NMM vs. KEX
NMM (Navios Maritime Partners L.P.) and KEX (Kirby Corporation) are both stocks. Both operate in the Marine Shipping industry within the Industrials sector. Over the past 10 years, NMM returned 16.52%/yr vs 8.50%/yr for KEX. At a 0.34 correlation, their price movements are largely independent.
Performance
NMM vs. KEX - Performance Comparison
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Returns By Period
In the year-to-date period, NMM achieves a 37.24% return, which is significantly higher than KEX's 28.26% return. Over the past 10 years, NMM has outperformed KEX with an annualized return of 16.52%, while KEX has yielded a comparatively lower 8.50% annualized return.
NMM
- 1D
- 2.39%
- 1M
- -3.60%
- YTD
- 37.24%
- 6M
- 41.09%
- 1Y
- 80.19%
- 3Y*
- 51.46%
- 5Y*
- 21.51%
- 10Y*
- 16.52%
KEX
- 1D
- 0.48%
- 1M
- -1.41%
- YTD
- 28.26%
- 6M
- 26.72%
- 1Y
- 25.96%
- 3Y*
- 24.72%
- 5Y*
- 17.53%
- 10Y*
- 8.50%
NMM vs. KEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NMM Navios Maritime Partners L.P. | 37.24% | 21.68% | 55.59% | 8.61% | 4.18% | 125.91% | -34.68% | 57.42% | -62.79% | 67.38% |
KEX Kirby Corporation | 28.26% | 4.14% | 34.81% | 21.96% | 8.30% | 14.64% | -42.11% | 32.91% | 0.84% | 0.45% |
Correlation
The correlation between NMM and KEX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Nov 13, 2007 | 0.34 |
The correlation between NMM and KEX shifts across timeframes, from 0.16 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NMM:
$11.86
KEX:
$6.37
NMM:
6.06
KEX:
22.18
NMM:
1.51
KEX:
2.34
NMM:
$1.40B
KEX:
$3.36B
NMM:
$919.38M
KEX:
$883.42M
NMM:
$708.29M
KEX:
$781.87M
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Return for Risk
NMM vs. KEX — Risk / Return Rank
NMM
KEX
NMM vs. KEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Navios Maritime Partners L.P. (NMM) and Kirby Corporation (KEX). 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 | KEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.20 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 4.31 | 0.77 | +3.54 |
| Martin ratioReturn relative to average drawdown | 15.61 | 1.85 | +13.76 |
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Drawdowns
NMM vs. KEX - Drawdown Comparison
The maximum NMM drawdown since its inception was -98.13%, which is greater than KEX's maximum drawdown of -75.42%. Use the drawdown chart below to compare losses from any high point for NMM and KEX.
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Drawdown Indicators
| NMM | KEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.13% | -75.42% | -22.71% |
Max Drawdown (1Y)Largest decline over 1 year | -18.69% | -33.83% | +15.14% |
Max Drawdown (3Y)Largest decline over 3 years | -53.75% | -38.76% | -14.99% |
Max Drawdown (5Y)Largest decline over 5 years | -53.75% | -38.76% | -14.99% |
Max Drawdown (10Y)Largest decline over 10 years | -87.93% | -63.34% | -24.59% |
Current DrawdownCurrent decline from peak | -64.61% | -7.39% | -57.22% |
Average DrawdownAverage peak-to-trough decline | -58.84% | -28.60% | -30.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 14.07% | -8.85% |
Volatility
NMM vs. KEX - Volatility Comparison
Navios Maritime Partners L.P. (NMM) has a higher volatility of 8.49% compared to Kirby Corporation (KEX) at 5.78%. This indicates that NMM's price experiences larger fluctuations and is considered to be riskier than KEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NMM | KEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 5.78% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 25.72% | 17.44% | +8.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.35% | 35.04% | -2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.89% | 31.91% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.79% | 35.94% | +18.85% |
Dividends
NMM vs. KEX - Dividend Comparison
NMM's dividend yield for the trailing twelve months is around 0.29%, while KEX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KEX Kirby Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NMM Navios Maritime Partners L.P. | 0.29% | 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. KEX - Financials Comparison
This section allows you to compare key financial metrics between Navios Maritime Partners L.P. and Kirby 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
NMM vs. KEX - Profitability Comparison
NMM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
KEX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Kirby Corporation reported a gross profit of 223.49M and revenue of 851.78M. Therefore, the gross margin over that period was 26.2%.
NMM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
KEX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Kirby Corporation reported an operating income of 127.89M and revenue of 851.78M, resulting in an operating margin of 15.0%.
NMM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
KEX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Kirby Corporation reported a net income of 91.81M and revenue of 851.78M, resulting in a net margin of 10.8%.
Frequently Asked Questions
NMM and KEX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NMM has higher volatility (8.49%) compared to KEX (5.78%). In terms of maximum drawdown, NMM dropped -98.13% vs KEX's -75.42%.
NMM currently has the higher Sharpe Ratio (2.50 vs 0.75), 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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