RAIL vs. KNOP
RAIL (FreightCar America, Inc.) and KNOP (KNOT Offshore Partners LP) are both stocks. Both are in the Industrials sector — RAIL in Railroads, KNOP in Marine Shipping. Over the past 10 years, RAIL returned -3.68%/yr vs 2.38%/yr for KNOP. At a 0.16 correlation, their price movements are largely independent.
Performance
RAIL vs. KNOP - Performance Comparison
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Returns By Period
In the year-to-date period, RAIL achieves a -16.89% return, which is significantly lower than KNOP's 1.11% return. Over the past 10 years, RAIL has underperformed KNOP with an annualized return of -3.68%, while KNOP has yielded a comparatively higher 2.38% annualized return.
RAIL
- 1D
- -1.29%
- 1M
- 16.90%
- YTD
- -16.89%
- 6M
- 1.77%
- 1Y
- 7.23%
- 3Y*
- 50.48%
- 5Y*
- 9.74%
- 10Y*
- -3.68%
KNOP
- 1D
- 1.27%
- 1M
- -9.34%
- YTD
- 1.11%
- 6M
- -0.14%
- 1Y
- 58.65%
- 3Y*
- 28.35%
- 5Y*
- -8.08%
- 10Y*
- 2.38%
RAIL vs. KNOP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RAIL FreightCar America, Inc. | -16.89% | 23.55% | 231.85% | -15.63% | -13.28% | 53.11% | 16.43% | -69.06% | -60.83% | 16.26% |
KNOP KNOT Offshore Partners LP | 1.11% | 92.80% | -3.71% | -39.03% | -18.18% | -0.92% | -12.78% | 22.90% | -4.60% | -3.78% |
Correlation
The correlation between RAIL and KNOP is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | 0.16 |
The correlation between RAIL and KNOP shifts across timeframes, from 0.04 (3 years) to 0.16 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
RAIL:
$326.82M
KNOP:
$352.35M
RAIL:
$0.88
KNOP:
$0.54
RAIL:
10.41
KNOP:
19.31
RAIL:
0.13
KNOP:
0.60
RAIL:
0.65
KNOP:
0.95
RAIL:
$469.01M
KNOP:
$372.42M
RAIL:
$69.61M
KNOP:
$104.27M
RAIL:
-$1.50M
KNOP:
$227.94M
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Return for Risk
RAIL vs. KNOP — Risk / Return Rank
RAIL
KNOP
RAIL vs. KNOP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FreightCar America, Inc. (RAIL) and KNOT Offshore Partners LP (KNOP). 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.
| RAIL | KNOP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.57 | -3.43 |
| Martin ratioReturn relative to average drawdown | 0.25 | 11.48 | -11.23 |
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Drawdowns
RAIL vs. KNOP - Drawdown Comparison
The maximum RAIL drawdown since its inception was -98.88%, which is greater than KNOP's maximum drawdown of -74.53%. Use the drawdown chart below to compare losses from any high point for RAIL and KNOP.
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Drawdown Indicators
| RAIL | KNOP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.88% | -74.53% | -24.35% |
Max Drawdown (1Y)Largest decline over 1 year | -50.34% | -16.51% | -33.83% |
Max Drawdown (3Y)Largest decline over 3 years | -71.67% | -38.64% | -33.03% |
Max Drawdown (5Y)Largest decline over 5 years | -71.67% | -74.53% | +2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -96.23% | -74.53% | -21.70% |
Current DrawdownCurrent decline from peak | -86.48% | -36.28% | -50.20% |
Average DrawdownAverage peak-to-trough decline | -71.88% | -25.34% | -46.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.98% | 5.12% | +23.86% |
Volatility
RAIL vs. KNOP - Volatility Comparison
FreightCar America, Inc. (RAIL) has a higher volatility of 14.65% compared to KNOT Offshore Partners LP (KNOP) at 6.00%. This indicates that RAIL's price experiences larger fluctuations and is considered to be riskier than KNOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAIL | KNOP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.65% | 6.00% | +8.65% |
Volatility (6M)Calculated over the trailing 6-month period | 47.09% | 23.28% | +23.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.94% | 37.00% | +25.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.21% | 43.62% | +25.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.80% | 38.17% | +35.63% |
Dividends
RAIL vs. KNOP - Dividend Comparison
RAIL has not paid dividends to shareholders, while KNOP's dividend yield for the trailing twelve months is around 1.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNOP KNOT Offshore Partners LP | 1.23% | 1.00% | 1.91% | 1.81% | 21.60% | 15.57% | 13.81% | 10.50% | 11.60% | 10.02% | 8.81% | 15.05% |
RAIL FreightCar America, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.58% | 2.41% | 1.85% |
Financials
RAIL vs. KNOP - Financials Comparison
This section allows you to compare key financial metrics between FreightCar America, Inc. and KNOT Offshore Partners LP. 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
RAIL vs. KNOP - Profitability Comparison
RAIL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a gross profit of 10.81M and revenue of 64.31M. Therefore, the gross margin over that period was 16.8%.
KNOP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported a gross profit of 17.20M and revenue of 92.01M. Therefore, the gross margin over that period was 18.7%.
RAIL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported an operating income of -594.00K and revenue of 64.31M, resulting in an operating margin of -0.9%.
KNOP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported an operating income of 14.70M and revenue of 92.01M, resulting in an operating margin of 16.0%.
RAIL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, FreightCar America, Inc. reported a net income of 41.65M and revenue of 64.31M, resulting in a net margin of 64.8%.
KNOP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, KNOT Offshore Partners LP reported a net income of 2.63M and revenue of 92.01M, resulting in a net margin of 2.9%.
Frequently Asked Questions
RAIL and KNOP have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RAIL has higher volatility (14.65%) compared to KNOP (6.00%). In terms of maximum drawdown, RAIL dropped -98.88% vs KNOP's -74.53%.
KNOP currently has the higher Sharpe Ratio (1.60 vs 0.12), 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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