NMM vs. CMRE
NMM (Navios Maritime Partners L.P.) and CMRE (Costamare Inc.) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, NMM returned 16.04%/yr vs 14.42%/yr for CMRE. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
NMM vs. CMRE - Performance Comparison
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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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
CMRE Costamare Inc. | $5.42M | $5.74M | $7.26M |
| $10.22M | $8.60M | $9.12M |
NMM vs. CMRE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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
NMM:
$2.31B
CMRE:
$1.87B
NMM:
$11.89
CMRE:
$2.81
NMM:
6.82
CMRE:
5.50
NMM:
1.70
CMRE:
2.22
NMM:
0.69
CMRE:
0.84
NMM:
$1.40B
CMRE:
$839.45M
NMM:
$919.38M
CMRE:
$481.90M
NMM:
$708.29M
CMRE:
$541.47M
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Return for Risk
NMM vs. CMRE — Risk / Return Rank
NMM
CMRE
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.
| NMM | CMRE | Difference | |
|---|---|---|---|
| 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 |
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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
| NMM | CMRE | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -60.04% | -12.32% | -47.72% |
Average DrawdownAverage peak-to-trough decline | -58.86% | -33.30% | -25.56% |
Ulcer IndexDepth 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
| NMM | CMRE | Difference | |
|---|---|---|---|
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.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
Total Revenue: Total amount of money received from sales and other business activities
NMM vs. CMRE - Profitability Comparison
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.
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