drawdown

5.12

2.60

+2.52

Martin ratioReturn relative to average drawdown

17.89

7.33

+10.56

NMM vs. CMRE - Sharpe Ratio Comparison

The current NMM Sharpe Ratio is 2.96, which is higher than the CMRE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of NMM and CMRE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Drawdowns

NMM vs. CMRE - Drawdown Comparison

The maximum NMM drawdown since its inception was -98.13%, which is greater than CMRE's maximum drawdown of -78.24%. Use the drawdown chart below to compare losses from any high point for NMM and CMRE.


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Drawdown Indicators


NMMCMREDifference

Max Drawdown

Largest peak-to-trough decline

-98.13%

-78.24%

-19.89%

Max Drawdown (1Y)

Largest decline over 1 year

-18.69%

-21.43%

+2.74%

Max Drawdown (3Y)

Largest decline over 3 years

-53.75%

-50.07%

-3.68%

Max Drawdown (5Y)

Largest decline over 5 years

-53.75%

-52.88%

-0.87%

Max Drawdown (10Y)

Largest decline over 10 years

-87.93%

-66.54%

-21.39%

Current Drawdown

Current decline from peak

-60.04%

-12.32%

-47.72%

Average Drawdown

Average peak-to-trough decline

-58.86%

-33.30%

-25.56%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.34%

7.59%

-2.25%

Volatility

NMM vs. CMRE - Volatility Comparison

Navios Maritime Partners L.P. (NMM) has a higher volatility of 9.78% compared to Costamare Inc. (CMRE) at 8.08%. This indicates that NMM's price experiences larger fluctuations and is considered to be riskier than CMRE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


NMMCMREDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.78%

8.08%

+1.70%

Volatility (6M)

Calculated over the trailing 6-month period

26.58%

23.99%

+2.59%

Volatility (1Y)

Calculated over the trailing 1-year period

32.45%

31.57%

+0.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

41.15%

38.12%

+3.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

54.41%

43.51%

+10.90%

Dividends

NMM vs. CMRE - Dividend Comparison

NMM's dividend yield for the trailing twelve months is around 0.26%, less than CMRE's 3.04% yield.


PositionTTM20252024202320222021202020192018201720162015
CMRE
Costamare Inc.
3.04%2.54%3.58%4.42%9.11%3.40%4.83%4.20%9.11%6.93%17.32%11.04%
NMM
Navios Maritime Partners L.P.
0.26%0.38%0.46%0.72%0.77%0.80%6.25%6.44%7.06%0.00%0.00%50.99%

Financials

NMM vs. CMRE - Financials Comparison

This section allows you to compare key financial metrics between Navios Maritime Partners L.P. and Costamare 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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items

NMM vs. CMRE - Profitability Comparison

The chart below illustrates the profitability comparison between Navios Maritime Partners L.P. and Costamare Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

NMM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Navios Maritime Partners L.P. reported a gross profit of 244.43M and revenue of 357.01M. Therefore, the gross margin over that period was 68.5%.

CMRE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Costamare Inc. reported a gross profit of 102.68M and revenue of 200.75M. Therefore, the gross margin over that period was 51.2%.

NMM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Navios Maritime Partners L.P. reported an operating income of 125.60M and revenue of 357.01M, resulting in an operating margin of 35.2%.

CMRE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Costamare Inc. reported an operating income of 89.97M and revenue of 200.75M, resulting in an operating margin of 44.8%.

NMM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Navios Maritime Partners L.P. reported a net income of 106.34M and revenue of 357.01M, resulting in a net margin of 29.8%.

CMRE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Costamare Inc. reported a net income of 82.65M and revenue of 200.75M, resulting in a net margin of 41.2%.


Frequently Asked Questions


NMM and CMRE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

NMM has higher volatility (9.78%) compared to CMRE (8.08%). In terms of maximum drawdown, NMM dropped -98.13% vs CMRE's -78.24%.

NMM currently has the higher Sharpe Ratio (2.96 vs 1.77), 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.

Portfolio Optimizer

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